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oil and natural gas

US natural gas futures slip on forecasts for lower demand

US natural gas futures slip on forecasts for lower demand

Published 21 Jun, 2021 06:41pm
  • Front-month gas futures fell 6.2 cents, or 1.9%, to $3.153 per million British thermal units (mmBtu) .
  • US pipeline exports to Mexico averaged 6.7 bcfd so far in June, putting them on track to top May's 6.2-bcfd record.
US natgas futures hold near one-week high ahead of storage report

US natgas futures hold near one-week high ahead of storage report

Published 27 May, 2021 06:39pm
  • On its first day as the front-month, gas futures for July delivery fell 2.9 cents, or 1.0%, from where the July contract closed on Wednesday to $2.998 per million British thermal units.
  • US pipeline exports to Mexico, meanwhile, averaged 6.0 bcfd so far in May, just off April's monthly record of 6.1 bcfd, Refinitiv data showed.
US natgas futures ease to fresh 3-week low as output slowly rises

US natgas futures ease to fresh 3-week low as output slowly rises

Published 21 May, 2021 08:05pm
  • The price decline came despite forecasts that warmer weather in coming weeks will boost the amount of gas power generators burn to keep air conditioners humming.
  • Front-month gas futures fell 1.2 cents, or 0.4%, to $2.913 per million British thermal units
US natgas futures slip to 3-week low on big storage build

US natgas futures slip to 3-week low on big storage build

Published 20 May, 2021 09:10pm
  • The US Energy Information Administration (EIA) said US utilities added 71 billion cubic feet (bcf) of gas into storage during the week ended May 14.
  • That injection boosted stockpiles to 2.100 trillion cubic feet (tcf), or 4.0% below the five-year average of 2.187 tcf for this time of year.
US natgas futures slip on mild weather forecast, exports decline

US natgas futures slip on mild weather forecast, exports decline

Published 19 May, 2021 08:15pm
  • Traders noted gas prices were also following oil futures lower. US crude fell more than $2 a barrel on renewed global demand concerns as coronavirus cases in Asia rise, among other things.
  • Front-month gas futures fell 4.2 cents, or 1.4%, to $2.970 per million British thermal units.
US natgas futures soar to 3-month high on rising air conditioner use

US natgas futures soar to 3-month high on rising air conditioner use

Published 17 May, 2021 08:52pm
  • Front-month gas futures rose 16 cents, or 5.4%, to $3.121 per million British thermal units (mmBtu) .
  • Data provider Refinitiv said gas output in the Lower 48 US states averaged 90.9 billion cubic feet per day (bcfd) so far in May, up from 90.6 bcfd in April, but still well below November 2019's monthly record of 95.4 bcfd.
US natgas flat as higher oil prices offset milder weather

US natgas flat as higher oil prices offset milder weather

Published 12 May, 2021 06:29pm
  • Front-month gas futures remained unchanged at $2.958 per million British thermal units.
  • US crude futures, meanwhile, rose over $1 a barrel earlier in the day on signs of a speedy economic recovery and upbeat forecasts for energy demand.
US natgas hits 9-week high on cooler forecast, record exports

US natgas hits 9-week high on cooler forecast, record exports

Published 30 Apr, 2021 08:58pm
  • Front-month gas futures rose 3.9 cents, or 1.3%, to $2.950 per million British thermal units.
  • For the week, the contract was about 8% higher, putting it up for a third week in a row for the first time since February.
US natgas rises to fresh 9-wk high on record exports

US natgas rises to fresh 9-wk high on record exports

Published 28 Apr, 2021 08:42pm
  • On its last day as the front-month, gas futures for May delivery rose 2.4 cents, or 0.8%, to $2.897 per million British thermal units.
  • That increase kept the front-month in overbought territory with a Relative Strength Index (RSI) over 70 for a third day in a row for the first time since August 2020.
US natgas futures up to 7-week high on small storage build

US natgas futures up to 7-week high on small storage build

Published 22 Apr, 2021 07:52pm
  • The US Energy Information Administration (EIA) said utilities added 38 billion cubic feet (bcf) of gas into storage during the week ended April 16.
  • That was less than the 49-bcf build analysts forecast in a Reuters poll and compares with an increase of 47 bcf in the same week last year and a five-year (2016-2020) average increase of 37 bcf.
US natgas futures rise to one-week high on cooler forecasts

US natgas futures rise to one-week high on cooler forecasts

Published 09 Apr, 2021 06:56pm
  • Traders also noted that mild weather this week will likely cause utilities to boost injections into storage by so much that the total amount of gas in inventory will rise above the five-year (2016-2020) average for the first time since the February freeze.
  • Front-month gas futures rose 1.9 cents, or 0.8%, to $2.541 per million British thermal units.
US natgas futures slide ahead of expected small storage withdrawal

US natgas futures slide ahead of expected small storage withdrawal

Published 18 Mar, 2021 08:34pm
  • If correct, last week's decrease would cut stockpiles to 1.776 trillion cubic feet (tcf), which would be 5.3% below the five-year average of 1.875 tcf for this time of year.
  • Front-month gas futures fell 3 cents, or 1.2%, to $2.498 per million British thermal units.
US natgas futures at 7-week low on milder weather forecasts

US natgas futures at 7-week low on milder weather forecasts

Updated 15 Mar, 2021 09:26pm
  • Front-month gas futures fell 6.5 cents, or 2.5%, to $2.535 per million British thermal units.
  • That puts the front-month down about 24% since mid February when it hit a three-month high of $3.316 per mmBtu during the Texas freeze.
Exxon and Macquarie in $11.7mn US lawsuit over gas contract

Exxon and Macquarie in $11.7mn US lawsuit over gas contract

Updated 04 Mar, 2021 09:52pm
  • Exxon is asking the Texas court to rule that the massive storm, caused when an arctic air mass swept the central United States, was a natural disaster.
  • US gas demand and prices soared last month when freezing temperatures hit as far south as Texas, where 4.3 million homes lost power.
US drillers add oil and gas rigs for fourth month: Baker Hughes

US drillers add oil and gas rigs for fourth month: Baker Hughes

Published 26 Nov, 2020 12:28am
  • The oil and gas rig count, an early indicator of future output, rose 10 to 320 in the week to Nov. 25, energy services firm.
  • There was a single week decline in oil drilling activity (last week) going against the recent trend in higher drilling activity.
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