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US natural gas

US natgas futures rise for 5th day on cooler forecasts

US natgas futures rise for 5th day on cooler forecasts

  • Traders noted that even though temperatures may be lower, they were expected to remain around near-normal levels through late April.
  • Front-month gas futures rose 6.2 cents, or 2.4%, to $2.623 per million British thermal units.
Published 13 Apr, 2021 08:19pm
US natgas futures rise to one-week high on cooler forecasts
Markets

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

  • 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.
Published 09 Apr, 2021 06:56pm
US natgas futures fall near 3pc on milder forecasts
Markets

US natgas futures fall near 3pc on milder forecasts

  • Front-month gas futures fell 7 cents, or 2.7%, to $2.569 per million British thermal units.
  • After utilities started injecting gas into storage in late March, which was earlier than usual, speculators cut their net long positions on the New York Mercantile (NYMEX) and Intercontinental Exchanges for a sixth time in a row last week to their lowest since July 2020.
Published 05 Apr, 2021 08:11pm
US natgas falls over 3pc on small storage draw, lower demand forecasts
Markets

US natgas falls over 3pc on small storage draw, lower demand forecasts

  • The US Energy Information Administration (EIA) said utilities pulled just 128 billion cubic feet (bcf) of gas from storage in the week ended Jan. 22.
  • Last week's decrease cut stockpiles to 2.881 trillion cubic feet (tcf), which was still 9.3% above the five-year average of 2.637 tcf for this time of year.
Published 28 Jan, 2021 09:55pm
US natgas futures rise 2pc to a 1-week high on colder forecasts
Markets

US natgas futures rise 2pc to a 1-week high on colder forecasts

  • On its second to last day as the front-month, gas futures for February delivery rose 5.2 cents, or 2.0%, to $2.654 per million British thermal units.
  • At-the-money implied volatility for the futures, a determinant of an option's premium, fell to 45.2%, its lowest since March.
Published 26 Jan, 2021 06:37pm
US natural gas falls to 3-week low despite big storage draw
Markets

US natural gas falls to 3-week low despite big storage draw

The US Energy Information Administration (EIA) said US utilities pulled 187 billion cubic feet (bcf) of gas from storage in the week ended Jan. 15. * Front-month gas futures fell 4.7 cents, or 1.9%, to $2.444 per million British thermal units.
Published 22 Jan, 2021 09:30pm
US natural gas futures fall over 5pc on milder forecasts
Markets

US natural gas futures fall over 5pc on milder forecasts

  • That decline came despite near record liquefied natural gas (LNG) exports as global gas prices remain near their highest in years.
  • Front-month gas futures fell 14.6 cents, or 5.3%, to $2.591 per million British thermal units.
Published 19 Jan, 2021 07:07pm
Freezing temperatures push Asian gas prices to new records
Markets

Freezing temperatures push Asian gas prices to new records

  • If the cold weather abates, prices may be near a peak as demand for heating fuel diminishes, traders and analysts said. Temperatures are expected to rise to above-average in Tokyo, Beijing, Seoul and Shanghai over the next few weeks, weather data from Refinitiv Eikon showed.
Published 13 Jan, 2021 11:09am
US natgas futures ease on lower demand forecasts
Markets

US natgas futures ease on lower demand forecasts

  • Front-month gas futures lost 1.5 cents, or 0.6%, at $2.685 per million British thermal units.
  • Data provider Refinitiv projected demand, including exports, would fall to an average of 121.6 bcfd this week from 124.3 bcfd in the prior week.
Published 21 Dec, 2020 08:26pm
US natgas futures jump over 4pc on big storage draw
Markets

US natgas futures jump over 4pc on big storage draw

  • The US Energy Information Administration said utilities pulled 91 billion cubic feet (bcf) of gas from storage during the week ended Dec. 4.
  • Front-month gas futures rose 11.1 cents, or 4.5%, to settle at $2.553 per million British thermal units.
Published 11 Dec, 2020 01:49am
US natgas output, demand to fall in 2020, 2021 due coronavirus
Markets

US natgas output, demand to fall in 2020, 2021 due coronavirus

  • EIA projected dry gas production will drop to 90.88 billion cubic feet per day (bcfd) in 2020 and 87.91 bcfd in 2021 from an all-time high of 93.06 bcfd in 2019.
  • EIA's projections for 2020 in December were lower than its November forecasts of 90.99 bcfd for supply and 83.68 bcfd for demand.
Published 09 Dec, 2020 01:06am