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US natural gas futures

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

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

  • 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.
Published 17 May, 2021 08:52pm
US natgas futures rise to 5-week high on small storage build
Markets

US natgas futures rise to 5-week high on small storage build

  • The US Energy Information Administration (EIA) said US utilities added 61 billion cubic feet (bcf) of gas into storage during the week ended April 9.
  • That is lower than the 67-bcf build analysts forecast in a Reuters poll and compares with an increase of 68 bcf in the same week last year and a five-year (2016-2020) average increase of 26 bcf.
Published 15 Apr, 2021 08:27pm
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 futures slip to one-week low ahead of storage report
Markets

US natgas futures slip to one-week low ahead of storage report

  • That small decline comes ahead of a federal report expected to show last week's storage draw was smaller than usual and could be the last withdrawal of the 2020-2021 winter heating season.
  • Front-month gas futures fell 2.3 cents, or 0.9%, to $2.495 per million British thermal units (mmBtu).
Published 25 Mar, 2021 08:52pm
US natgas futures ease on milder weather forecasts for next week
Markets

US natgas futures ease on milder weather forecasts for next week

  • That small price decline came despite record liquefied natural gas (LNG) exports and forecasts for colder weather and higher than previously expected heating demand this week.
  • The amount of gas flowing to US LNG export plants, meanwhile, has averaged 10.4 bcfd so far in March.
Published 17 Mar, 2021 06:14pm
US natgas futures hold at 5-week low on milder forecast
Markets

US natgas futures hold at 5-week low on milder forecast

  • Traders, however, noted the weather is expected to turn slightly cooler in mid March, which should boost heating demand a bit during the week of March 14 over the week of March 7.
  • Front-month gas futures fell 0.8 cents, or 0.3%, to $2.738 per million British thermal units.
Published 05 Mar, 2021 09:18pm
US natgas futures rise to 1-week high on colder forecasts
Markets

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

  • Front-month gas futures rose 2.8 cents, or 1.0%, to $2.867 per million British thermal units.3
  • Refinitiv projected average gas demand, including exports, would drop from 112.2 bcfd this week to 105.0 bcfd next week as the weather turns seasonally milder.
Published 03 Mar, 2021 07:58pm
US NYMEX natgas average daily futures fall, options rise in February
Markets

US NYMEX natgas average daily futures fall, options rise in February

  • For the month, futures ADV was 575,167 contracts, down 9.1% from a year ago. Futures ADV hit a monthly record of 677,112 contracts in November 2018.
  • Year to date, futures ADV was 496,290, down 15.3% from the same period a year earlier. That, however, keeps futures ADV on track to top the annual record of 477,468 contracts in 2020.
Published 03 Mar, 2021 07:55pm
US natgas futures gain as supply losses expected to 'haunt' market
Markets

US natgas futures gain as supply losses expected to 'haunt' market

  • Prices were also supported as US pipeline gas exports to Mexico rose to 5.1 bcf on Friday after dropping to a 13-month low of 3.8 bcf per day on Tuesday, Refinitiv Eikon data showed.
  • Even though we will see some warmer temperatures... there's still expectations that the loss in production is going to haunt us as we get into summer.
Published 19 Feb, 2021 09:15pm
US natgas soars over 10pc as deep freeze strains output
Markets

US natgas soars over 10pc as deep freeze strains output

  • Data provider Refinitiv estimated 425 heating degree days (HDDs) over the next two weeks in the Lower 48 US states, slightly down from Monday's forecast of 449 HDDs.
  • Data provider Refinitiv projected output in the Lower 48 to average 82.5 billion cubic feet per day (bcfd) this week and increase to 84.2 bcfd next week.
Updated 16 Feb, 2021 09:56pm