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Apr 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

US natural gas

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

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

  • 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.
Published 27 May, 2021 06:39pm
US natgas edges up on hopes
Markets

US natgas edges up on hopes

CHICAGO: US natural gas futures rose on Tuesday on expectations a rise in global prices will boost US exports back ...
Published 27 May, 2021 03:40am
US natgas futures slip to 3-week low on big storage build
Markets

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

  • 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.
Published 20 May, 2021 09:10pm
US natgas futures slip on mild weather forecast, exports decline
Markets

US natgas futures slip on mild weather forecast, exports decline

  • 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.
Published 19 May, 2021 08:15pm
US natgas flat as higher oil prices offset milder weather
Markets

US natgas flat as higher oil prices offset milder weather

  • 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.
Published 12 May, 2021 06:29pm
US natgas futures rise for 5th day on cooler forecasts
Markets

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
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