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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

US natural gas

US natgas futures edge up on hot forecasts and lower output

US natgas futures edge up on hot forecasts and lower output

  • That price increase came despite a report showing an expected, bigger-than-usual storage build last week when the weather was milder than now.
  • Front-month gas futures rose 3.0 cents, or 1.4%, to settle at $2.182 per million British thermal units.
Published 14 Aug, 2020 01:58am
US natgas holds near 7-month peak as LNG exports pick up
Markets

US natgas holds near 7-month peak as LNG exports pick up

  • Front-month gas futures settled down 0.2 cents, or 0.1%, at $2.191 per million British thermal units (mmBtu).
  • "The global demand is picking up for LNG and the forecasts that temperatures will turn above normal is making the market look tighter, but in the short term.
Published 06 Aug, 2020 01:02am
US natgas falls over 5pc on milder weather outlook
Markets

US natgas falls over 5pc on milder weather outlook

  • The US Energy Information Administration said utilities injected just 26 billion cubic feet (bcf) of gas into storage in the week ended July 24.
  • On its first day as the front-month, gas futures for the most active September contract fell 10.1 cents, or 5.2%, to settle at $1.829 per million British thermal units.
Published 31 Jul, 2020 01:34am
US natgas hits 3-week high on forecasts for warmer weather
Markets

US natgas hits 3-week high on forecasts for warmer weather

  • On its last day as the front-month contract, gas futures for August delivery rose 5.4 cents, or 3%, to settle at $1.854 per million British thermal units.
  • September futures, which will soon be the front month, settled up 6.6 cents at $1.930 per mmBtu.
Published 30 Jul, 2020 12:57am
US natgas futures drop over 4pc to 3-week low as output rises
Markets

US natgas futures drop over 4pc to 3-week low as output rises

  • Front-month gas futures fell 7.7 cents, or 4.5%, to settle at $1.641 per million British thermal units, their lowest close since June 26.
  • As consumers crank up their air conditioners, Refinitiv forecast US demand, including exports, will rise from 92.5 bcfd this week to 94.1 bcfd next week.
Published 21 Jul, 2020 12:09am
US natgas futures little changed on expected small storage build
Markets

US natgas futures little changed on expected small storage build

  • The US Energy Information Administration (EIA) said US utilities injected 45 billion cubic feet (bcf) of gas into storage during the week ended July 10.
  • As consumers crank up their air conditioners, Refinitiv forecast US demand, including exports, will rise from 90.8 bcfd this week to 93.5 bcfd next week.
Published 16 Jul, 2020 07:50pm
US natgas futures slip on rising output, low LNG exports
Markets

US natgas futures slip on rising output, low LNG exports

  • Traders noted prices were down despite forecasts for more hot weather and higher cooling demand over the next two weeks and an increase in pipeline exports to Canada and Mexico.
  • Refinitiv forecast US demand, including exports, will rise from 90.4 bcfd this week to 92.9 bcfd next week. That was higher than Refinitiv's outlook on Monday.
Published 14 Jul, 2020 06:56pm
US natgas futures slide on rising output, less hot weather
Markets

US natgas futures slide on rising output, less hot weather

  • Traders noted that price decline came despite a drop in liquefied natural gas (LNG) exports this month to their lowest since early 2018.
  • Front-month gas futures for August delivery on the New York Mercantile Exchange fell 2.7 cents, or 1.5%, to $1.778 per million British thermal units.
Published 13 Jul, 2020 07:08pm
US natgas futures slide as output slowly rises, LNG exports remain low
Markets

US natgas futures slide as output slowly rises, LNG exports remain low

  • That lower price move comes despite forecasts the hotter-than-normal weather will continue through late July, prompting consumers to keep their air conditioners cranked up.
  • As the weather heats up, Refinitiv forecast US demand, including exports, will rise from 89.3 bcfd this week to 91.4 bcfd next week and 93.3 bcfd in two weeks.
Published 10 Jul, 2020 08:21pm
US natgas futures hit 2-month high ahead of storage report
Markets

US natgas futures hit 2-month high ahead of storage report

  • Traders noted the advance came on forecasts the weather will remain hotter-than-normal for the next two weeks.
  • As the weather heats up, Refinitiv forecast US demand, including exports, will rise from 89.2 bcfd this week to 90.7 bcfd next week.
Published 09 Jul, 2020 08:29pm