Thursday, January 23, 2025
US NYMEX natgas average daily futures, options volumes rise in September- oil and gas 360

US NYMEX natgas average daily futures, options volumes rise in September

(Yahoo Finance) – Average daily volume (ADV) in U.S. natural gas futures and options on the New York Mercantile Exchange rose in September from a year earlier, data from its owner CME Group showed.   For the month, futures ADV was 492,825 contracts, up 35.3% from a year ago. Futures ADV hit a monthly record of 677,112 contracts in November 2018.

U.S. natgas futures hold near 18-month low ahead of storage report- oil and gas 360

U.S. natgas futures hold near 18-month low ahead of storage report

BOE Report U.S. natural gas futures held near an 18-month low on Thursday as the market waits for direction from a federal report expected to show last week’s storage withdrawal was much smaller than usual because the weather then was warmer than normal, keeping heating demand low. That lack of price movement came despite bullish forecasts for colder weather and

U.S. natgas futures slide over 9% to 2-month low on less cold weather- oil and gas 360

U.S. natgas futures slide over 9% to 2-month low on less cold weather

Nasdaq U.S. natural gas futures dropped more than 9% to a two-month low on Wednesday on forecasts for warmer weather over the next two weeks than previously expected that could result in lower heating demand. On its last day as the front-month, gas futures NGc1 slipped 49.2 cents, or 9.3%, to $4.790 per million British thermal units (mmBtu) by 09:37 a.m. EST

U.S. natgas futures rise on forecasts for cooler December weather- oil and gas 360

U.S. natgas futures rise on forecasts for cooler December weather

BOE Report U.S. natural gas futures edged up about 1% to near a one-week high on Tuesday on forecasts for cooler weather through mid-December than previously expected.   That price increase, however, was limited by forecasts for less gas demand over the next two weeks than previously expected. In addition to colder weather, which will boost the amount of gas

U.S. natural gas futures hold at 3 month low on milder weather forecasts- oil and gas 360

U.S. natural gas futures hold at 3 month low on milder weather forecasts

Nasdaq U.S. natural gas futures on Tuesday held near a three-month low on near record output and forecasts for continued milder-than-normal weather that will allow utilities to keep injecting more gas into storage than usual in coming weeks. Recent drops in demand from storm-related power outages and reduced liquefied natural gas (LNG) exports have also weighed on gas prices. Hurricane

U.S. natural gas futures hold near 12 week low on record output- oil and gas 360

U.S. natural gas futures hold near 12 week low on record output

BOE Report U.S. natural gas futures held near a 12-week low on Tuesday on record output and forecasts for lower demand next week than previously expected.     Ongoing power outages from Hurricane Ian at 391,000 homes and businesses in Florida after the storm hit the state on Sept. 28-29 helped reduce the amount of gas generators burned to produce

U.S. natgas futures slip 1% to 6-week low on lower demand forecast- oil and gas 360

U.S. natgas futures slip 1% to 6-week low on lower demand forecast

Nasdaq U.S. natural gas futures slid about 1% to a six-week low on Monday on forecasts for lower demand over the next two weeks than previously expected and near record output.   Traders also noted prices were down on expectations demand would decline further next month when the Cove Point liquefied natural gas (LNG) plant in Maryland shuts for a

U.S. natgas futures gain as market braces for Sept expiry- oil and gas 360

U.S. natgas futures gain as market braces for Sept expiry

Nasdaq U.S. natural gas futures edged higher ahead of the expiry of the front-month September contract on Monday, with prices recovering from a more than one-week low hit earlier in the session on forecasts for hotter weather and higher cooling demand. Gas futures for September delivery were up 22.4 cents, or 2.4%, to $9.52 per million British thermal units (mmBtu)

U.S. natgas futures down 3% on rising output, lower demand

Nasdaq U.S. natural gas futures fell about 3% on Monday on rising supplies and forecasts for cooler weather and lower air conditioning demand over the next two weeks than previously expected.   Also weighing on gas prices was a 5% drop in oil CLc1, LCOc1 futures O/R and the ongoing outage at the Freeport liquefied natural gas (LNG) export plant in Texas, which has left

U.S. natgas futures up 3% on output drop, forecasts for hotter weather- oil and gas 360

U.S. natgas futures up 3% on output drop, forecasts for hotter weather

Reuters U.S. natural gas futures gained about 3% to nearly a three-week high on Tuesday on a drop in daily output and forecasts for hotter weather and more demand over the next two weeks than previously expected. That heat has already boosted electric demand to record levels in several parts of the country, including Texas, and caused power generators to

Biggest U.S. oil ETF sells June holdings; shares plummet- oil and gas 360

Biggest U.S. oil ETF sells June holdings; shares plummet

Reuters Shares of United States Oil Fund LP fell more than 16% on Monday after it said it would sell all of its front-month crude contracts to avoid a repeat of the heavy losses suffered last week after crude prices cratered. USO, the United States’ largest crude exchange-traded product, declined 39% last week. Retail investors sold the ETF heavily in