Nasdaq U.S. natural gas futures held near a one-year low on Friday on forecasts for warmer-than-normal weather and lower than usual heating demand to continue into late January. With the contract now down about 17% so far this year, the gas market is on track for its worst start to a year on record, according to Refinitiv data going
BOE Report U.S. natural gas futures dropped to a 10-month low on Tuesday, cutting the March-April spread to a record low as forecasts for mild weather and low heating demand in January force some in the market to give up on hopes for extreme cold in coming weeks. The gas industry calls the March-April spread the “widow maker” because rapid
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
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
Reuters U.S. natural gas futures fell more than 5% on Monday, weighed down by forecasts for lower demand over the next two weeks than previously expected, near record output and ahead of the expiry of the front-month December contract. On its last day as the front-month, gas futures NGc1 for December delivery on the NYMEX were down 38.7 cents, or 5.5%,
Nasdaq U.S. natural gas futures on Monday extended their decline to a third session, hitting the lowest since mid-July on a weakening demand outlook and higher inventories. Front-month gas futures NGc1 fell 25.7 cents, or 3.8%, to $6.57 per million British thermal units (mmBtu), by 9:52 a.m. EDT (1352 GMT), after touching $6.526 – their lowest since July 15 – earlier in
BOE Report U.S. natural gas futures jumped about 4% to a near one-week high on Wednesday, on forecasts for stronger U.S. gas demand this week than previously expected and renewed worries about a possible U.S. rail strike. A rail strike could boost demand for gas by threatening coal supplies to power plants. Coal fuels about 20% of U.S. power generation.
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
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)
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
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
Nasdaq Jan 3 – U.S. natural gas futures started the new year down over 2% on Monday on forecasts for less demand next week than previously expected and a drop in global gas prices from record highs. In the last quarter of 2021, U.S. gas futures have followed the rise and fall of global prices about two-thirds of the time
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