Latest news with #Nymex
Yahoo
14-07-2025
- Business
- Yahoo
Nat-Gas Prices Soar as US Weather Forecasts Heat Up
August Nymex natural gas (NGQ25) on Monday closed up +0.152 (+4.59%). Aug nat-gas prices on Monday rallied sharply and posted a 1-week high. Hotter US weather forecasts that will boost nat-gas demand from electricity providers to power increased air-conditioning usage pushed prices sharply higher on Monday. Forecaster Atmospheric G2 said Monday that forecasts shifted warmer across much of the southern and central US for July 19-23, and hotter for the eastern two-thirds of the country for July 24-28. Heightened Trade Tensions Weigh on Crude Oil Prices Crude Oil Prices Tumble as Trump Remains Patient with Putin Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Lower-48 state dry gas production on Monday was 107.2 bcf/day (+3.0% y/y), according to BNEF. Lower-48 state gas demand on Monday was 76.7 bcf/day (-4.8% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Monday were 15.8 bcf/day (+5.8% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported last Wednesday that total US (lower-48) electricity output in the week ended July 5 rose +1.0% y/y to 93,747 GWh (gigawatt hours), and US electricity output in the 52-week period ending July 5 rose +2.4% y/y to 4,247,938 GWh. Last Thursday's weekly EIA report was bullish for nat-gas prices since nat-gas inventories for the week ended July 4 rose +53 bcf, below the consensus of +61 bcf and right on the 5-year average for the week. As of July 4, nat-gas inventories were down -6.0% y/y, but were +6.1% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of July 8, gas storage in Europe was 61% full, compared to the 5-year seasonal average of 71% full for this time of year. Baker Hughes reported last Friday that the number of active US nat-gas drilling rigs in the week ending July 11 was unchanged at 108 rigs, slightly below the 15-month high of 114 rigs posted on June 6. In the past nine months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
13-07-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Post Third Straight Weekly Loss
1505 ET – U.S. natural gas futures give up early gains and settle lower, falling for a third consecutive week. The profit-taking in recent weeks after prices got close to $4/mmBtu has been overdone, says longtime natural gas trader John Woods. 'We still have a lot of summer left, August, half of July, September. And you're not selling $3.25 gas unless you're saying to yourself summer's over.' With the market heavily influenced by short-term weather bursts, futures could get back above $4, he says. At the same time, 'if we got cooler-than-normal temperatures across the U.S. we could get below $3, but not aggressively.' Nymex natural gas settles down 0.7% at $3.314/mmBtu for a 2.8% weekly loss. ( 1141 ET – Energy prices are still far below levels producers say they need before they substantially increase activity, the Federal Reserve Bank of Kansas City's quarterly survey finds. Energy firms surveyed by the bank, on average, said they need to see oil at $83 a barrel and natural gas at $5.01 per million British thermal units before they significantly ramp up drilling. But the average expected price for West Texas Intermediate crude was $67 a barrel in one year and $79 a barrel in five years, while the average expected Henry Hub natural-gas prices were $3.76 and $4.71 per million Btu, respectively, according to the survey. WTI futures, the U.S. crude benchmark, were recently up 2.8%, to $68.46 a barrel, while natural-gas futures rose 1.7%, to $3.42 per million Btu. (
Yahoo
08-07-2025
- Business
- Yahoo
Nat-Gas Prices Slip as US Weather Forecasts Cool
August Nymex natural gas (NGQ25) on Tuesday closed down by -0.072 (-2.11%). Aug nat-gas prices on Tuesday moved sharply lower after weather forecasts cooled in the central and eastern US, which will reduce nat-gas demand from energy providers to power air-conditioning usage. Forecaster Atmospheric G2 said Tuesday that forecasts shifted cooler over the middle of the country for July 13-17 and cooler for the eastern half of the US for July 18-22. Nat-Gas Prices Recover as Hotter Temps Forecast for the Central US Energy Demand Optimism and Houthi Rebel Attacks on Red Sea Shipping Boost Crude Prices Crude Prices Climb on Energy Demand Optimism and Middle East Tensions Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. On Monday, nat-gas prices tumbled to a 6-week low due to robust US nat-gas supplies. Last Thursday's weekly EIA inventory report showed nat-gas supplies rose more than expected for the week ended June 27 and remained plentiful, at 6.2% above the 5-year average. Lower-48 state dry gas production on Tuesday was 104.8 bcf/day (+3.9% y/y), according to BNEF. Lower-48 state gas demand on Tuesday was 77.9 bcf/day (-6.8% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Tuesday were 15.0 bcf/day (-2.5% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported last Wednesday that total US (lower-48) electricity output in the week ended June 28 rose +3.2% y/y to 99,357 GWh (gigawatt hours), and US electricity output in the 52-week period ending June 28 rose +2.5% y/y to 4,246,983 GWh. Last Thursday's weekly EIA report was bearish for nat-gas prices since nat-gas inventories for the week ended June 27 rose +55 bcf, above the consensus of +49 bcf but below the 5-year average for the week of +61 bcf. As of June 27, nat-gas inventories were down -5.8% y/y, but were +6.2% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of July 6, gas storage in Europe was 61% full, compared to the 5-year seasonal average of 70% full for this time of year. Baker Hughes reported last Thursday that the number of active US nat-gas drilling rigs in the week ending July 4 fell by -1 to 108 rigs, slightly below the 15-month high of 114 rigs posted on June 6. In the past nine months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Wall Street Journal
08-07-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Slip Waiting for Weather
0948 ET – U.S. natural gas futures are lower with the market waiting for hotter summer weather to lift demand, while the storage surplus remains a weight on prices. 'The long-term outlook for natural gas is still pretty bullish even though the weather and the short-term larger-than-expected increases in supplies are weighing down the market momentum,' says Phil Flynn of the Price Futures Group. Still, it's considered premature to draw conclusions about the summer season, and 'models indicate the possibility of another heat wave this summer, which could again test technical resistance levels,' he adds. Nymex natural gas is down 1.7% at $3.353/mmBtu. (
Yahoo
02-07-2025
- Business
- Yahoo
Nat-Gas Prices Rebound on the Outlook for a Smaller-Than-Average EIA Inventory Build
August Nymex natural gas (NGQ25) on Wednesday closed higher by +0.073 (+2.14%). Aug nat-gas prices on Wednesday moved higher on the outlook for a smaller-than-average increase in weekly nat-gas inventories. Short covering emerged in nat-gas futures Wednesday on expectations that Thursday's weekly EIA nat-gas inventories will climb by +49 bcf for the week ended June 27, below the five-year average of +61 bcf for this time of year. Crude Oil Prices Supported by Middle East Tensions Nat-Gas Prices Rebound on the Outlook for a Smaller-Than-Average EIA Inventory Build Energy Demand Optimism Pushes Crude Prices Sharply Higher Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! On Tuesday, nat-gas prices fell to a 5-week nearest-futures low on forecasts for cooler US temperatures. Forecaster Vaisala said that forecasts shifted cooler in the middle of the country for July 6-10 and shifted cooler across the southern states for July 11-15. The cooler weather should potentially curb nat-gas demand from electricity providers to power air conditioning and allow US nat-gas inventories to continue rebuilding. As of June 20, EIA nat-gas inventories were +6.6% above their 5-year seasonal average, signaling adequate nat-gas supplies. Lower-48 state dry gas production on Wednesday was 107.1 bcf/day (+3.7% y/y), according to BNEF. Lower-48 state gas demand on Wednesday was 75.5 bcf/day (+0.2% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Wednesday were 15.7 bcf/day (+6.8% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported Wednesday that total US (lower-48) electricity output in the week ended June 28 rose +3.2% y/y to 99,357 GWh (gigawatt hours), and US electricity output in the 52-week period ending June 28 rose +2.5% y/y to 4,246,983 GWh. Last Thursday's weekly EIA report was bearish for nat-gas prices since nat-gas inventories for the week ended June 20 rose +96 bcf, above the consensus of +88 bcf and the 5-year average for the week of +79 bcf. As of June 20, nat-gas inventories were down -6.6% y/y, but were +6.6% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of June 30, gas storage in Europe was 59% full, compared to the 5-year seasonal average of 68% full for this time of year. Baker Hughes reported last Friday that the number of active US nat-gas drilling rigs in the week ending June 27 fell by -2 to 109 rigs, slightly below the 15-month high of 114 rigs from June 6. In the past nine months, gas rigs have risen from the 4-year low of 94 rigs posted in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
