Jeremiah Shelor

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. By Monday (May…

Combined natural gas production from seven key Lower 48 plays is expected to ease lower in June, with declines from gas-weighted plays continuing to offset increasing associated output from the Permian Basin, according to updated projections from the U.S. Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, EIA said it…

Natural gas futures gave back some of their recent gains early Tuesday as traders weighed a fundamental outlook featuring softer export demand and continued springtime production weakness. After a double-digit rally to open the week, the June Nymex contract was off 3.6 cents to $2.345/MMBtu at around 8:40 a.m. ET. Flow data early Tuesday showed…

With summer cooling demand just around the corner, and with continued signs of renewed strength at a major U.S. export terminal, natural gas futures were charting another leg higher through midday trading. Here’s the latest: June Nymex futures up 12.3 cents to $2.375/MMBtu at around 2:30 p.m. ET Flows to U.S. LNG terminals surpassing 13…

Having surged higher since the start of the month, natural gas futures were steady in early trading Monday as the market continued to weigh a mixed shoulder season fundamental outlook.  The June Nymex contract was up fractionally at $2.253/MMBtu as of 8:40 a.m. ET. July was off 1.2 cents to $2.472. While the front month…

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. Negative Basis In…

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. Negative Basis in…

Natural gas futures were pushing higher at the front of the curve through midday trading Thursday after the latest government-reported inventory build landed on the leaner side of market expectations. Here’s the latest: June Nymex futures up 10.8 cents to $2.295/MMBtu as of 2:13 p.m. ET Reported 79 Bcf storage build from U.S. Energy Information…

Natural gas futures tested both sides of even in early trading Thursday as the market awaited the latest government inventory report, which was expected to show an injection roughly in line with historical norms. The June Nymex contract was trading at $2.205/MMBtu at around 8:40 a.m. ET, up 1.8 cents. July was up 0.8 cents…