AccuWeather meteorologists are monitoring the potential for rounds of flooding rainfall and severe weather that are expected to erupt across portions of the Plains this weekend into early next week. After a below-average number of tornadoes in the month of April 2021, conditions are coming together for an active severe weather pattern in mid-May. There were just 73 tornadoes reported across the United States in April, well short of the.
Momentum Proves Elusive for April Natural Gas Futures
Forecasts called for light heating demand
LNG feed gas volumes tampered off
Analysts anticipate a light storage withdrawal
Natural gas futures on Tuesday finished in the red for a fifth consecutive session, as traders mulled forecasts for light heating demand, a leveling off of liquefied natural gas (LNG) levels and early expectations for a light storage withdrawal.
The April Nymex contract declined two-tenths of a cent day/day and settled at $2.662/MMBtu. May declined by an equal amount and closed at $2.696.
NGI’s Spot Gas National Avg. shed 3.0 cents to $2.470.
LNG feed gas volumes topped 11 Bcf at the close of trading last week, NGI data showed, hovering near record levels and representing what market participants thought was a full recovery from the disruptions caused by the Texas freeze in mid-February. However, over the weekend and into Monday and Tuesday, LNG levels dipped below 11 Bcf, and on Wednesday, they decli