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August Natural Gas Futures Rally Again, Lifted by Forecasts for More Heat, Storage Concerns

August Natural Gas Futures Rally Again, Lifted by Forecasts for More Heat, Storage Concerns
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August Natural Gas Futures Bounce Back as Inventory Concerns Bubble Up

August Natural Gas Futures Bounce Back as Inventory Concerns Bubble Up Natural gas futures rebounded on Friday, following three straight daily losses, as traders mulled the potential for paltry levels of stockpiles ahead of the withdrawal season later this year. At A Glance: Storage concerns fuel rebound Northeast cash prices drop The August Nymex contract gained 6.0 cents day/day and settled at $3.674/MMBtu. September advanced 5.7 cents to $3.658. NGI’s Spot Gas National Avg., however, fell 13.5 cents to $3.485, as next-day prices dropped in the Northeast ahead of an anticipated cool down. The Energy Information Administration (EIA) on Thursday reported an injection of 55 Bcf into U.S. natural gas storage for the week ended July 9. The result exceeded expectations for a build in the upper 40s Bcf, and it also eclipsed the year-earlier increase of 47 Bcf and the five-year average 54 Bcf injection.

Steady Cooling Demand Propels Double-Digit Gain in Weekly Natural Gas Cash Prices

Steady Cooling Demand Propels Double-Digit Gain in Weekly Natural Gas Cash Prices Weekly natural gas cash prices forged ahead as heat radiated across much of the Lower 48, keeping air conditioners humming. NGI’s Weekly Spot Gas National Avg. for the July 12-16 period advanced 10.5 cents to $3.615. Demand was fueled during the week by hot upper high pressure that held over the East most of the week with highs of mid-80s to 90s. It was also hot over the West, Texas and the Plains, with highs ranging from the 90s to 110s, NatGasWeather said. A weather system lingered over the Great Lakes and Ohio Valley with showers and highs of 70s to 80s, for locally lighter demand, but it was not enough to curb national momentum.

Natural Gas Futures, Spot Prices Sputter as Demand Eases - Natural Gas Intelligence

Natural Gas Futures, Spot Prices Sputter as Demand Eases - Natural Gas Intelligence
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Mexico Natural Gas Market Spotlight: Sur de Texas-Tuxpan Pipeline Poised to Become Main Import Option

Mexico Natural Gas Market Spotlight: Sur de Texas-Tuxpan Pipeline Poised to Become Main Import Option
naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.

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