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20 stories mentioning NGM6

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Natural Gas Rises Despite Cool Forecasts and High Inventories

Natural gas traded higher early Wednesday even as long-term forecasts expect cool weather for big eastern markets.Gas for June delivery was last seen up $0.02 to US$2.92 per million British thermal units.The rise comes even as long-term forecasts from the National Weather Service expect Texas and eastern states to see cooler than seasonal temperatures over its six to 10 day outlook, cutting into electricity demand to power air conditioning.Still, high inventories of the fuel are weighing on prices, with the Energy Information Administration last week reporting gas stocks stood at 6.6% above the five-year average, keeping prices rangebound.

Mining & Metals19d ago

Market Chatter: Canada To Sign Deal With Germany's SEFE For Ksi Lisims LNG, Reuters source says

Canada will sign a large-scale LNG agreement with Germany's SEFE for liquefied natural gas from the Ksi Lisims planned export facility on the coast of British Columbia, according to an industry source, Reuters is reporting Tuesday.The agreement, to be announced Wednesday in Vancouver by Natural Resources Minister Tim Hodgson, comes as Ksi Lisims' backers have been working to finalize contracts with purchasers before making an expected final investment decision this year, the report noted.Ksi Lisims, SEFE and Canada's natural resources ministry declined to comment.Bloomberg first reported the plans, while Shell and TotalEnergies have already signed 20-year LNG purchase agreements with Ksi Lisims, the report noted.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Natural Gas Rises as Forecast Expect a Hot Start to June

Natural gas prices rose early Tuesday as long-term forecasts warm.Gas for June delivery was last seen up $0.04 to US$2.94 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service expect hotter than seasonal temperatures for most states other than the Southeast over its six to 10 day outlook, keeping cooling demand high.Still, high inventories of the fuel are weighing on prices, with the Energy Information Administration last week reporting gas stocks stood at 6.6% above the five-year average, keeping prices rangebound."Storage levels are adding to the bearish sentiment as LNG export terminals remain in maintenance allowing us to inject a little extra and hold a surprise surplus to both last year and the 5 year average levels for this time of year," Gary Cunningham, Director of Market Research at Tradition Energy, wrote.

Natural Gas Rises Early Despite Cool Long-Term Forecasts

Natural gas traded higher early Monday in thin holiday trade, with the U.S. markets closed, even as long-term forecasts cool.Gas for June delivery was last seen up $0.04 to US$2.95 per million British thermal units in electronic trade, with markets closed for the Memorial Day holiday.Long-term forecasts from the National Weather Service expect most southern and eastern states to be cooler than seasonal over its six to 10 day outlook, lowering cooling demand.Inventories of the fuel remain robust, with the Energy Information Administration last week reporting stocks stood at 2.39-trillion cubic feet, 6.5% above the five-year average.

Natural Gas Trading Lower on Cooler Forecasts and Lower Demand

Natural gas prices eased early Friday on cooling long-term forecasts and lower demand.Gas for June delivery was last seen down $0.05 to US$2.97 per million British thermal units.The drop comes as long-term forecasts from the National Weather Service see most states with seasonal or cooler temperatures over its six to 10 day outlook, though states in the big markets of the Northeast and Upper Midwest will be hotter than usual, offering a boost to cooling demand. However LNG demand is weak as facilities begin seasonal maintenance."Production fell off at the start of the week, somewhat offset by depressed demand from LNG feedstock, which hit shoulder season lows as multiple terminals on the coast, including Freeport, Golden Pass, and Cameron, have confirmed ongoing maintenance activities in May," Christopher Louney, a natural gas and gold strategist at RBC Capital Markets, wrote.

Equities25d ago

Natural Gas Rises Ahead of Inventory Data as Forecasts See Hot Weather Coming for Eastern Markets

Natural gas futures rose early Thursday ahead of fresh storage data as forecasts see hot weather on the way for big eastern markets.Gas for June delivery was last seen up $0.03 to US$3.03 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service expect all states east of the Mississippi River to see hotter than seasonal temperatures over its six to 10 day outlook, offering a boost to cooling demand.The Energy Information Administration will release its weekly survey of inventories of the fuel later on Thursday morning, with another rise in stocks expected."For today's EIA weekly storage report, survey averages are tightly clustered at +95 Bcf, slightly larger than the 5-year average of +92 Bcf. Temperatures were warmer than normal over the western 2/3 of the US for the sample week, while the eastern 1/3 was cooler than normal. We expect a plump build of +101 Bcf and aided by record solar generation," NatGasWeather wrote.

Natural Gas Moves Lower Despite Hot Weather Forecasts

Natural gas prices fell early Wednesday even as long-term forecasts see warmer than seasonal weather coming for most states. Gas for June delivery was last seen down $0.05 to US$3.06 per million British thermal units.The drop comes even as long-term forecasts from the National Weather Service expect all lower-48 states to see seasonal or warmer temperatures over its six to 14 outlook, with nearer-term forecasts seeing hot weather for big markets."Record high temperatures will impact much of the East Coast.....with highs of lower to mid-90s and decently strong demand for cooling this early in the season," NatGasWeather noted.

Natural Gas Rises to a Two-Month High on Hotter Long-Term Forecasts

Natural gas traded at a two-month high early Tuesday as hot long-term forecasts offer a rise in cooling demand. Gas for June delivery was last seen up $0.05 to US$3.07 per million British thermal units, the highest since March 20.The rise comes as long-term forecasts from the National Weather Service see most states with hotter than seasonal temperatures over its six to 14 day outlook, offering a boost to cooling demand on higher air-conditioning use amid lower production."With gas production slipping just a bit lower overnight gas markets are holding their gains despite additional decreases in LNG feed gas demands. Most of the support is coming from weather outlooks that are painting virtually the entire lower 48 in the yellow and orange hues of warmer than normal temperatures," Gary Cunningham, Director of Market Research at Tradition Energy, wrote.

Natural Gas Rises on Warming Forecasts While Inventories Rose Last Week

Natural gas prices rose early Friday on warming long-term forecasts while a day-prior storage report met expectations. Gas for June delivery was last seen up US$0.06 to US$2.95 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service see all states with seasonal or warmer temperatures over its eight to 14 day forecast offering high cooling demand.In its weekly report issued Thursday, the Energy Information Administration said U.S. inventories of the fuel rose by 85-billion cubic feet last week, near expectations and leaving stocks at 2.29-trillion cubic feet, 6.5% above the five-year average."After the storage report printed in line with expectations a slight adjustment to weather outlooks proved just enough for the market to firm and test the resistance just under $2.90," Gary Cunningham, Director of Market Research at Tradition Energy, wrote.

Natural Gas Moves Lower Ahead of Storage Data on Cooling Long-Term Forecasts

Natural gas prices eased Thursday ahead of fresh storage data on cooler long-term forecasts.Gas for June delivery was last seen down $0.03 to US$2.83 per million British thermal units.The drop comes as long-term forecasts from the National Weather Service expect most states between the Rocky Mountains and Mississippi River to see seasonal or cooler temperatures over the its six to 10-day outlook, cutting into cooling demand.The Energy Information Administration will release its weekly survey of inventories of the fuel, with another large injection into storage expected."We are projecting a +86 (billion cubic foot rise) but should we see a number over 90 Bcf then the support level should fail and we could drop back to near $2.75. A storage number in the low 80's could give the bulls a reason to push back towards $3 but without some help from the weather maps," Gary Cunningham, Director of Market Research at Tradition Energy, noted.

Natural Gas Rises as Forecasts See Hotter Weather Coming for Most Markets

Natural gas traded higher early Wednesday as warm long-term forecasts offer a likely boost to cooling demand. Gas for June delivery was last seen up $0.07 to US$2.91 per million British thermal units.The National Weather Service's six to 14-day forecast see most states with warmer than seasonal temperatures, with the hottest weather expected for big eastern markets, raising the call on gas-fired generation to power air conditioners, while its longer-term outlook sees hot weather likely to persist for the next month."The long-range weather data continues to forecast a rather hot US pattern for much of June as highs of upper 80s to 100s gains in coverage across the central and southern US, while very nice to warm across the northern US w/highs of 60s-80s, locally 90s for stronger than normal CDDs/cooling demand.

Natural Gas Falls as Rising Production Offsets Warming Forecasts

Natural gas traded lower early Tuesday despite warm forecasts as production continues to rise. Gas for June delivery was last seen down $0.04 to US$2.87 per million British thermal units.Long-term forecasts from the National Weather Service expect nearly all states to see warmer than seasonal temperatures over its six to 14 day outlook, offering some cooling demand amid the spring shoulder season.However production continues to rise, boosting inventories of the fuel and limiting prices."U.S. production continues to trend higher, supported by solid shale output and rising associated gas volumes from oil directed drilling, particularly in the Permian Basin....Combined with relatively mild winter weather, this has left inventories in a comfortable position," TD Economics wrote.

Natural Gas Rises as Forecasts See Hotter Weather Coming for Most States

Natural gas rose early Monday as long-term forecasts see warmer than usual weather coming for much of the United States, offering a boost to cooling demand.Gas for June delivery was last seen up $0.08 to US$2.83 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service see nearly all states with higher than seasonal temperatures over its six to 10 day forecast, raising the call on power for air conditioning.Still, supplies remain high, with the Energy Information Administration last week reporting inventories of the fuel stood at 2.21-trillion cubic feet, 6.7% above the five-year average.

Natural Gas Trading Lower Ahead of Fresh Storage Data as Spring Weather Cuts Into Demand

Natural gas futures dipped early Thursday ahead of fresh storage data as spring temperatures continue to limit demand. Gas for June delivery was last seen down $0.04 to US$2.69 per million British thermal units.The price of the fuel has remained under US$3.00 since the April 1 start to the cooling season as mild spring weather continues to limit demand. Long-term forecasts from the National Weather Service see most states with warmer than seasonal temperatures over its eight to 14 day outlook, but well below midsummer highs."Seasonal maintenance is in full swing, depressing demand and adding to an already well-supplied market (stockpiles are 7.7% above the five-year average), but this shoulder season story looks short-lived as we enter summer and new LNG trains come online," Christopher Louney, a natural gas and gold strategist at RBC Capital Markets, wrote.The Energy Information Administration will release its weekly survey of inventories of the fuel later on Thursday. morning. Celsius Energy is expecting the agency to report stocks rose by 73-billion cubic feet, 4-bcf above the five-year average for the week.

Natural Gas Trading Lower as Forecasts Expect Cool Weather for Eastern Markets

Natural gas fell for a second day on Wednesday as long-term weather forecasts offer a mixed outlook for demand. Gas for June delivery was last seen down US$0.07 to US$2.72 per million British thermal units.The drop comes as long-term forecasts from the National Weather Service expect states west of the Mississippi River to see warmer than seasonal temperatures over its six to 10 day outlook. But states in big markets of the Northeast and Upper Midwest will be cooler than usual, cutting into demand."National demand will increase to moderate levels Wed-Fri as a late season cool shot sweeps across the northern US. Demand eases this weekend, then with a minor bump early next week on another cooler vs normal system across the Great Lakes and Northeast," NatGasWeather noted.

Natural Gas Drops Off a Month High Even as Long-Term Forecasts Warm

Natural gas dropped off a month high early Tuesday even as long-term forecasts see hotter weather on the way, adding cooling demand for the fuel.Gas for June delivery was last seen down $0.04 to US$2.83 per million British thermal units, after rising to the highest since April 7 a day earlier.The drop comes even as long-term forecasts from the National Weather Service expects the Southeast and states west of the Mississippi River with warmer than seasonal temperatures over its eight to 14 day outlook. However the big markets of the Northeast will be cooler than seasonal over the period.Supply remains robust. Last week's weekly inventory report from the Energy Information Administration showed stocks stood at 2.14-trillion cubic feet, 7.7% above the five-year average.

Natural Gas Moves Higher as Warm Long-Term Forecasts Look to Boost Cooling Demand

Natural gas edged higher early Monday as warming long-term forecasts offer the prospect of higher cooling demand.Gas for June delivery was last seen up $0.02 to US$2.80 per million British thermal units.Long-term forecasts from the National Weather Service expect all states west of the Mississippi River to see warmer than seasonal temperatures over its eight to 14 day outlook, boosting the call on gas-fired generation to power air conditioning.Still, supply remains robust. Last week's weekly inventory report from the Energy Information Administration showed stocks stood at 2.14-trillion cubic feet, 7.7% above the five-year average.

Natural Gas Rises Despite Mild Long-Term Forecasts

Natural gas prices were up early Friday to a three-week high despite mild long term forecasts and a day-prior report that showed inventories continued to rise last week.Gas for June delivery was last seen up $0.04 to US$2.81 per million British thermal units, the highest since April 7.The rise comes despite mild long-term forecasts, with the National Weather Service's six to 14 day outlook expecting most states east of the Rocky Mountains to see cooler than seasonal temperatures over the period, keeping cooling demand light.In its weekly report, the Energy Information Administration reported U.S. inventories of the fuel rose by 79-billion cubic feet last week, in line with expectations and leaving stocks at 2.14-trillion cubic feet, 7.7% above the five-year average.

Natural Gas Steady Ahead of Storage Data as Forecasts See Mild Weather Continuing for Eastern Markets

Natural gas was steady early on Thursday ahead of fresh storage data even as long-term forecasts expect mild weather that will keep demand light.Gas for June delivery was last seen unchanged at US$2.65 per million British thermal units.Long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to see cooler than seasonal temperatures over its six to 14 day outlook, keeping cooling demand light.The Energy Information Administration will release its weekly look at inventories of the fuel, with Celsius Energy expecting the agency to report an 85-billion cubic feet rise in stocks. The agency last week reported reported inventories ended the prior week at 2.06-trillion cubic feet, 7.1% above the five-year average.

Natural Gas Falls as Mild Weather Checks Demand

Natural gas traded lower early Wednesday as mild temperatures continue to check cooling demand.Gas for June delivery was last seen down $0.05 to US$2.64 per million British thermal units.The drop comes as cool forecasts keep demand for electricity to power air conditions low, checking the call on supply from generators.Long-term forecasts from the National Weather Service offer little hope for a jump in demand, with the agency's sox to 14 day forecast expecting nearly all states east of the Rocky Mountains to have cooler than seasonal weather over the period.