FINWIRES · TerminalFinancial News · Live TerminalLIVE

$NGN6

21 stories mentioning NGN6Updated 35d ago

Every FINWIRES story that references NGN6, newest first.

Natural Gas Rises to Near Five-Month High as Hot Weather Forecasts Boost Demand

Natural gas traded near a five-month high early Friday as hot long-term weather forecasts boosted expectations for cooling demand.Gas for July delivery was last seen up US$0.04, or 1.1%, to US$3.38 per million British thermal units, the highest since Feb. 6.Long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to see higher than seasonal temperatures over its six to 10 day outlook, with the hottest temperatures coming for the big markets of the Upper Midwest, boosting air-conditioning demand.The rise comes a day after the Energy Information Administration reported that inventories of the fuel increased by 76 billion cubic feet last week. The build lifted inventories to 2.84 trillion cubic feet, 5.7% above the five-year average.

Natural Gas Hits Three-Week High Ahead of U.S. Storage Data

Natural gas rose to a three-week high early Thursday ahead of fresh storage data as long-range forecasts pointed to hotter-than-normal weather across major eastern U.S. markets.Natural gas for July delivery was last seen up 2.2% at US$3.29 per million British thermal units, the highest level since June 4.The gains came as the National Weather Service's six- to 14-day outlook forecast above-normal temperatures across most areas east of the Rocky Mountains, supporting cooling demand and air-conditioning use.The Energy Information Administration will release its weekly report on inventories of the fuel, with a lower than average rise in stocks expected."For the EIA report, survey averages suggest a build of +67-70 Bcf, slightly lighter than the 5-year average of +75 Bcf. It was near to cooler vs normal over most of the interior US, while hotter vs normal over the western US & East Coast. We expect a build of +71-72 Bcf," NatGasWeather wrote.

Natural Gas Rises as Forecasts See Hot Weather on the Way

Natural gas futures rose early on Wednesday as long-term forecast see hot weather coming for eastern states, boosting cooling demand.Gas for July delivery was last seen up US$0.02 to US$3.17 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service expect all states east of the Rocky Mountains to see hotter than seasonal temperatures over its six to 14 day outlook, with the hottest weather expected to be in big Midwest markets.The heat will offer a boost to electricity demand for air-conditioning. Still, stocks remain robust, with the Energy Information Administration last week reporting inventories of the fuel stood at 2.76-trillion cubic feet, 5.8% above the five-year average.

Natural Gas Rises as Hot Long-Term Forecasts Offer a Boost to Demand

Natural gas prices rose on Monday as long-term forecasts see hot weather coming for eastern states, offering a boost to cooling demand.Gas for July delivery was last seen up 1% to US$3.27 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to see hotter than seasonal weather over its six to 14 day outlook, offering a boost to demand for power on higher air-conditioning use.The rise comes even as supply remains robust. The Energy Information Administration on Thursday reported inventories of gas stored for winter use rose by 73-billion cubic feet, near expectations, leaving inventories at 2.76-trillion cubic feet, 5.8% above the five-year average.

Mining & Metals42d ago

Natural Gas Slips Despite Warmer Weather Forecasts

Natural gas prices edged lower early Friday despite forecasts calling for above-normal or seasonal temperatures across much of the United States, a trend expected to support air-conditioning demand.Natural gas for July delivery was last seen down $0.01, or 0.2%, at US$3.23 per million British thermal units.The decline came even as the National Weather Service's six- to 14-day outlook called for seasonal or warmer-than-normal temperatures across most of the country, supporting cooling demand and electricity consumption.Ample supplies continued to weigh on prices. The Energy Information Administration on Thursday reported inventories of gas stored for winter use rose by 73-billion cubic feet, near expectations, leaving inventories at 2.76-trillion cubic feet, 5.8% above the five-year average.

Natural Gas Edges Up Ahead of Storage Data as Long-Term Forecasts Warm

Natural gas edged higher early on Thursday ahead of fresh storage data as long-term forecasts expect most states to see seasonal or warmer temperatures, supporting cooling demand.Gas for July delivery was last seen up US$0.01 to US$3.16 per million British thermal units.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 report, there's a large range in survey averages but with the most notable at +74-76 Bcf but also with a couple over +80 Bcf. For the sample week, it was hotter than normal over most of the US besides the cooler Northwest. In addition, wind and solar generation was decently strong. We expect a build of +73 Bcf, in line with the 5-year average of +73 Bcf," NatGasWeather noted.

Natural Gas Falls as Mild Northern Temperature Limit Cooling Demand

Natural gas futures fell early on Wednesday as long-term forecasts expect mild weather is coming for big eastern markets.Gas for July delivery was last seen down US$0.05 to US$3.18 per million British thermal units.The drop comes as the National Weather Service's six to 10 day outlook expects cooler than seasonal temperatures for the Upper Midwest and Northeast, cutting into cooling demand."National demand will be light the next 9-days due to comfortable temperatures across much of the northern US w/highs of 70s-80s," NatGasWeather noted.

Natural Gas Edges Up Despite Cool Long-Term Forecasts

Natural gas futures edged higher early Tuesday even as long-term forecasts expect cooler weather is on the way for big eastern markets, cutting into cooling demand.Gas for July delivery was last seen up $0.01 to US$3.16 per million British thermal units.Long-term forecasts from the National Weather Service expect temperatures in the Northeast and Upper Midwest to be cooler than seasonal over its six to 14 day forecast, easing demand for air conditioning."After bouncing away from support yesterday we are seeing some potential shorts trying to cover but with resistance at $3.18 we are likely limited on how far we can push with such bearish weather on the maps," Gary Cunningham, Director of Market Research at Tradition Energy wrote.

Natural Gas Falls on Mild Long-Term Forecasts

Natural gas prices fell for a second session early Monday as long-term forecasts expect cooler than seasonal weather is on the way for big eastern markets.Gas for July delivery was last seen down $0.05 to US$3.07 per million British thermal units.The drop comes as 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 10 day forecasts, cutting into cooling demand."Bearish weather for the next two weeks have trimmed back power sector demand projections from where they were last week. Some models are showing daily power demands for gas falling by nearly 20% compared to Friday," Gary Cunningham, Director of Market Research at Tradition Energy wrote.Supply remains robust. In its weekly survey, the Energy Information Administration last week reported stocks of fuel rose by 108-billion cubic feet, leaving inventories at 2.69-trillion cubic feet, 6% above the five-year average.

Natural Gas Moves Higher Despite Mild Forecasts for Big Markets

Natural gas price rose early on Friday despite mild forecasts for the big markets on the Northeast and Upper Midwest and a day-prior report showing a larger than expected rise in inventories of the fuel.Gas for July delivery was last seen up US$0.03 to US$3.11 per million British thermal units.The rise comes even as long-term forecasts from the National Weather Service expect temperatures in the Northeast and Upper Midwest to be cooler than seasonal over its six to 10 day outlook, easing demand for air conditioning.In its weekly survey of stocks of the fuel, the Energy Information Administration on Thursday said inventories last week rose by 108-billion cubic feet of the fuel, above the consensus estimate for a rise of 100-bcf, according to NatGasWeather. The rise left inventories at 2.69-trillion cubic feet, 6% above the five-year average.

Natural Gas Falls Ahead of Storage Data on Mild Long-Term Forecasts

Natural gas prices fall early on Thursday ahead of fresh storage data as long-term forecasts expect mild weather for most states.Gas for July delivery was last seen down US$0.05 to US$3.13 per million British thermal units.The drop comes as the National Weather Service's six to 10 day forecast expects nearly all states east of the Rocky Mountains to see seasonal or cooler temperatures over period, keeping cooling demand light.The Energy Information Administration will release its weekly look at inventories of the fuel later on Thursday morning, with another sizable rise in stocks expected."For today's EIA weekly storage report, survey averages are tightly clustered at +99-101 Bcf, slightly larger than the 5-year average of +95 Bcf. For the sample week, it was hotter than normal across much of the western and central US, while cooler than normal across the East. We expect a fat build of +103 Bcf, aided by strong solar generation," NatGasWeather wrote.

Equities51d ago

Natural Gas Rises Despite Cool Long-Term Forecasts

Natural gas traded higher early on Wednesday rising after three days of losses even as long-term forecasts expect mild weather on the way for most states, easing cooling demand.Gas for July delivery was last seen up US$0.09 to US$3.23 per million British thermal units.The rise comes even as long-term forecasts from the National Weather Service expect most states to see seasonal or cooler temperatures over the next six to 14 days, easing the call on power for air conditioning.Supply remains robust, with the Energy Information Administration last week reporting stocks of the fuel stocks of the fuel ended the prior week at 2.58-trillion cubic feet, 5.7% above the five-year average.

Natural Gas Trading Higher Despite Cool Long-Term Forecasts

Natural gas futures rose early on Tuesday even as long-term forecasts cool.Gas for July delivery was last seen up US$0.03 to US$3.18 per million British thermal units.The rise comes even as the National Weather Service's six to 10 day forecast sees most states east of the Rocky Mountains to see cooler than seasonal temperatures over the period, cutting into cooling demand.Supply remains robust, with the Energy Information Administration last week reporting stocks of the fuel stocks of the fuel ended the prior week at 2.58-trillion cubic feet, 5.7% above the five-year average.

Natural Gas Prices Fall Again on Mild Long-Term Forecasts

Natural gas traded lower for a second day early on Monday as mild long-term forecasts look to cut into cooling demand.Gas for July delivery was last seen down US$0.10 to US$3.13 per million British thermal units.The drop comes as the National Weather Service's eight to 14 day forecast expects most states between the Rocky Mountains and the Mississippi River to see cooler than seasonal temperatures over the period, lowering demand for air conditioning.Supply remains robust, with the Energy Information Administration last week reporting stocks of the fuel stocks of the fuel ended the prior week at 2.58-trillion cubic feet, 5.7% above the five-year average.

Natural Gas Falls Off a Four-Month Higher Despite Hot Long-Term Forecasts

Natural gas fell off a four-month high early on Friday, even as long-term forecasts expect hot weather on the way for most states, boosting cooling demand.Gas for July delivery was last seen down US$0.03 to US$3.31 per million British thermal units, after rising to the highest since Feb.6 a day earlier.Long-term forecasts from the National Weather Service expect nearly all states to see hotter than seasonal temperatures in its eight to 14 day forecast, raising the call on gas-fired power for air conditioning.Still, inventories of the fuel remain robust. In its weekly survey released on Thursday, the Energy Information Administration reported gas stocks rose by 95-billion cubic feet last week to 2.58-trillion cubic feet, 5.7% above the five-year average.

Natural Gas Trading at a Four-Month High as Forecasts See Hot Weather on the Way

Natural gas traded at a four-month high early Thursday ahead of fresh storage data as forecasts see hot weather on the way, boosting cooling demand.Gas for July delivery was last seen up $0.10 to US$3.31 per million British thermal units, the highest since Feb.6.The rise comes as long-term forecasts from the National Weather Service expect all states to see hotter than seasonal weather over its eight to 14 day outlook."Natural gas markets are finding renewed strength in weather outlooks that have above normal temperatures for most of the contiguous 48 extending over the next several weeks. Those temperatures are expected to add to power sector gas demands and firm up the fundamentals for the remainder of summer. The first test could come tomorrow and into the weekend where the northeast will see the mercury climb through 90 again," Gary Cunningham, Director Market Research at Tradition Energy, wrote.The Energy Information Administration will release its weekly survey of inventories of the fuel later on Thursday morning, with Celsius Energy expecting the agency to report stocks rose by 102-billion cubic feet, near the five-year average for the week.

Natural Gas Edges Down Even as Forecasts See Hot Weather on the Way

Natural gas edged lower early Wednesday, dropping for a third-straight day even as forecasts expect most states to see hotter than normal temperatures, boosting cooling demand.Gas for July delivery was last seen down $0.01 to US$3.16 per million British thermal units.The drop comes despite long-term forecasts from the National Weather Service that expect all states to see seasonal or hotter weather over its six to 10 day outlook, with hotter than usual temperatures in the big markets of the Upper Midwest and Northeast.The hot weather is likely to boost the call on gas-powered generation for air conditioning, though inventories of the fuel remain robust. In its weekly survey, the Energy Information Administration last week said stocks of the fuel stood at 2.48-trillion cubic feet, 6.2% higher than the five-year average.

Natural Gas Prices Fall Again Even as Forecasts See Hot Weather Coming for Most States

Natural gas prices weakened for a second day on Tuesday even as forecasts see hot weather on the way for most states, boosting cooling demand.Gas for July delivery was last seen down US$0.06 to US$3.12 per million British thermal units, continuing to ease off the four-month highs touched last week.The drop comes even as long-term forecasts from the National Weather Service expect nearly all states to be warmer than seasonal over its six to 14 day outlook, raising demand for gas-fired power for air conditioning.Still, the price of the fuel looks to be now trading within technical ranges following last week's rally."There is fundamental support for Jul/Aug gas at about $3.15 so look for the market to remain in the $3.10 to $3.20 range with some upside risk should we see more heat develop for the second half of June," Gary Cunningham, Director of Market Research at Tradition Energy, wrote.

Natural Gas Falls Off a Four-Month High Even as Hot Forecasts Offer a Demand Boost

Natural gas prices fell off a four-month high early Monday as long-term forecasts see hot weather on the way, but supply is robust.Gas for July delivery was last seen down $0.07 to US$3.22 per million British thermal units, after rising to the highest since Feb.5 on Friday.The drop comes as long-term forecasts from the National Weather Service expect all states to see hotter than seasonal temperatures over its eight to 14 day forecast, offering a boost to cooling demand.However supply remains robust, with the Energy Information Administration last week reporting stocks of the fuel stood at 2.48-trillion cubic feet, 6.2% above the five-year average.

Natural Gas Rises to a Near Four-Month High on as Forecasts See Hot Weather on the Way

Natural gas rose for a third-straight session early Friday, rising to a near four-month high as warming long-term forecasts look to boost cooling demand for the fuel.Gas for July delivery was last seen up $0.09 to US$3.38 per million British thermal units, the highest since early Feb.6.The rise comes as long-term forecasts from the National Weather Service expect most states to have warmer than seasonal temperatures over its six to 14 day forecast, though the Southeast states will see seasonal temperatures over the period.In its weekly survey, the Energy Information Administration on Thursday said stocks of the fuel rose by 92-billion cubic feet, within expectations, leaving inventories at 2.48-trillion cubic feet, 6.2% above the five-year average.

Showing 1-20 of 21

Track with the FINWIRES app suite

Track NGN6 in your portfolio

Analyze NGN6 options with the wheel strategy

See market sentiment on NGN6