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14 stories mentioning NGQ6Updated 21d ago

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Sectors

Natural Gas Rises Ahead of Storage Report as Hot Weather Adds Cooling Demand

Natural gas traded higher early on Thursday ahead of fresh storage data as hot weather in most of the United States keeps cooling demand high.Gas for August delivery was last seen up $0.06, or 1.9%, to $2.98 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service see most states with hotter than seasonal temperatures over its six to 10 day outlook, raising cooling demand, though the big markets of the Northeast and Upper Midwest will be cooler than seasonal over the period.The Energy Information Administration will release its weekly report on stored gas supplies, Celsius Energy is expecting the agency to report stocks stored for winter use rose by 36-billion cubic feet last week, the second-largest build for the week in five years.

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Sectors

Natural Gas Rises as Hot Forecasts Look to Support Cooling Demand

Natural gas futures rose early on Wednesday as hot forecasts look to keep cooling demand high.Gas for August delivery was last seen up $0.04, or 1.5%, to $2.91 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service expect nearly all states to be hotter than seasonal over its six to 14 outlook, keeping heating demand high.Still, supply remains robust. The Energy Information Administration last week reported US stocks of the fuel stood at 3.021-trillion cubic feet, 6.4% above the five-year average.

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Sectors

Natural Gas Edges Up as Heat Continues for Most States

Natural gas edged higher early Tuesday as hot weather across much of the US boosted cooling demand.Gas for August delivery was last seen up $0.01 at $2.87 per million British thermal units.The gain came as the National Weather Service's six- to 10-day outlook forecast above-normal temperatures across most of the US, although the Upper Midwest and Northeast are expected to see seasonal or cooler conditions over the period.Still, supply remains robust. The Energy Information Administration last week reported stocks of the fuel stood at 3.02-trillion cubic feet, 6.4% higher than the five-year average.

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Sectors

Natural Gas Edges Down Despite Hot Temperatures for Much of US

Natural gas edged down early on Monday as forecasts see heat continuing for much of the U.S., though the big markets of the northeast will see cooler than seasonal weather.Gas for August delivery was last seen down $0.02 to $2.89 per million British thermal units.Long-term forecasts from the National Weather Service expects most states to see hotter than seasonal temperatures over its six to 10 day outlook, though the northeast states will see seasonal or cooler weather over the period.However supply remains robust. The Energy Information Administration last week reported stocks of the fuel stood at 3.02-trillion cubic feet, 6.4% higher than the five-year average.

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Sectors

Natural Gas Rises Ahead of Fresh Storage Data Despite Mild Long-Term Forecasts

Natural gas prices rose early on Thursday ahead of fresh storage data despite cooling long-term forecasts.Gas for August delivery was last seen up $0.03 or 0.9%, to $2.95 per million British thermal units.Gas has remained under $3 for five sessions as traders look to cooling long-term forecasts despite recent heat for most states. The U.S. National Weather Service expects most northern states to see seasonal or cooler temperatures over its six to 10 day outlook, cutting into cooling demand.The Energy Information Administration will release its weekly survey of inventories of the fuel later on Thursday morning. Celsius Energy expects the agency to report stocks rose by 37 billion cubic feet last week, which would be the second-smallest build in the last five years.

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Sectors

Natural Gas Falls on Cooler Long-Term Forecasts

Natural gas prices fell early Wednesday as cooler long-term forecasts reduced expectations for cooling demand.Gas for August delivery was last seen down $0.03 at $2.88 per million British thermal units.The decline came as long-term forecasts from the National Weather Service expect seasonal or cooler-than-normal temperatures across most states in the northeastern US over its six-to-14-day outlook, curbing air-conditioning demand.Still, supply remains robust. In its weekly survey, the Energy Information Administration said stocks of the fuel rose by 61 billion cubic feet in the prior week, above forecasts from forecaster NatGasWeather for an increase of up to 54 billion cubic feet. The report said inventories ended the week at 2.98 trillion cubic feet, 6.6% above the five-year average. The agency will release fresh storage data tomorrow.

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Sectors

Natural Gas Trading at a Two-Month Low as Forecasts Expect Mild Weather for Big Northern Markets

Natural gas traded at a two-month low early on Tuesday, falling for a fifth straight session as long-term forecasts show cooler weather on the way for big northern markets.Gas for August delivery was last seen down $0.03 to $2.87 per million British thermal units, the lowest since May 12.The drop comes as the long-term forecast from the National Weather Service expects temperatures in the big markets of the upper Midwest and Northeast to be seasonal or cooler over its six to 10-day outlook, cutting into cooling demand.Supply remains robust. In its weekly survey Thursday, the Energy Information Administration said stock of the fuel in the prior week rose by 61 billion cubic feet, above expectations on forecaster NatGasWeather for a rise of up to 54 billion cubic feet. The report said inventories ended the week at 2.98 trillion cubic feet, 6.6% above the five-year average.

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Sectors

Natural Gas Falls to Seven-Week Low on Milder Long-Term Forecasts

Natural gas fell to a seven-week low early on Monday on cooling long-term forecasts.Gas for August delivery was last seen down $0.05, or 1.6%, to $2.89 per million British thermal units, the lowest since May 26.The drop comes as long-term forecasts from the National Weather Service expect temperatures in the big markets of the Northeast and Upper Midwest to be seasonal or cooler over its six to 10-day outlook, easing cooling demand.Supply remains robust. In its weekly survey Thursday, the Energy Information Administration said stock of the fuel in the prior week rose by 61 billion cubic feet, above expectations on forecaster NatGasWeather for a rise of up to 54 billion cubic feet. The report said inventories ended the week at 2.98 trillion cubic feet, 6.6% above the five-year average.

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Mining & Metals

Natural Gas Drops to Six-Week Low as Inventories Remain Robust

Natural gas traded at a six-week low early on Friday, falling for a third day despite hot forecasts after a day-prior report showed a higher-than-expected rise in inventories last week.Gas for August delivery was last seen down $0.05 to $2.96 per million British thermal units, the lowest since May 26.Long-term forecasts from the National Weather Service expect nearly all states to see hotter than seasonal temperatures over its six to 14 day outlook, supporting cooling demand.In its weekly survey released on Thursday, the Energy Information Administration said stock of the fuel last week rose by 61 billion cubic feet, above expectations on forecaster NatGasWeather for a rise of up to 54-billion cubic feet. The report said inventories ended the week at 2.98 trillion cubic feet, 6.6% above the five-year average.

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Sectors

Natural Gas Moves Lower Ahead of Fresh Storage Data Despite Hot Forecasts

Natural gas edged down early on Thursday ahead of fresh storage data as hot forecasts offer a boost to cooling demand.Gas for August delivery was last seen down $0.06, or 1.7%, to $3.16 per million British thermal units.The drop comes even as long-term forecasts from the National Weather Service expect most states to see hotter than seasonal temperatures over its six to 10 day outlook, though the big markets of the Northeast will be cooler than usual over the period.The Energy Information Administration will release its weekly look at inventories later on Thursday, with a lighter than usual build possible as a heat wave in eastern states boosted demand."Today's EIA report will be accounting for last week's heatwave that broke many high temperature records across the eastern 1/2 of the US," according to forecaster NatGasWeather. "However, wind energy generation was much stronger week over week to partially offset strong national demand. We expect a build of +43-44 Bcf versus the 5-year average of +51 Bcf and survey averages of +51-54 Bcf."

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Sectors

Natural Gas Rises as Heat Continues for Most States, Boosting Cooling Demand

Natural gas rose early on Wednesday as heat for most states is expected to continue for two weeks, boosting cooling demand.Gas for August delivery was last seen up $0.04, or 1.4%, to $3.31 per million British thermal units, the highest since June 25.Cooling demand remains high, with long-term forecasts from the National Weather Service expecting most states to see higher than seasonal temperatures over its eight to 14 day outlook, raising air-conditioning use.Demand for the fuel is expected to remain strong over the long term, with the Energy Information Administration on Tuesday saying it expects demand to rise to a record next year on rising power-sector use."We expect U.S. natural gas consumption in the electric power sector will set a record next year, driven largely by rising overall electricity demand, the expansion of the natural gas generating fleet, and relatively low natural gas prices," the agency said in its monthly Short-Term Energy Outlook. "Forecast natural gas demand across the economy rises slightly this year before increasing 3% in 2027."

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Sectors

Natural Gas Rises as Forecasts Expect Heat to Continue for Most States

Natural gas traded higher early on Friday as forecasts expect hot weather to continue for most states, keeping cooling demand high.Gas for August delivery was last seen up $0.05 to $3.25 per million British thermal units in electronic trade, with US markets closed ahead of Saturday's Independence Day holiday.The rise comes as long-term forecasts from the National Weather Service expect hot weather to continue, with nearly all states to see warmer than seasonal temperatures over its six to 14 day outlook, keeping air-conditioning demand high.The Energy Information Administration on Thursday released its weekly look at U.S. inventories of the fuel. The agency said gas stocks rose by a more than expected 87-billion cubic feet, leaving inventories at 2.92-trillion cubic feet, 6.4% above the five-year average.

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Sectors

Natural Gas Falls Ahead of US Storage Data Despite Hot Weather Forecasts

Natural gas prices fell ahead of fresh storage data even as hot weather continues to support cooling demand.Gas for August delivery was last seen down 1.7% to $3.17 per million British thermal units.The drop comes despite forecasts that expect hot weather to continue for most states, boosting electricity demand to power air conditioning. Long-term forecasts from the National Weather Service expect nearly all states to see hotter than seasonal temperatures over its six to 14 day outlook.The Energy Information Administration will release its weekly look at inventories of the fuel later on Thursday morning, with a larger than average rise in stocks expected."Survey averages are tightly clustered at +80-81 Bcf for today's EIA report versus the 5-year average of +64 Bcf. Temperatures for the sample week were cooler than normal over the eastern 2/3 of the US, while hotter than normal over the West. We expect a build of +81-82 Bcf," NatGas Weather said.

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Sectors

Natural Gas Falls Despite Hot Weather US Forecasts as Supply Stays High

Natural gas prices traded lower early on Monday despite forecasts that see hot weather on the way for most U.S. states.In its first day as the active contract, gas for August delivery was last seen down US$0.08 to US$3.20 per million British thermal units.The drop comes even as long-term forecasts from the National Weather Service expect all states to see hotter than seasonal temperatures over its eight-to-14 day outlook, boosting demand for electricity to power air conditioning.However supply remains robust, checking prices. The Energy Information Administration last week reported inventories of the fuel stood at 2.84-trillion cubic feet, 5.7% above the five-year average.

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