Articles tagged El Paso

August natural gas futures were selling off through midday Monday ahead of their expiry at the end of the day, matching a similar decline in Henry Hub cash markets.

Weekly natural gas cash prices drifted lower despite sizzling summer temperatures across much of the Lower 48 and maintenance work in the Permian Basin that temporarily lowered production below the century mark.

Natural gas futures bounced off seasonal lows on Tuesday, advancing for only the third time this month amid lighter production readings, bullish storage expectations and signs of new activity at a key export facility following damage caused by former Hurricane Beryl.

Optimism around the restart of the Freeport LNG terminal had natural gas markets moving higher in choppy trade through midday Tuesday.

Natural gas futures forged ahead on Friday, building on the strong gains of the prior session as production held at lighter levels and forecasters continued to call for a hot summer ahead.

Natural gas futures on Thursday snapped a two-day losing streak, bolstered by a bullish storage print, lower production and forecasts for strong summer heat.

Facing bearish headwinds from mild weather, weak physical market pricing and stubbornly elevated storage inventories, natural gas futures were retreating through midday trading Wednesday. 

With excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show.

With excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show.

More operational wobbles at the Freeport LNG terminal and worries of an expected bearish government storage print Thursday triggered another bout of selling in natural gas futures Wednesday.