Articles tagged henry hub

Natural gas futures on Wednesday jumped on late-June forecasts turning hotter as bulls and bears traded control of market direction for a fourth session.

U.S. natural gas-fired power generation has gotten a demand boost from coal retirements over the past year, but those tailwinds are set to fade in the coming months as a wave of new renewables competes for share of the power stack.

As recent forecasts hinted at widespread summer heat developing later this month, natural gas futures advanced in early trading Wednesday. The July Nymex contract was up 5.7 cents to $2.643/MMBtu as of 8:42 a.m. ET.

Supported by comparatively light June supply readings, natural gas futures were probing modestly higher in early trading Tuesday. 

Natural gas futures pushed higher Monday, supported by the return of hot weather this week, a 12-week high in U.S. LNG exports and crimped supply in key South Central markets.

Natural gas futures rebounded sharply higher in early trading Monday as analysts pointed to supportive weekend production trends. After experiencing heavy selling pressure last week, the July Nymex contract was up 15.8 cents to $2.745/MMBtu as of 8:43 a.m. ET.

Weekly natural gas cash prices retreated with demand easing as extreme heat and volatile weather gave way to milder conditions. Futures pared earlier steep losses into the week’s end as supply and demand fundamentals shifted.

July Nymex natural gas futures were little changed Friday as the market continued to assess the potential impacts of shifts in weather and production.

As traders continued to weigh cooling demand potential against the prospect of domestic production climbing into the peak summer months, natural gas futures pared some recent losses midday Friday. Physical prices, meanwhile, mostly skidded lower on deals for weekend and Monday delivery.

As the market continued to mull a larger-than-expected inventory build and signs of returning production volumes, natural gas futures fell further in early trading Friday.