Jeremiah Shelor

Front month natural gas futures were charting new highs Friday as bulls aimed to make it a third consecutive positive session. In the spot market, meanwhile, deals for weekend and Monday delivery were mostly drifting lower. Here’s the latest: June Nymex futures up 11.4 cents to $2.609/MMBtu as of 2:06 p.m. ET “Reasons for gains…

Bulls remained in control in natural gas futures trading early Friday as recent inventory data pointed to tight underlying balances heading into the peak summer months. The June Nymex contract was up 4.9 cents to $2.544/MMBtu as of 8:36 a.m. ET. July was up 3.6 cents to $2.723. The U.S. Energy Information Administration (EIA) on…

Natural gas forwards rallied during the May 9-15 trading period as the market keyed in on the upside potential of summer power burns. Front month fixed prices at Henry Hub climbed 22.8 cents to finish the period at $2.422/MMBtu, Forward Look data show.  Interestingly, near-month basis differentials weakened at numerous other Lower 48 trading points…

The rally continued for natural gas futures through midday Thursday as a leaner-than-expected weekly inventory injection kept bulls on the offensive.  Here’s the latest: June Nymex futures up 6.6 cents to $2.482/MMBtu at around 2:20 p.m. ET U.S. Energy Information Administration’s (EIA) reported storage injection misses bullish at 70 Bcf Lower 48 surplus to five-year…

As traders prepared to digest updated government inventory data, expected to show surpluses trending lower week/week, natural gas futures advanced early Thursday. The June Nymex contract was up 3.0 cents to $2.446/MMBtu at around 8:40 a.m. ET. July was up 2.8 cents to $2.659. Ahead of the U.S. Energy Information Administration’s (EIA) 10:30 a.m. ET…

The promise of summer cooling demand atop tighter underlying fundamentals continued to stir bullish optimism in Wednesday’s natural gas futures trading. Meanwhile, physical prices at a Southern California hub were rebounding from an early-week plunge. Here’s the latest: June Nymex futures up 5.9 cents to $2.403/MMBtu as of 2:04 p.m. ET Storage surpluses seen narrowing…

Pushing back against concerns raised by project opponents, Mountain Valley Pipeline LLC (MVP) said its handling of a recent failed pressure test demonstrates that safety protocols are working as intended. In a letter filed with FERC late last week, Todd L. Normane, senior vice president for MVP backer Equitrans Midstream Corp. and legal counsel for…

With forecast heat over the southern Lower 48 hinting at more robust summer cooling demand to come, and with production still down, natural gas futures advanced in early trading Wednesday. The June Nymex contract was up 4.4 cents to $2.388/MMBtu at around 8:35 a.m. ET. July was up 4.4 cents to $2.603. Production readings from…

Having rallied sharply month-to-date, natural gas futures eased lower through midday trading Tuesday as maintenance dinged daily export demand in updated estimates. West Texas physical prices, meanwhile, were climbing out of the negatives. Here’s the latest: June Nymex futures off 3.0 cents to $2.351/MMBtu as of 2:22 p.m. ET NatGasWeather on Tuesday attributed the slide…