Jeremiah Shelor

Natural gas futures tested both sides of even in early trading Thursday as the market awaited the latest government inventory report, which was expected to show an injection roughly in line with historical norms. The June Nymex contract was trading at $2.205/MMBtu at around 8:40 a.m. ET, up 1.8 cents. July was up 0.8 cents…

Natural gas futures were lower through midday trading Wednesday, retreating sharply from early highs as the market continued to wrestle with a mixed fundamental outlook underscored by an enduring storage overhang. Here’s the latest: June Nymex futures down 2.4 cents to $2.183/MMBtu as of 2:11 p.m. ET; July off fractionally at $2.469 The rally that…

Spurred on by dipping production figures amid springtime pipeline maintenance, natural gas futures continued to find upward momentum in early trading Wednesday. With bulls aiming to send prices higher for a fifth consecutive session, June Nymex futures were up 5.4 cents to $2.261/MMBtu at around 8:45 a.m. ET. Domestic production totaled 95.1 Bcf/d in early…

Having posted sizable gains since late last week, natural gas futures were up a more modest amount through midday Tuesday; traders were left to mull a fundamental outlook headlined by falling supply estimates. Here’s the latest: June Nymex futures up 1.2 cents to $2.207/MMBtu as of 2 p.m. ET Front month up roughly 20 cents…

As Mountain Valley Pipeline LLC (MVP) seeks to conclude a protracted construction phase and enter service this month, the developer recently experienced a setback in Virginia when a section of pipe ruptured during hydrostatic testing. The incident, which occurred last Wednesday on the MVP mainline in Roanoke County, VA, saw water escape through the rupture;…

With falling supply amid springtime pipeline maintenance supporting the fundamental outlook for natural gas, futures added to their recent gains in early trading Tuesday. The June Nymex contract was up 1.7 cents to $2.212/MMBtu at around 8:30 a.m. ET. July was up 1.2 cents to $2.475.  Daily production declined sharply in updated estimates on Tuesday…

With recent developments supporting the summer export demand outlook, natural gas futures were headed for a third straight daily gain through midday trading Monday. Here’s the latest: June Nymex futures at $2.206/MMBtu, up 6.4 cents, as of 2:17 p.m. ET Nymex natural gas speculators increased their collective net short position during the week ended April…

With flows to the Freeport LNG terminal ramping up in recent days, strengthening the demand outlook as summer approaches, natural gas futures continued to climb in early trading Monday. After rallying 10.7 cents on Friday, the June Nymex contract was up another 5.8 cents to $2.200/MMBtu at around 8:40 a.m. ET. Updated Wood Mackenzie pipeline…

Amid continued downward pressure from excess storage inventories, and with cooling demand yet to ramp up in earnest, regional natural gas forwards drifted lower during the April 25-May 1 trading period, according to NGI’s Forward Look. June fixed prices at Henry Hub exited the period at $1.939/MMBtu, down 4.6 cents week/week. In line with the…