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Natural gas futures (NYSEARCA: UNG ) continued their recent free-fall , with the February contract closing -5.4% to $1.895/MMBtu for the lowest settlement since March 2016, as warmer than normal weather is expected to cover nearly all of the U.S. over the next 6-10 and 8-14 days, accord...
The most recent low in the natural gas futures market came on January 17, when the price fell to $1.994 per MMBtu. In August 2019, the price of the energy commodity declined to a low of $2.029, which stood as the previous level of critical technical support. The price of the nearby February ...
Ample U.S. supplies and forecasts for milder weather conditions sent natural gas prices (NYSEARCA: UNG ) to their lowest in more than three and a half years . More news on: The United States Natural Gas ETF, LP, Range Resources Corporation, Gulfport Energy Corporation, Energy stocks news,...
This report covers the week ending January 17, 2020. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 805 bcf for the week ending January 17 (down 2.3% w-o-w (week over week) and down 3.3% y-o-y (year over year)). The de...
Natural gas can be one of the world's most volatile commodities that trade on the futures exchange. Since the New York Mercantile Exchange introduced futures on the combustible commodity in 1990, the price has traded as low as $1.02 and as high as $15.65 per MMBtu. The last time natural gas tr...
Welcome to the still trending colder edition of Natural Gas Daily! Housekeeping item first. For the week ending 1/10, we have -95 Bcf. This compares to -81 Bcf last year and -180 Bcf for the 5-year average. EOS is 1.69 Tcf at the moment. Price Sell-Off On Temporary Warm Spell Is An O...
The Weather Last week Last week (ending January 10), the number of heating degree days (HDDs) increased by 9.7% w-o-w (from 145 to 159). Cooling demand remained too weak to have a meaningful impact on natural gas consumption. Despite higher HDDs, we estimate that total energy demand (as ...
Attorneys general from 16 states have come out against a Trump administration proposal to ship liquefied natural gas (NYSEARCA: UNG ) by rail, arguing that potential leaks from the shipments pose risks of explosions. More news on: The United States Natural Gas ETF, LP, New Fortress Energ...
EQT Corp. (NYSE: EQT ) says it expects to incur a Q4 impairment charge of $1.4B-$1.8B on the value of its assets, as natural gas prices slump to their lowest levels in a generation. More news on: EQT Corporation, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas E...
Welcome to the cold blast edition of Natural Gas Daily! In winter gas trading, the algos pay more attention to heating demand changes while the physical gas traders pay more attention to the trend change in the weather models. And in the latest update in particular, ECMWF-EPS gained ~10 ...