Natural Gas Oct '19 (NGV19)
Natural Gas Futures Market News and Commentary
June Nymex natural gas (NGM26) on Tuesday closed down -0.013 (-0.45%).
Nat-gas prices on Tuesday fell to a 1-week low and settled lower amid forecasts of below-normal US weather, which will curb nat-gas demand from electricity providers to power air-conditioning. Â The Commodity Weather Group said Tuesday that forecasts shifted cooler, with below-average temperatures expected across the eastern half of the US from May 31 to June 4. Â
Nat-gas prices recovered some of their losses on Tuesday amid signs of strength in US LNG exports. Â Short covering emerged in nat-gas futures on Tuesday on signs that stronger exports are eating into domestic nat-gas stockpiles after gas flows to LNG export terminals jumped +8.8% w/w. Â
Projections for higher US nat-gas production are negative for prices. Â On May 12, the EIA raised its forecast for 2026 US dry nat-gas production to 110.61 bcf/day from an April estimate of 109.60 bcf/day. Â US nat-gas production is currently near a record... Read more
Barchart · 44 minutes ago
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June Nymex natural gas (NGM26 ) on Tuesday closed down -0.013 (-0.45%). Nat-gas prices on Tuesday fell to a 1-week low and settled lower amid forecasts...
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