Natural Gas Sep '26 (NGU26)
Natural Gas Futures Market News and Commentary
August Nymex natural gas (NGQ26) on Tuesday closed up +0.020 (+0.62%).
Nat-gas prices pushed higher on Tuesday amid carryover support from a rally in European nat-gas prices to a 3-week high after a Qatari LNG gas carrier was attacked in the Strait of Hormuz. If European countries are unable to secure LNG supplies due to attacks on shipping in the Persian Gulf, they may seek additional US supplies, lowering US storage levels. Europe’s restocking season is underway, but its storage facilities are only about 50% full, well below the 65% seasonal average.
A bearish factor for nat-gas prices in the medium term is speculation that a powerful El Niño weather system will bring warmer-than-normal temperatures to the Northern Hemisphere this fall and winter, reducing nat-gas heating demand.Â
US (lower-48) dry gas production on Tuesday was 110.2 bcf/day (+1.7% y/y), according to BNEF. Lower-48 state gas demand on Tuesday was 75.3 bcf/day (-4.0% y/y), according to BNEF. Est... Read more
Barchart · Tue Jul 7, 2:21PM CDT
August WTI crude oil (CLQ26 ) on Tuesday closed up +1.89 (+2.76%), and August RBOB gasoline (RBQ26 ) closed down -0.0494 (-1.64%). Crude oil and gasoline...
Barchart · Tue Jul 7, 2:20PM CDT
August Nymex natural gas (NGQ26 ) on Tuesday closed up +0.020 (+0.62%). Nat-gas prices pushed higher on Tuesday amid carryover support from a rally in...
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Barchart · Mon Jul 6, 2:13PM CDT
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