The Latest Breaking News from BNEF

Nat-Gas Prices Jump on Hot US Temps and Expectations of a Smaller Storage Build

September Nymex natural gas (NGU26 ) on Wednesday closed up +0.072 (+2.60%). Nat-gas prices rallied to a 1-month high on Wednesday and settled sharply higher. Forecasts for hot US weather that will boost nat-gas demand from electricity providers to power increased air-conditioning use pushed prices higher on Wednesday. The Commodity...

Barchart · Aug 26

Nat-Gas Prices Fall in Sympathy with Crude Oil

September Nymex natural gas (NGU26 ) on Tuesday closed down -0.012 (-0.43%). Nat-gas prices settled lower on Tuesday in sympathy with the -3% plunge in crude oil prices to a 1-week low. Losses in nat-gas were limited on Tuesday amid forecasts for hot US weather, potentially boosting nat-gas demand from...

Barchart · Aug 25

Nat-Gas Prices Supported by Hot US Weather

September Nymex natural gas (NGU26 ) on Monday closed up +0.009 (+0.32%). Nat-gas prices settled higher on Monday amid forecasts for record-high temperatures in West Texas this week to support nat-gas demand. The largest Texas electric grid, the Electric Reliability Council of Texas, forecast that peak power demand this week...

Barchart · Aug 24

Cooler US Weather Forecasts Weigh on Nat-Gas Prices

September Nymex natural gas (NGU26 ) on Monday closed down -0.043 (-1.57%). Nat-gas prices fell to a 1-week low on Monday and settled lower as US weather forecasts shifted cooler, potentially reducing demand from electricity providers to power air conditioning. The Commodity Weather Group said on Monday that the outlook...

Barchart · Aug 17

Nat-Gas Prices Move Higher on Warm US Forecasts

September Nymex natural gas (NGU26 ) on Friday closed up +0.006 (+0.22%). Nat-gas prices closed higher on Friday as forecasts indicated warm US weather in the final weeks of August, which would boost nat-gas demand from utilities to meet increased air-conditioning demand. Commodity Weather Group is forecasting above-normal temperatures across...

Barchart · Aug 14

Nat-Gas Prices Fall on Bearish EIA Report

September Nymex natural gas (NGU26 ) on Thursday closed down -0.077 (-2.75%). Nat-gas prices closed lower on Thursday due to a +36 bcf rise in nat-gas inventories in the weekly EIA report, larger than market expectations of +31 bcf. However, nat-gas prices remained underpinned by warm forecasts, which will boost...

Barchart · Aug 13

Nat-Gas Prices Close Higher on Warm Forecasts

September Nymex natural gas (NGU26 ) on Wednesday closed up +0.037 (+1.34%). Nat-gas prices closed higher on Wednesday as forecasts remain warm. Vaisala forecasts continued hotter-than-average temperatures for the Midwest and South for Aug 17-21, and above-normal temperatures for the West for Aug 22-26. On the bearish side, the US...

Barchart · Aug 12

Nat-Gas Prices Slip on the Outlook for Robust US Storage

September Nymex natural gas (NGU26 ) closed down -0.027 (-0.97%) on Tuesday. Nat-gas prices fell from a 2-week high on Tuesday and settled lower. Gas prices gave up early gains and turned lower on Tuesday after the US Energy Information Administration (EIA) projected US nat-gas storage levels to swell to...

Barchart · Aug 11

Nat-Gas Prices Surge on Hot US Weather Forecasts

September Nymex natural gas (NGU26 ) closed up +0.132 (+4.96%) on Monday. Nat-gas prices settled sharply higher on Monday on the outlook for much hotter US weather, potentially boosting nat-gas demand from electricity providers to power an expected increase in air conditioning use. The Commodity Weather Group said on Monday...

Barchart · Aug 10

Nat-Gas Prices Supported by Stronger US LNG Exports

September Nymex natural gas (NGU26 ) closed up +0.022 (+0.83%) on Friday. Nat-gas prices settled higher on Friday as stronger US nat-gas exports draw domestic supplies down. Estimated LNG net flows to US LNG export terminals on Friday were 18.6 bcf/day, the most in 4 weeks. Forecasts for warmer US...

Barchart · Aug 7