Midstream

June Natural Gas Pulling Back as Rally Paused for Now — MidDay Market Snapshot

This post was originally published on this siteHaving rallied sharply month-to-date, natural gas futures eased lower through midday trading Tuesday as maintenance dinged daily export demand in updated estimates. West Texas physical prices, meanwhile, were climbing out of the negatives. Here’s the latest: June Nymex futures off 3.0 cents to $2.351/MMBtu as of 2:22 p.m.

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Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs

This post was originally published on this siteNorth American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according

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Technicals Suggest Natural Gas Futures’ Sustained Rally Could Be Hard Won

This post was originally published on this siteA durable run higher for natural gas futures could take longer as technical indicators suggest bullish strength butting against fundamental pressures. June natural gas futures on the New York Mercantile Exchange (Nymex) slipped 4.9 cents Friday (May 10) to settle at $2.252/MMBtu. On Monday, the prompt-month contract renewed

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Natural Gas Output from Appalachia, Haynesville Seen Falling Further into Early Summer

This post was originally published on this siteCombined natural gas production from seven key Lower 48 plays is expected to ease lower in June, with declines from gas-weighted plays continuing to offset increasing associated output from the Permian Basin, according to updated projections from the U.S. Energy Information Administration (EIA). In its latest Drilling Productivity

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