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Wall Street Journal
02-07-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Rise on Demand Expectations
1528 ET – U.S. natural gas futures end the day and the week higher. Prospects of strong summer demand outweigh this week's large storage build and decline in LNG exports due to maintenance at several terminals. 'To the bullish side is a hotter than normal pattern still forecast for the second half of June and with expectations July will be much hotter than normal as well,' says in a note. 'There's also the expectation the balance will tighten in the coming quarters, aided by additional LNG capacity coming online,' the forecaster adds. Nymex natural gas settles up 2.9% at $3.784/mmBtu, and is up 9.8% from a week ago. ( 0922 ET – U.S. natural gas futures are on track for solid weekly gains with traders looking to summer heat and LNG to lift demand. This week's advance is 'despite mild weather, a bearish EIA report, extended LNG maintenance and higher production readings,' Eli Rubin of EBW Analytics notes. The long-term market narrative is bullish, although increasing near-term storage surpluses may dampen upside potential in the fall, he says. Nymex natural gas is up 0.8% at $3.707/mmBtu. (
Wall Street Journal
02-07-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Recover Some Ground
0941 ET – U.S. natural gas futures pick up after falling the previous two sessions on cooler temperature outlooks that could limit summer demand. Repricing continues after last week's heat wave failed to lift Henry Hub spot prices above $3.51, Eli Rubin of EBW Analytics says in a note. 'Still, it remains too early to call the end of summer before the 4th of July,' he says, noting LNG feedgas flows well above the June average and the likelihood of another heat wave 'at some point this summer.' Nymex natural gas is up 2.2% at $3.489/mmBtu. (
Wall Street Journal
26-06-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Fall Awaiting Hotter Weather
1504 ET – Natural gas futures end the day and the week lower as inventories continue to build amid low seasonal weather-driven demand. National demand is likely to be light over coming days, with regional strength in the West and parts of Texas, says in a note. Longer-range forecasts show heat building across the U.S. in the second half of June for strong national demand, the forecastser adds. 'If it doesn't and cooler trends show up, it very likely will be met with disappointment.' Nymex gas for July delivery settles down 2.1% at $3.447/mmBtu for a 7.5% weekly loss. ( 1007 ET – U.S. natural gas futures are down for a third straight session as low weather-driven demand looks set to last into the first days of June while LNG feedgas flows ease and production edges up. The EIA this week reported a fifth straight triple-digit increase in inventories, and further large builds are expected before higher temperatures set in to lift demand. 'As the market sees this inflection point begin to arrive-likely alongside hotter weather forecasts-Nymex gas futures may mark a bottom and pivot higher,' Eli Rubin of EBW Analytics says in a note. Nymex natural gas is down 0.8% at $3.493/mmBtu. (
Wall Street Journal
11-06-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Gain in Rangebound Trade
0942 ET – U.S. natural gas futures pick up after two days of declines, continuing to trade in a range as the market looks for an increase in demand to counter recent weakness. EBW Analytics sees June as a likely turning point 'from a historically loose spring supply/demand balance into a structurally tight summer,' Eli Rubin says in a note. 'While bullish catalysts have been slow to emerge, the big picture may be slowly grinding higher.' Nymex natural gas is up 1.9% at $3.601/mmBtu. (
Wall Street Journal
28-05-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Jumpy As June Expires
0936 ET – U.S. natural gas futures turn lower in volatile trade as the June contract approaches final settlement. Daily cooling remains subdued later this week but is on pace to pick up dramatically after that, Eli Rubin of EBW Analytics says in a note. 'As July becomes the Nymex front-month, firmer mid-summer fundamentals may align with bullish technicals to increase chances for pricing upside,' he says. Still, the likelihood of weak spot prices into early June 'offers bulls caution.' The June contract is off 1.1% at $3.361/mmBtu and gas for July delivery is down 1.2% at $3.698/mmBtu. (
