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Yahoo
7 days ago
- Business
- Yahoo
Nat-Gas Prices Sink on the Outlook for Cooler US Temps and Higher Gas Production
August Nymex natural gas (NGQ25) on Monday closed down -0.240 (-6.73%). Aug nat-gas prices plunged to a 1-week low Monday on the outlook for cooler US temperatures, which will curb nat-gas demand from electricity providers to provide increased air-conditioning usage. Forecaster Vaisala said forecasts shifted cooler in the West for July 26-30, and an active storm track could signal cooler risks in the Midwest and Northeast for July 31 to August 4. More News from Barchart Crude Oil Prices Pressured by Concerns of Oversupply Crude Oil Prices Slip on Concerns of a Mounting Global Oil Supply Glut Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Expectations for higher US nat-gas production are also weighing on nat-gas prices after last Friday's weekly report from Baker Hughes showed that the number of active US nat-gas drilling rigs in the week ending July 18 rose by +9 to a 17-month high of 117 rigs. Lower-48 state dry gas production on Monday was 107.4 bcf/day (+4.8% y/y), according to BNEF. Lower-48 state gas demand on Monday was 77.7 bcf/day (1.6% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Monday were 14.9 bcf/day (-4.9% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported last Wednesday that total US (lower-48) electricity output in the week ended July 12 rose +1.1% y/y to 98,133 GWh (gigawatt hours), and US electricity output in the 52-week period ending July 12 rose +2.4% y/y to 4,248,982 GWh. Last Thursday's weekly EIA report was slightly bearish for nat-gas prices since nat-gas inventories for the week ended July 11 rose +46 bcf, above the consensus of +45 bcf and the 5-year average of +41 bcf for the week. As of July 11, nat-gas inventories were down -4.9% y/y, but were +6.2% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of July 17, gas storage in Europe was 65% full, compared to the 5-year seasonal average of 73% full for this time of year. Baker Hughes reported last Friday that the number of active US nat-gas drilling rigs in the week ending July 18 rose by +9 to a 17-month high of 117 rigs. In the past ten months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
17-07-2025
- Business
- Yahoo
Nat-Gas Prices Erase Early Gains as Weekly EIA Inventories Build
August Nymex natural gas (NGQ25) on Thursday closed down -0.009 (-0.25%). Aug nat-gas prices on Thursday fell from a 2.5-week high and settled slightly lower after weekly EIA nat-gas supplies rose more than expected. The EIA reported that nat-gas inventories rose by +46 bcf in the week ended July 11, above expectations of +45 bcf. Nat-gas prices initially rallied on Thursday due to warmer US weather forecasts, which could boost nat-gas demand from electricity providers to meet increased air conditioning usage. Forecaster Vaisala said forecasts remain above normal for the July 22-26 period across the US, with highs in the mid-90s expected in the middle of the country and in the east for the second half of the period. More News from Barchart Nat-Gas Prices Continue Higher on Hot US Weather Forecasts Crude Oil Prices Fall Due to a Focus on Oil Surplus Crude Oil Prices Fall Due to a Focus on Oil Surplus Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Lower-48 state dry gas production on Thursday was 107.2 bcf/day (+4.3% y/y), according to BNEF. Lower-48 state gas demand on Thursday was 80 bcf/day (-1.6% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Thursday were 15.3 bcf/day (-2.2% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported Wednesday that total US (lower-48) electricity output in the week ended July 12 rose +1.1% y/y to 98,133 GWh (gigawatt hours), and US electricity output in the 52-week period ending July 12 rose +2.4% y/y to 4,248,982 GWh. Thursday's weekly EIA report was slightly bearish for nat-gas prices since nat-gas inventories for the week ended July 11 rose +46 bcf, above the consensus of +45 bcf and the 5-year average of +41 bcf for the week. As of July 11, nat-gas inventories were down -4.9% y/y, but were +6.2% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of July 15, gas storage in Europe was 63% full, compared to the 5-year seasonal average of 72% full for this time of year. Baker Hughes reported last Friday that the number of active US nat-gas drilling rigs in the week ending July 11 was unchanged at 108 rigs, slightly below the 15-month high of 114 rigs posted on June 6. In the past nine months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
15-07-2025
- Business
- Yahoo
Nat-Gas Prices Continue Higher on Hot US Weather Forecasts
August Nymex natural gas (NGQ25) on Tuesday closed up +0.057 (+1.64%), adding to Monday's gain of +4.59%. Aug nat-gas prices on Tuesday extended the 4-session rally and posted a new 1.5-week high. The main bullish factor was warmer US weather forecasts, which would boost nat-gas demand from electricity providers to meet increased air conditioning usage. Nat-gas prices were also supported on near-record LNG exports. Heightened Trade Tensions Weigh on Crude Oil Prices Crude Oil Prices Tumble as Trump Remains Patient with Putin Nat-Gas Prices Soar as US Weather Forecasts Heat Up Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! NatGasWeather said the 8-15 day forecast is for highs in the upper 80s to 100s in most of the US, especially California, the Southwest, and Texas. Lower-48 state dry gas production on Tuesday was 107.0 bcf/day (+3.0% y/y), according to BNEF. Lower-48 state gas demand on Tuesday was 79.5 bcf/day (-6.5% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Monday were 15.2 bcf/day (-1.0% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported last Wednesday that total US (lower-48) electricity output in the week ended July 5 rose +1.0% y/y to 93,747 GWh (gigawatt hours), and US electricity output in the 52-week period ending July 5 rose +2.4% y/y to 4,247,938 GWh. Last Thursday's weekly EIA report was bullish for nat-gas prices since nat-gas inventories for the week ended July 4 rose +53 bcf, below the consensus of +61 bcf and right on the 5-year average for the week. As of July 4, nat-gas inventories were down -6.0% y/y, but were +6.1% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of July 8, gas storage in Europe was 61% full, compared to the 5-year seasonal average of 71% full for this time of year. Baker Hughes reported last Friday that the number of active US nat-gas drilling rigs in the week ending July 11 was unchanged at 108 rigs, slightly below the 15-month high of 114 rigs posted on June 6. In the past nine months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-07-2025
- Business
- Yahoo
Nat-Gas Prices Close Lower Despite Warmer Weather Forecast
August Nymex natural gas (NGQ25) on Friday closed down -0.023 (-0.69%). Aug nat-gas prices on Friday gave up early strength and closed lower, remaining near the bottom of the 3-week sell-off. Nat-gas prices closed lower despite forecasts for warmer US weather and Thursday's bullish EIA report. Crude Prices Jump on Speculation About New US Sanctions on Russian Oil Exports Crude Prices Jump on Speculation President Trump Will Sanction Russian Energy Exports Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Atmospheric G2 shifted forecasts warmer for the Midwest and eastern US for July 16-20 but cooler for the West. Looking farther out for July 21-25, forecasts shifted slightly warmer for the eastern US and cooler for the West. Lower-48 state dry gas production on Friday was 106.6 bcf/day (+3.5% y/y), according to BNEF. Lower-48 state gas demand on Friday was 76.8 bcf/day (-7.1% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Friday were 15.8 bcf/day (+5.0% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported Wednesday that total US (lower-48) electricity output in the week ended July 5 rose +1.0% y/y to 93,747 GWh (gigawatt hours), and US electricity output in the 52-week period ending July 5 rose +2.4% y/y to 4,247,938 GWh. Thursday's weekly EIA report was bullish for nat-gas prices since nat-gas inventories for the week ended July 4 rose +53 bcf, below the consensus of +61 bcf and right on the 5-year average for the week. As of July 4, nat-gas inventories were down -6.0% y/y, but were +6.1% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of July 8, gas storage in Europe was 61% full, compared to the 5-year seasonal average of 71% full for this time of year. Baker Hughes reported Friday that the number of active US nat-gas drilling rigs in the week ending July 11 was unchanged at 108 rigs, slightly below the 15-month high of 114 rigs posted on June 6. In the past nine months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Nat-Gas Prices Recover as Hotter Temps Forecast for the Central US
August Nymex natural gas (NGQ25) on Monday closed up by +0.003 (+0.09%). Aug nat-gas prices on Monday recovered from a 6-week low and settled slightly higher as short covering emerged after updated weather forecasts called for above-normal temperatures in the central US, which will boost nat-gas demand from energy providers to power increased air-conditioning usage. Forecaster Vaidsala said temperatures shifted warmer for the middle of the country from July 17 to 21. Energy Demand Optimism and Houthi Rebel Attacks on Red Sea Shipping Boost Crude Prices Crude Prices Climb on Energy Demand Optimism and Middle East Tensions Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Nat-gas prices on Monday initially extended last Thursday's losses after the weekly EIA inventory report showed nat-gas supplies rose more than expected for the week ended June 27 and remained plentiful, at 6.2% above the 5-year average. Lower-48 state dry gas production on Monday was 106.2 bcf/day (+1.7% y/y), according to BNEF. Lower-48 state gas demand on Monday was 74.8 bcf/day (-3.6% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Monday were 14.9 bcf/day (+0.2% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported last Wednesday that total US (lower-48) electricity output in the week ended June 28 rose +3.2% y/y to 99,357 GWh (gigawatt hours), and US electricity output in the 52-week period ending June 28 rose +2.5% y/y to 4,246,983 GWh. Last Thursday's weekly EIA report was bearish for nat-gas prices since nat-gas inventories for the week ended June 27 rose +55 bcf, above the consensus of +49 bcf but below the 5-year average for the week of +61 bcf. As of June 27, nat-gas inventories were down -5.8% y/y, but were +6.2% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of July 5, gas storage in Europe was 60% full, compared to the 5-year seasonal average of 70% full for this time of year. Baker Hughes reported last Thursday that the number of active US nat-gas drilling rigs in the week ending July 4 fell by -1 to 108 rigs, slightly below the 15-month high of 114 rigs posted on June 6. In the past nine months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
