Latest news with #EliRubin
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
U.S. Natural Gas Futures Post Weekly Gains
1514 ET – U.S. natural gas futures settle higher and register their first weekly increase in four weeks with weather heating up and slowing the pace of inventory builds. National demand is expected to increase to 'very strong levels' by the middle of next week and into the following week, 'as highs of upper 80s to 100s rules most of the U.S.,' says in a note. 'The focus remains on if front month contracts hold above $3.50.' Nymex natural gas settles up 0.6% at $3.565/mmBtu, up 7.6% from a week ago. ( 0912 ET – U.S. natural gas futures are higher and heading for a weekly gain as summer heat supports power-sector demand. 'The late-July heat wave and sense of a fundamental inflection point may drive a further test of resistance short-term,' Eli Rubin of EBW Analytics says in a note. The storage surplus at 178 Bcf over the five-year average is close to peaking but may be slow to erode of the next two months, 'likely keeping bullish pressures in check,' he adds. Nymex natural gas is up 1.8% at $3.605/mmBtu. (
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
U.S. Natural Gas Gains Ahead of Inventory Data
0936 ET – U.S. natural gas futures extend their gradual climb higher with hotter weather forecasts for the second half of July seen lifting demand. 'Supportive short-term technicals and building heat suggest the path of least resistance may remain to the upside over the next 7-10 days,' Eli Rubin of EBW Analytics says in a note. The EIA's storage report at 10:30 a.m. ET is expected to show an injection of 47 Bcf, according to a Wall Street Journal survey of analysts. That's slightly larger than the 41 Bcf five-year average, and would increase the surplus to 179 Bcf from 173 Bcf the week before. Nymex natural gas is up 1.3% at $3.597/mmBtu. ( 1030 GMT – European natural gas prices rise following unplanned outages in Norway, with the benchmark Dutch TTF contract up 0.7% to 35.46 euros a megawatt hour. Disruptions at the Nyhamna and Kollsnes processing plants are expected to last until Friday, taking offline 49.8 million and 51.5 million cubic meters of capacity a day, respectively, according to operator Gassco. Meanwhile, Japan is increasing its purchases of liquefied natural gas as stockpiles dip slightly below the five-year seasonal average, analysts at ANZ Research say. With a 70% probability of above-normal temperatures across eastern and western regions through Aug. 11, the analysts warn energy LNG demand could rise even further. (
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
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. (
