News

Natural Gas Futures, Cash Prices Retreat as Production Recovers, Demand Tapers - Natural Gas Intelligence

Natural Gas Intelligence · last updated

Natural Gas Futures, Cash Prices Retreat as Production Recovers, Demand Tapers - Natural Gas Intelligence

Natural gas futures snapped a three-day winning streak on Wednesday, giving up ground amid strengthening production, fading demand and weakness in cash markets. The June Nymex gas futures contract lost 7.6 cents day/day and settled at $2.191/MMBtu. July fell 9.1 cents to $2.336.

At A Glance:

- Demand remains moderate
- Supply levels prove robust
- 70s Bcf injection expected

NGI’s Spot Gas National Avg. declined 11.5 cents to $1.660.

Forecasts “maintained light to very light national demand the next 15 days due to limited coverage of highs into the 90s,” NatGasWeather said Wednesday.

Longer-range outlooks showed mild conditions extending into late May and early June, with highs of 70s and 80s expected for most of the country,...

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up