Natural gas markets experienced a pullback on December 23, 2024, as traders engaged in profit-taking ahead of the holiday season. Despite a recent rally driven by frigid temperatures across the U.S., which had pushed futures to their highest levels of the year, the market saw a temporary retreat. Analysts suggest that the market is likely to see continued interest from buyers looking to capitalize on value
Natural gas markets are experiencing a notable shift as US natural gas futures have recently risen to over $3.7 per MMBtu, marking the highest level in over a year. This surge is driven by expectations of increased global LNG demand and a forecasted cold front in the US by mid-January, which has led to a significant 18 billion cubic feet increase in demand forecasts. Additionally, the Energy Information Adm
European natural gas markets are experiencing heightened volatility as the expiration of a critical pipeline transit deal between Russia and Ukraine looms. With the deal set to expire at the end of December, traders are reacting to the uncertainty surrounding future gas flows. The Slovak Prime Minister's recent discussions with Russian President Vladimir Putin highlighted the complexities of the situation,
Natural gas markets are experiencing a surge in bullish sentiment, driven by forecasts of colder-than-average temperatures in January, which are expected to boost heating demand. The U.S. Energy Information Administration (EIA) reported a significant 125 Bcf withdrawal from natural gas storage, reducing inventories to 3,622 Bcf and highlighting a tightening supply situation as winter approaches. This has le
Natural gas prices are experiencing a notable upswing, driven by a combination of factors including a significant drawdown in U.S. natural gas inventories and short-covering ahead of potentially colder weather in January. The recent inventory decline has exceeded the average decrease observed over the past five years, providing a bullish impetus to the market. Additionally, Chevron's long-term sales agreeme
Natural gas prices are experiencing an upward trend, driven by a combination of factors including a significant decline in U.S. natural gas inventories and ongoing cold weather conditions in the United States. The recent inventory drawdown has exceeded the average decrease observed over the past five years, contributing to the bullish sentiment in the market. Additionally, despite forecasts indicating a war
Natural gas markets are experiencing a surge in demand, driven by geopolitical developments and weather forecasts. President-elect Donald Trump's recent threat to impose tariffs on the European Union unless it increases its purchase of U.S. oil and gas has heightened expectations for stronger U.S. LNG exports. This geopolitical maneuver comes as the EU seeks alternative gas sources amid decreasing Russian g
Natural gas prices are experiencing a notable upswing on December 18, 2024, driven by a combination of weather forecasts and geopolitical factors. Recent weather models suggest a potential cooling trend in the northeastern United States, which is expected to increase demand for natural gas as temperatures drop. This has sparked renewed interest in the market, with investors adopting a "buy on the dips" stra
Natural gas prices have experienced a notable uptick, driven by forecasts suggesting a potential cooling trend as the year draws to a close. This optimism has been fueled by colder weather models, particularly the 12Z ECMWF and GFS runs, which indicate a shift towards cooler temperatures in early January. Additionally, LNG export data has shown an increase in feedgas volumes to Plaquemines, reaching a new h
Natural gas prices have experienced a notable uptick, driven by forecasts of colder weather and a significant storage drawdown. Meteorologists predict that La Niña conditions could lead to colder temperatures across the U.S. and Europe, increasing heating demand. This weather shift, combined with a record 190 Bcf storage withdrawal reported by the EIA, has tightened supply-demand balances, fueling bullish s
The ProShares Ultra Bloomberg Natural Gas ETF (BOIL) closed at $42.67 on December 16, 2024, down 3.13% as natural gas futures fell 1.83% to $3.22. The decline in natural gas prices was driven by warmer weather forecasts across the U.S., which are expected to reduce heating demand significantly. Maxar Technologies reported that temperatures are projected to be much above normal in the East from December 26-3
Natural gas futures are under pressure as strong production levels and warmer weather forecasts weigh heavily on the market. As of December 16, 2024, production remains robust at 103.8 billion cubic feet per day, according to Wood Mackenzie, maintaining the oversupply concerns that have been a persistent theme. Weather models have shifted towards warmer trends, reducing the expected heating demand significa
Natural gas prices are under pressure as warmer-than-expected weather forecasts across Europe have led to a decrease in demand. The Dutch and British wholesale gas markets saw declines on December 16, 2024, with the Dutch TTF hub's front-month contract dropping by 0.89 euros to 40.25 euros per megawatt hour. Analysts from Energi Danmark noted that the mild weather forecasts have bolstered optimism that Euro
Natural gas prices are experiencing a significant decline as the market reacts to a combination of factors, including milder weather forecasts and inventory dynamics. European natural gas futures have dropped below €42 per megawatt-hour, driven by above-average temperatures expected in north-west Europe from December 15 to 23, which are reducing heating demand. Despite minor outages at Norwegian facilities,
The ProShares Ultra Bloomberg Natural Gas ETF (BOIL) closed at $44.05 on December 13, 2024, down 3.57% as natural gas futures fell 5.20% to $3.28/MMBtu. The decline in natural gas prices was driven by profit-taking after a recent rally and increased supply pressures. LNG feed gas levels reached an 11-month high of 14.9 Bcf/d, with new operations at Venture Global LNG’s Plaquemines plant contributing to the
Natural gas markets experienced a significant downturn on December 13, 2024, as futures prices fell sharply following a brief rally earlier in the week. The decline was primarily attributed to profit-taking activities after a two-day surge that was initially fueled by a stronger-than-expected storage withdrawal. Analysts from Gelber & Associates noted that the selling pressure was likely a result of traders
Natural gas markets are experiencing significant resistance near the $3.40 level, a crucial barrier that has been difficult to surpass. Despite this being a typically strong season for natural gas pricing, the market is facing substantial selling pressure at this resistance point. Analysts suggest that short-term pullbacks may present buying opportunities, as the $3 level is expected to hold as a significan
U.S. natural gas prices have experienced a notable decline on December 13, 2024, as increased production levels begin to balance out the previously rising demand. The Lower 48 states have seen a surge in production, reaching 102.9 billion cubic feet per day in December, which has eased some of the demand pressures. Additionally, liquefied natural gas (LNG) export plants, such as Venture Global LNG's Plaquem
U.S. natural gas futures are experiencing a decline as increased production levels begin to balance out the previously rising demand. As of December, production in the Lower 48 states has surged to 102.9 billion cubic feet per day, up from 101.5 bcfd in November. This increase in supply comes as liquefied natural gas (LNG) export facilities, such as Cheniere Energy's Sabine Pass, approach record gas flow le
Natural gas markets are experiencing a downturn as warmer-than-expected weather forecasts across much of the U.S. are expected to temper heating demand through December 26. Despite a larger-than-anticipated storage draw of 190 billion cubic feet reported by the EIA, which exceeded both last year's and the five-year average, the market remains under pressure. The robust LNG shipments, averaging 14.1 bcf/day