Natural Gas Fundamental Analysis

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Natural gas edge higher after storage data.


Natural gas jumped in North America trade on Thursday, after data showed that natural gas supplies in storage in the U.S. fell unexpectedly last week, as a recent heat wave prompted households to ramp up their air conditioning.


Natural gas for delivery in September on the New York Mercantile Exchange rose 2.5 cents, or 0.88%, to trade at $2.864 per million British thermal units. Prices were at around $2.837prior to the release of the supply data.A day earlier, prices surged 10.6 cents, or 3.88%, as traders placed wagers that this week's storage data would be on the bullish side.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended July 29 declined by 6 billion cubic feet, compared to forecasts for an increase of 2 billion.That compared with a build of 17 billion cubic feet in the preceding week, 41 billion a year earlier and a five-year average of 54 billion cubic feet.


Total U.S. natural gas storage stood at 3.288 trillion cubic feet, 11.8% higher than levels at this time a year ago and 14.1% above the five-year average for this time of year.

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Natural gas futures slides.


Natural gas futures fell sharply on Monday, touching a more than one-week low as forecasts for less hot weather in the days ahead dampened demand expectations for the cooling fuel.


Natural gas for delivery in September on the New York Mercantile Exchange slumped to a daily low of $2.707 per million British thermal units, a level not seen since July 28.


It was last at $2.711, down 6.1 cents, or 2.2%.On Friday, prices sank 6.2 cents, or 2.19%, as traders reacted to milder weather and the reality that higher summer demand for the commodity is coming to an end.

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US natural gas gains after storage data.


U.S. natural gas gains in North American trade on Thursday, after data showed that natural gas supplies in storage in the U.S. rose less than expected last week.


Natural gas for delivery in September on the New York Mercantile Exchange jumped 4.7 cents, or 1.79%, to trade at $2.666 per million British thermal units.


Futures were at around $2.635 prior to the release of the supply data.

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U.S. natural gas climbs to 2-week high.


U.S. natural gas futures rose, as forecasts for warmer than normal temperatures across most parts of the continental U.S. in the days ahead boosted demand expectations for the cooling fuel.


Natural gas for delivery in September on the New York Mercantile Exchange touched an intraday peak of $2.740 per million British thermal units, the most since August 9.It was at $2.722 up 4.3 cents, or 1.61%.

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U.S. natural gas touches fresh 8-week high and dropped.


U.S. natural gas futures rose to a new eight-week high as traders continued to eye potential storm activity in the Gulf of Mexico.According to the U.S. Bureau of Safety and Environmental Enforcement, gas operators in the U.S. Gulf of Mexico have shut production equal to about 190 million cubic feet per day of natural gas as a precaution against a tropical storm, it said on Monday.


Natural gas for delivery in October on the New York Mercantile Exchange touched an intraday peak of $2.943 per million British thermal units, the most since July 5.It was last at $2.897 little changed on the day.

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Natural gas rebounds


U.S. natural gas futures pushed higher on Monday, bouncing back from sharp falls last week as market players looked ahead to cold weather forecast in key gas-consuming regions in the U.S. which should boost demand for the heating fuel.


Natural gas for December delivery on the New York Mercantile Exchange rose 4.9 cents, or 1.77%, to $2.816 per million British thermal units, after jumping to $2.876 in early trade.

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U.S. natural gas rebounds 5% .


U.S. natural gas futures pushed higher, bouncing back from sharp falls last week as market players looked ahead to cold weather forecast in key gas-consuming regions in the U.S. which should boost demand for the heating fuel.


Natural gas for December delivery on the New York Mercantile Exchange jumped 13.0 cents, or 4.96%, to $2.749 per million British thermal units, after rallying to $2.752 in early trade.


Updated forecasting models showed a weather system pushing into the western U.S. later this week, which will then track toward the eastern U.S. next weekend, bringing rain, snow, and cooler than normal temperatures along with it.


That prompted traders to close out bets on lower prices, a move known as short-covering.

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U.S. natural gas slides 2% after weekly storage data.


U.S. natural gas futures fell sharply on Thursday morning, after data showed that natural gas supplies in storage in the U.S. rose much more than the five-year average for this time of year last week.


Natural gas for delivery in December on the New York Mercantile Exchange tumbled 4.6 cents, or 1.7%, to $2.716 per million British thermal units.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 30 billion cubic feet in the week ended November 11, just below market expectations for an increase of 31 billion cubic feet.


That compared with a gain of 54 billion cubic feet in the preceding week, 15 billion a year earlier and a five-year average build of 3 billion cubic feet.


Total U.S. natural gas storage stood at 4.047 trillion cubic feet, 1.3% higher than levels at this time a year ago and 5.3% above the five-year average for this time of year.

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U.S. natural gas edges lower amid year-end profit-taking.


U.S. natural gas futures edged lower in light pre-New Year holiday trade, as market players took profits on a recent rally which took prices to near a two-year peak.


Natural gas for February delivery on the New York Mercantile Exchange dipped 3.5 cents, or 1.13%, to $3.689 per million British thermal units

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Natural gas sinks to 3-month low.


Natural gas futures fell again on Tuesday, hitting the lowest level since November amid forecasts for warmer weather in key regions across the U.S. during the next few weeks.Natural gas for March delivery on the New York Mercantile Exchange sank to a session low of $2.903 per million British thermal units, a level not seen since November 21.


It was last at $2.916, down 2.9 cents, or around 1%, after losing 9.0 cents, or about 3%, a day earlier.The natural-gas market is on the defensive after forecasting models showed cold air exiting the Northeast, with the updated 6-10 day forecast looking warmer than a day ago.