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Tag Archives: natural gas

Natural Gas Rallies 14% on Smaller-Than-Expected Supply Build, Cold Weather

Natural gas futures are soaring on Thursday after the US government reported a smaller-than-expected supply build. With North America and Europe bracing for cold temperatures over the next few weeks, natural gas prices are poised to have a big November. Could natural gas test $4 by year’s end? November natural gas futures climbed $0.419, or 13.99%, to $3.415 per million British thermal units (btu) at 15:55 GMT on Thursday on the New York Mercantile Exchange. Natural gas prices had been...

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Commodities Week in Review: October 19 to October 23

Commodities Week in Review: October 19 to October 23  Agriculture  The leading agricultural commodity assets – corn, wheat, and soybean – enjoyed another strong week as fundamentals and a weaker US dollar contributed to their weekly gains. The latest forecasts suggest that food inflation will continue to creep higher, possibly with supply unable to keep up with the demand, especially now that millions of people have returned...

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Natural Gas Shrugs Off Weekly Supply Build, Hovers Around Two-Year High

Natural gas futures shrugged off the bearish US government inventory report. Natural gas prices had traded slightly lower in the initial release of the supply data, but they headed back in the green to continue trading at their best levels in two years, breaking above $3. How much higher can natural gas prices go in the coming weeks? November natural gas futures rose $0.01, or 0.33%, to $3.033 per million British thermal...

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Commodity Tracker: 6 charts to watch this week

Libyan oil flows have resumed but their stability remains uncertain, while India’s coal powered generation has dipped, granting gains to renewables. S&P Global Platts editors and analysts also discuss the latest Chinese actions on coal imports, Norwegian gas flows to Europe, and separate challenges faced by power markets in the UK and California. 1. Libya’s fragile oil return complicates market outlook   Click to enlarge What’s happening? Light sweet Libyan crude is starting to...

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Commodities Week in Review: October 12 to October 16

Commodities Week in Review: October 12 to October 16  Agriculture  Most agricultural commodities were successful in fending off a strengthening US dollar this week. The main driver of the commodities market was strong fundamentals, with rising foreign demand and easing inventories. As many major markets prepare for additional COVID-19 restrictions or get ready for the upcoming cold and flu season, more households will be stuck inside and consuming more food. Could output keep up with...

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Natural Gas Rallies on Smaller-Than-Expected Weekly Supply Build, Cold Winter Forecast

Natural gas futures are advancing toward the end of the trading week after the US government reported a smaller-than-expected jump in domestic inventories. Despite a Wednesday selloff, natural gas prices are recovering as investors brace for a colder-than-average winter. Could the energy commodity test $3 by year’s end? November natural gas futures surged $0.155, or 5.88%, to $2.791 per million British thermal units (btu)...

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Uptick in US LNG exports a boost for terminals, despite storm challenges

An unusually active Atlantic hurricane season has tested the resilience of US liquefaction infrastructure that is still in its infancy relative to terminals in more mature exporting nations. Utilization is starting to rise toward pre-pandemic levels, as demand and price recovery in buyer markets in Asia and Europe are incentivizing exports. While the trend could quickly turn around – depending on further storm damage and planned or unplanned maintenance – higher consumption during the...

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Video: Natural Gas Price Analysis for October 2020 – Natural Gas Rally Gains Speed!

In the present video, David Jones from Capital.com talks about natural gas in October 2020. He discusses substantial volatility of the commodity this year, with prices reaching multi-year lows and then bouncing to the highest level in a year and a half. He explains the reasons for such sharp moves and explains what factors will be driving the commodity in the future. Next, David shows important support...

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Video: Weekly Commodity Forecast – Gold, Silver, Palladium, Platinum, Copper, Crude Oil, Natural Gas for October 12-16, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, palladium, platinum, copper, crude oil, and natural gas for the week of October 12–16, 2020. He talks about the recent price moves, explains what factors will be driving the commodities in the immediate future, shows charts, and speculates where prices may go next. If you found this video useful and want to see more videos...

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Commodities Week in Review: October 5 to October 9

Commodities Week in Review: October 5 to October 9  Agriculture  Most of the agricultural commodities enjoyed a stellar week, driven mainly because of a weaker US dollar. The fundamentals were also sound for a lot of agriculture, with foreign demand strengthening for many of the major crops, including soybeans and corn. Since the greenback is headed back on a downward trend, could prices finish...

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