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Tag Archives: natural gas

Natural Gas Sheds 3% on Smaller-Than-Expected Weekly Supply Drop

Natural gas futures fell as much as 3% on Thursday after the US government reported a decline in domestic inventories that came in less than the market had anticipated. Natural gas has taken a beating under current economic conditions, falling about one-third so far this year. May natural gas futures tumbled $0.045, or 2.84%, to $1.542 per million British thermal units (btu) at 14:58 GMT on Thursday on the New York...

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Commodity Tracker: 5 charts to watch this week

Demand destruction from the coronavirus outbreak will be top of mind for power and gas traders this week, while the ripples in the oil market are being felt in Saudi Arabia and Vietnam, albeit in different ways. The iron ore market, which is faring better, rounds out this week’s pick of commodity charts by S&P Global Platts news editors 1. Lockdowns in Europe, Asia push TTF gas price to 16-year low…     What’s happening? The coronavirus lockdowns in Europe and now India...

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Natural Gas Slumps 2% As Demand Weighs on Energy Industry

Natural gas futures fell more than 2% on Thursday, despite the US government reporting a slightly larger-than-expected decline in domestic inventories. The overall energy industry continues to be battered by falling global demand due to the COVID-19 pandemic decimating the economy. May natural gas futures tumbled $0.035, or 1.97%, to $1.68 per million British thermal units (btu) at 15:34 GMT on Thursday on the New...

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Natural Gas Jumps 3% on Larger US Supply Drop

Natural gas futures are rebounding on Thursday after the US government reported a bigger than expected drop in domestic inventories. Despite an initial surge in prices amid the Saudi Arabia-Russia crude oil price war, natural gas has slumped to multi-year lows in the last ten days. April natural gas futures rose $0.045, or 2.93%, to $1.651 per million British thermal units (btu) at 15:24 GMT on Thursday on the New...

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Natural Gas Plunges as US Supplies Fall Short of Estimates

Natural gas futures are joining the rest of the market plunge on Thursday after the US government reported a smaller-than-expected decline in domestic inventories. Despite trading higher this week, the energy commodity fell as much as 5% toward the end of the turbulent trading week. Can natural gas outperform crude oil amid the upcoming Saudi Arabia-Russia price conflict? April natural gas futures tumbled $0.025,...

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Natural Gas Slumps Despite Drop in US Supplies

Natural gas futures have hit the pause button on the recent rebound as they are sliding more than 1% on Thursday, despite the US government reporting a slightly larger than expected drop in domestic stockpiles. Although warmer temperatures and the coronavirus decimating global financial markets, investor sentiment remains bearish. But with US output forecast to slow down amid the global supply glut, will traders buy the dip?...

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Europe’s largest gas field is winding down, but market has plenty of alternatives

The Netherlands’ Groningen field is entering its final chapter as a major supplier of natural gas to the continent. In 2022, eight years earlier than originally planned, output from Europe’s largest field will finally come to a halt. Stepped reductions were introduced from 2013, due to the risk of earthquakes in the region triggered by production drilling. The move will leave the European gas market 54 Bcm/year shorter compared with 2013. The pace of the phase out has speeded up since the...

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Natural Gas Plunges 6% on Lower-Than-Expected Drop in US Supplies

Natural gas futures are cratering on Thursday after the US government reported a smaller-than-expected decline in domestic inventories. This comes after a new forecast suggested a double-digit increase in natural storage levels, as well as a jump in stockpiles during the refill season. April natural gas futures plummeted $0.113, or 6.15%, to $1.724 per million British thermal units (btu) at 14:45 GMT on Thursday...

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The forgotten winners in a low-price global gas market

Global gas prices today are not only low, but unprecedentedly low, with little to suggest any imminent upside. Producers may be suffering, but large consumers of natural gas have an opportunity to benefit from current market dynamics if they are willing be proactive and take a careful look at their procurement. How low can prices go? Such is the downward pressure on prices that some contracts have recently hit 16-year lows. In January the front-month NBP price averaged just 28.76 p/th...

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Video: Natural Gas Price Rebounds but has the Trend Changed?

In the present video, David Jones from Capital.com talks about natural gas in the second half of February 2020. Prices were collapsing lately, making most traders extremely bearish on the commodity. The video tries to answer the question: whether it is reasonable to be a contrarian trader in the bearish market? If you found this video useful and want to see more videos like this one or if you want...

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