Articles tagged pipeline maintenance

Weekly natural gas cash prices sank as former Hurricane Debby curbed demand in the East and West Texas prices sank deeper into the negative.

Natural gas futures on Friday forged ahead through midday trading, putting the prompt month on target for its fourth gain in as many sessions, though it pulled back and hovered near even by early afternoon. Weakness in West Texas pressured spot prices lower.

Natural gas futures rose for a third day on Thursday after a relatively lean government storage build signaled production levels might be running lower than expected.

Natural gas futures pushed higher for a second day Wednesday, supported by a production slowdown this week and bears scattering ahead of a possible light summer storage print on Thursday.

Natural gas futures advanced early Wednesday and kept momentum rolling through midday trading. The prompt month headed for a second daily advance. The cash market posted modest gains in most regions, meanwhile, though West Texas showed customary losses as supplies backed up amid maintenance work.

A portion of the recently completed Mountain Valley Pipeline LLC (MVP) was shut for maintenance Tuesday, causing capacity cuts and driving Southeast regional natural gas prices higher.

Natural gas futures jumped on Tuesday to end a four-day slide as lighter production readings and mild impacts from remnants of former Hurricane Debby provided the catalyst for a relief rally.

As summer-like heat settles across Texas and neighboring states – and production in the region levels off – South Central natural gas storage surpluses are steadily narrowing.

Natural gas futures on Tuesday notched a fourth-straight day of gains – albeit barely – on maintenance-induced reductions to already lower production activity.

A roundup of news and commentary from NGI’s LNG Insight