Supply Outpaces Demand to Send Weekly Natural Gas Cash Prices Lower
Weekly natural gas cash prices slipped lower in the week as abundant Lower 48 supply undercut support from strong cooling demand and LNG feed gas flows.
Weekly natural gas cash prices slipped lower in the week as abundant Lower 48 supply undercut support from strong cooling demand and LNG feed gas flows.
As weather forecasts trimmed more demand from the mid-August outlook, natural gas futures continued to move lower through midday trading Wednesday.
Chesapeake Energy Corp. signaled Tuesday that it would continue to curb natural gas output until prices improve under a plan that was announced earlier this year.
September natural gas futures were trading higher through midday Tuesday, supported by soaring summer temperatures and Chesapeake Energy Corp. holding the line on production cuts.
Pressured by milder August weather forecasts and steady production gains, September natural gas futures were trading lower early Tuesday.
August natural gas futures were trading lower through midday Friday as competing fundamentals and the contract’s Monday expiry juiced volatility.
Management for Range Resources Corp. said hedging strategically and capturing more favorable liquids prices would help navigate the volatile natural gas market as the exploration and production firm holds production steady through the end of the year.
August natural gas futures were sinking through midday trading Thursday after being knocked down by a bearish weekly government storage report.
August natural gas futures are riding higher before rolling off the board next week with speculator positioning and technical levels providing support.
Halliburton Co. CEO Jeff Miller during the second quarter conference call expressed cautious optimism for a rebound during 2025 in North American exploration and production (E&P).