NG=F - Natural Gas Jul 19

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
2.3820
-0.0050 (-0.21%)
As of 1:51PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2019-06-26
Open2.3890
Bid2.3830
Last Price2.3870
Day's Range2.3570 - 2.4180
Volume85,943
Ask2.3840
  • Reuters4 hours ago

    UPDATE 1-Groningen gas production to drop 20% faster than planned - gov't

    Next year's output at the Groningen natural gas field in the north of the Netherlands looks set to drop 20% more than previously announced, the Dutch government said on Monday. Production at the field, operated by Royal Dutch Shell and Exxon Mobil, could be limited at 12.8 billion cubic metres (bcm) in the year starting October 2019, the government said, to limit seismic risks in the region. The government said in February that production would drop to 15.9 billion cubic metres (bcm), but was forced to cap production faster than planned after a 3.4 magnitude earthquake hit the Groningen region last month.

  • Reuters6 hours ago

    Petrobras confirms natural gas find in Sergipe Basin

    Brazilian state-run oil firm Petroleo Brasileiro SA has made natural gas discoveries in six deep-water fields in the Sergipe Basin, it said in a regulatory filing on Monday. Newspaper O Estado de Sao Paulo reported on Sunday that the find was the largest since the sub-salt discoveries in 2006, and that Petrobras could extract up to 20 million cubic meters of natural gas per day, equivalent to one third of total Brazilian production. According to O Estado, the find could help deliver the "cheap energy shock" to Brazil promised by Economy Minister Paulo Guedes, his vision to reduce the cost of natural gas by up to 50% and "reindustrialize" the country.

  • Natural Gas Rebounds From 3-Year Low, But Worries Persist
    Zacks6 hours ago

    Natural Gas Rebounds From 3-Year Low, But Worries Persist

    Despite a slight recovery, natural gas prices remained close to the lowest levels in three years because of growing fears that soaring production is outpacing demand growth.

  • Is Demand Data Fully Priced into Natural Gas Prices?
    Market Realist6 hours ago

    Is Demand Data Fully Priced into Natural Gas Prices?

    Last week, natural gas July futures rose 2.1% and settled at $2.387 per million British thermal units. Bullish inventory data and higher demand could be behind the recovery in natural gas prices.

  • Natural Gas Price Fundamental Weekly Forecast – Price Action Suggests Traders Pricing in Return of Hot Temperatures
    FX Empire16 hours ago

    Natural Gas Price Fundamental Weekly Forecast – Price Action Suggests Traders Pricing in Return of Hot Temperatures

    Early in the week, trader reaction to a minor top at $2.406 will tell us if the short-covering is getting stronger. If momentum begins to build on this move then the rally could eventually extend into the short-term pivot price at $2.518. This rally will look impressive on the short-term charts, but it will only represent short-covering.

  • Canada set to approve hotly-debated pipeline expansion, Trudeau unlikely to benefit
    Reutersyesterday

    Canada set to approve hotly-debated pipeline expansion, Trudeau unlikely to benefit

    OTTAWA/CALGARY, Alberta (Reuters) - Canada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people familiar with the process told Reuters, but the move is unlikely to help Prime Minister Justin Trudeau rebuild flagging support ahead of an October election. The Liberal government last year took the unprecedented step of buying the Trans Mountain pipeline from Kinder Morgan Canada for C$4.5 billion ($3.4 billion) to ensure the expansion went ahead to help solve crude transportation bottlenecks. If completed, the expansion would nearly triple capacity on the pipeline that runs from the western crude-rich province of Alberta to British Columbia's Pacific coast.

  • The 'richest black nation': Papua New Guinea sets audacious goal
    AFPyesterday

    The 'richest black nation': Papua New Guinea sets audacious goal

    Papua New Guinea's new prime minister has an ambitious -- cynics would say far-fetched -- objective of turning one of the world's poorest countries into the "richest black nation" on earth in just a decade. If national economies were like football teams, then Papua New Guinea would be near the bottom of the table struggling to avoid a relegation dogfight. As rich as Papua New Guinea is in culture, language and beauty, it is the 153rd most developed country in the world out of 189, according to the United Nations -- doing slightly better than Syria, marginally worse than Myanmar.

  • Oilprice.com2 days ago

    The “Polar Silk Road” Could Be A Gamechanger For Natural Gas

    In stark defiance of Trump’s rhetoric, China and Russia have doubled down on their cooperative Arctic efforts in a new natural gas venture

  • Forex Daily Recap – USD at 9-Day High with Strong Retail Data
    FX Empire3 days ago

    Forex Daily Recap – USD at 9-Day High with Strong Retail Data

    Today’s positive US data seemed to mitigate the speculations over a probable Fed rate cut. Fiber dropped 0.66% reaching near 1.1214 levels amid Greenback upsurge and weak German & Italian data.

  • Natural Gas Price Fundamental Daily Forecast – Heat Forecast Could Trigger Breakout Over $2.406
    FX Empire3 days ago

    Natural Gas Price Fundamental Daily Forecast – Heat Forecast Could Trigger Breakout Over $2.406

    We’re going to be keeping an eye on the 11- to 15-day forecast and trader reaction to $2.406, over the next few days. If the forecasts call for increased heat then look for a breakout over this level with $2.518 the minimum upside target.

  • GBP/USD Price Forecast – British pound pulls back
    FX Empire3 days ago

    GBP/USD Price Forecast – British pound pulls back

    The British pound pulled back a bit during the trading session on Friday before bouncing slightly. At this point, it looks as if the market is trying to form some type of base, so approaching the market as such could be beneficial.

  • AUD/USD Price Forecast – Australian dollar falls on Friday
    FX Empire3 days ago

    AUD/USD Price Forecast – Australian dollar falls on Friday

    The Australian dollar fell during trading on Friday, breaking below the 0.69 handle. That being said, there is still plenty of support underneath so I think that the downside is probably somewhat limited, but you can say the same thing about the upside.

  • Reuters3 days ago

    Asian LNG prices higher on oil gains, production curbs in Australia

    Asian spot prices for liquefied natural gas (LNG) edged higher this week, tracking higher oil prices and as production curbs in Australia boosted demand, industry sources said. Spot prices for July delivery to Northeast Asia are estimated to be $4.30 to $4.40 per million British thermal units (mmBtu), up from $4.25 last week, the sources said. Spot trading for the super-chilled fuel was volatile this week with prices moving quickly from opening to closing of the market within a day, a Singapore-based industry source said.

  • Having a gas: Australia dominates China's LNG supply
    Reuters3 days ago

    Having a gas: Australia dominates China's LNG supply

    Australia's fast-expanding liquefied natural gas industry has this year been supplying the lion's share of China's growing demand for imports of the commodity, with appetite surging as Beijing shifts away from dirtier fuels such as coal. Australia supplied over 53% of China's LNG imports during the first five months of 2019, shipping data in Refinitiv showed, up from around 40% in 2016 when a previous round of new Australian export projects started to ramp up. With Royal Dutch Shell's Prelude facility delivering its first LNG cargo this week from northwest Australia, that share is likely to increase further.

  • Piracy, collisions, missiles: tankers in troubled waters
    AFP3 days ago

    Piracy, collisions, missiles: tankers in troubled waters

    Tankers like those apparently attacked Thursday in the Gulf of Oman operate through increasingly treacherous waters, facing mounting dangers from piracy and collision as well as geopolitical hazards. Around 60 million barrels of petroleum product move each day on the seas globally, according to the US Energy Information Administration. This waterway is a principal route for crude exports from Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq.

  • Soft Inflation Data and Concerned Draghi. How Will Gold Like It?
    FX Empire4 days ago

    Soft Inflation Data and Concerned Draghi. How Will Gold Like It?

    U.S. consumer inflation has moderated recently. Trade wars go on. What the Fed will do now? Let’s not forget the recent ECB monetary policy meeting. It carries implications for both EUR/USD and gold. Just what are they?

  • Natural Gas Price Prediction – Prices Drop on Higher Production Forecast
    FX Empire4 days ago

    Natural Gas Price Prediction – Prices Drop on Higher Production Forecast

    Inventories rose less than expected

  • Pipeline projects bringing North Dakota oil to Corpus Christi
    American City Business Journals4 days ago

    Pipeline projects bringing North Dakota oil to Corpus Christi

    A pair of proposed pipelines will give the Port of Corpus Christi access to oil from Oklahoma and North Dakota for the first time. Houston-based Phillips 66 (NYSE: PSX) announced Monday that it plans to build one pipeline to move crude oil from the North Dakota's Bakken Shale oil fields to Cushing, Oklahoma, and one that will move the product from Cushing to Corpus and other ports along the Gulf Coast. Phillips is partnering with Bridger Pipeline LLC to build the Bakken-to-Cushing line and with Plains All American Pipeline (NYSE: PAA) for the Cushing-to-Gulf Coast line.

  • Oil & Gas Journal4 days ago

    CSB: Operational lapses led to well blowout, fire

    Poor barrier management combined with underbalanced operations performed without proper planning, procedures, or needed equipment to make an Oklahoma natural gas well blow out and catch fire on Jan. 22, 2018, killing five workers in the driller’s cabin on the rig floor, a US Chemical Safety Board investigation concluded.

  • Oil Isn't the Only Fuel in the Persian Gulf Firing Line
    Bloomberg4 days ago

    Oil Isn't the Only Fuel in the Persian Gulf Firing Line

    Exports from Qatar and the U.A.E. must transit the Strait of Hormuz, the chokepoint near where the two tankers were hit(1). In theory, an extended conflict along the lines of the so-called tanker war of the 1980s could have a serious impact on the LNG trade. As my colleague Julian Lee writes here, outside of a broader war, Iran has little to gain from launching an all-out tanker war that would disrupt what’s left of its own sanctions-hit energy trade and would invite the destructive attention of the U.S. Navy.

  • Silver Price Forecast – Silver markets continue to grind higher
    FX Empire4 days ago

    Silver Price Forecast – Silver markets continue to grind higher

    Silver markets rose slightly during the trading session on Thursday, reaching towards the 50 day EMA. The 50 day EMA is crucial, and I believe that there is a massive amount of resistance between the level and the round figure above.

  • EUR/USD Mid-Session Update for June 13, 2019
    FX Empire4 days ago

    EUR/USD Mid-Session Update for June 13, 2019

    Based on the early price action, the direction of the EUR/USD on Thursday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1297. We’re still waiting for a confirmation of the closing price reversal top. Volatility is likely to pick up once 1.1283 is taken out and the chart pattern is confirmed.  

  • Has Oil Influenced Natural-Gas-Weighted Stocks More in Q2?
    Market Realist4 days ago

    Has Oil Influenced Natural-Gas-Weighted Stocks More in Q2?

    Oil prices can have a significant impact on the entire energy sector not just on oil-weighted stocks. Oil prices are often important for the energy sector’s general sentiment, which explains the different trend in correlations among natural-gas-weighted stocks with oil and natural gas prices.

  • Fox Business4 days ago

    Why Dallas Cowboys owner Jerry Jones is betting big on natural gas

    Oh, sure you might say that the natural gas sector is beaten and battered, and its best days are behind it. Of course that’s also what they said about the Cowboys in 1989.

  • Trump considering sanctions over Russia's Nord Stream 2 natgas pipeline
    Reuters4 days ago

    Trump considering sanctions over Russia's Nord Stream 2 natgas pipeline

    "We're protecting Germany from Russia and Russia is getting billions and billions of dollars from Germany," Trump told reporters at an appearance with Polish President Andrzej Duda at the White House. Nord Stream 2, a 760-mile (1,225-km) pipeline project to ship gas from Russia under the Baltic Sea to Germany, would double the capacity of the existing Nord Stream pipeline and has divided the European Union.