NGF18.NYM - Natural Gas Jan 18

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
2.698
-0.017 (-0.626%)
As of 1:12AM EST. Market open.
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Pre. SettlementN/A
Settlement Date2017-12-27
Open2.704
Bid2.697
Last Price2.715
Day's Range2.684 - 2.717
Volume6,199
Ask2.698
  • Oilprice.com6 hours ago

    'Perfect Storm' Wreaks Havoc On Europe’s Energy Market

    The combination of several unexpected outages across Europe have wreaked havoc on the continent, with natural gas markets being hit particularly hard

  • From global leader to crisis: how did the UK lose its grip on gas?
    The Telegraph8 hours ago

    From global leader to crisis: how did the UK lose its grip on gas?

    From global leader to crisis: how did the UK lose its grip on gas?

  • Capital Cube11 hours ago

    Kinder Morgan, Inc. – Value Analysis (NYSE:KMI) : December 13, 2017

    Categories: Fundamental Analysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Kinder Morgan, Inc. a score of 50. Our analysis is based on comparing Kinder Morgan, Inc. with the following peers – Spectra Energy Partners, LP, Enterprise Products Partners L.P., Southcross Energy Partners, L.P., American Midstream Partners, LP and Exxon Mobil Corporation (SEP-US, EPD-US, SXE-US, AMID-US and XOM-US). ... Read more (Read more...)

  • Reuters11 hours ago

    Exclusive: Saudi Aramco to push ahead with market share, expansion strategy - CEO

    Saudi Aramco, the world's largest oil producer, aims to regain its lost market share after the OPEC-led supply-cut pact ends and plans to push ahead with a downstream expansion strategy to be on par with Big Oil, its chief executive said on Wednesday. Amin Nasser, the CEO of the state oil giant, which is preparing for an IPO next year, told Reuters Aramco is moving ahead with its refining and petrochemicals expansion strategy and is in discussions with several potential partners in Asia, Europe and the United States. The Organization of the Petroleum Exporting Countries and non-OPEC producers led by Russia have agreed to extend oil output cuts until the end of 2018 to help lower global inventories and support prices.

  • Reuters11 hours ago

    Exclusive: Saudi Aramco to push ahead with market share, expansion strategy - CEO

    Saudi Aramco, the world's largest oil producer, aims to regain its lost market share after the OPEC-led supply-cut pact ends and plans to push ahead with a downstream expansion strategy to be on par with Big Oil, its chief executive said on Wednesday. Amin Nasser, the CEO of the state oil giant, which is preparing for an IPO next year, told Reuters Aramco is moving ahead with its refining and petrochemicals expansion strategy and is in discussions with several potential partners in Asia, Europe and the United States. The Organization of the Petroleum Exporting Countries and non-OPEC producers led by Russia have agreed to extend oil output cuts until the end of 2018 to help lower global inventories and support prices.

  • Natural Gas Futures Continue to Struggle Near 9-Month Lows
    Investing.com13 hours ago

    Natural Gas Futures Continue to Struggle Near 9-Month Lows

    Investing.com - Natural gas futures ticked higher on Wednesday, but held near their lowest level in nine months, as market players continued to monitor winter weather forecasts to gauge demand for the fuel.

  • Fortune14 hours ago

    Is Your Energy Bill Skyrocketing? Blame China

    China's increasing demand for natural gas is spiking prices worldwide.

  • Reuters15 hours ago

    Gas exports from Total's North Sea field halted until early Jan

    Exports of natural gas from one of the North Sea's key fields have been halted for at least three weeks until early January, after the closure of Britain's largest oil and gas pipeline, field operator Total said on Wednesday. Swiss-based chemicals company INEOS, which owns the Forties Pipeline System, said on Wednesday it has not yet taken a decision on repairing a pipeling crack that materialised during a routine inspection of onshore infrastructure last week. The pipeline carries 450,000 barrels per day (bpd) of Forties crude oil, roughly equivalent to a quarter of the daily output of the entire North Sea basin, and handles a third of Britain's total offshore gas production.

  • Russia to send first Arctic gas cargo to Britain in the wake of supply crisis
    The Telegraph15 hours ago

    Russia to send first Arctic gas cargo to Britain in the wake of supply crisis

    Britain has emerged as the unlikely first recipient of gas from a sanctioned Russian project after fears of a winter supply crisis drove prices close to five year highs. Russian President Vladimir Putin opened the £20bn Yamal project on Russia's northern coastline last week. Shortly after, British wholesale gas prices soared to four-year highs when a crucial North Sea pipeline was put out of action by a crack and a distribution hub in Austria was hit by an explosion.  Now a deal has been struck to bring the debut cargo from Yamal to the Isle of Grain import terminal via a specially built ice-breaking tanker by the end of the month. Britain rarely receives deliveries of liquid natural gas (LNG) in winter because prices are typically far higher in east Asian markets. However rocketing demand in Europe drove the price for gas delivered to the UK to more than $10 per million British thermal units. This put the UK on a par with Asian gas markets, which are some of the most expensive in the world. Around 40pc of the UK’s domestic supplies have been wiped out until the new year due to the emergency shutdown of the North Sea’s Forties pipeline, operated by Ineos. Supply from Europe has also been constrained by the explosion at a hub in Austria and technical problems in the Norwegian North Sea. Despite the upheaval Government officials have repeatedly argued that the UK is not facing a threat to security of supply due to the wide range of gas sources available. Britain has emerged as the unlikely first recipient of gas from a major new Russian project Credit: Mikhail Svetlov/Getty Images A UK Government spokesman said again today: “There is no security of supply issue for fuel or gas supplies as a result of the repairs needed to the Forties pipeline, and as the National Grid analysis shows, we have healthy gas and electricity margins this winter. “Energy Minister Richard Harrington has spoken to Ineos and we will continue to liaise with industry operators to monitor the situation and ensure repairs are undertaken as quickly as possible.” The booming cost of locking in gas deliveries during a major supply squeeze and freezing weather could still have serious consequences for energy users. Energy suppliers are typically forced to raise prices to cover higher costs, and smaller suppliers without the financial wriggle room may even face an existential risk as they battle to buy extra gas at short notice. Major industrial users are also expected to suffer due to the higher cost of gas. Credit: AFP Ed Cox, an LNG market specialist at ICIS, said “a price spike like the one we’ve seen this week obviously makes the UK market more attractive” for LNG deliveries. But he warned that the buyer, Malaysia’s Petronas, may still choose to divert the shipment before the end of the month if it can find a more lucrative market. Already Asian gas buyers have raised their offers for gas to $10.50/MMbtu in response to the European gas market shock. “This cargo won’t by itself make a massive difference to the UK’s supply picture but it does show how Europe has impacted the global market,” he added. The UK is scheduled to receive only one other LNG cargo for the rest of this month.

  • Russia to send first Arctic gas cargo to Britain in the wake of supply crisis
    The Telegraph15 hours ago

    Russia to send first Arctic gas cargo to Britain in the wake of supply crisis

    Russia to send first Arctic gas cargo to Britain in the wake of supply crisis

  • Market Realist17 hours ago

    Natural Gas Prices Could Fall after the Inventory Data

    Natural gas inventories rose by 2 Bcf (billion cubic feet) for the week ending December 1. The market expected a fall by 5 Bcf.

  • Market Realist17 hours ago

    Oil Rig Count Could Push Natural Gas Prices Lower

    In the week ending December 8, 2017, the natural gas rig count was 88.8% below its historical high of 1,606 in 2008.

  • Reuters19 hours ago

    Trafigura and Eni trade first Middle East, India LNG futures contract: SGX

    Commodity trader Trafigura and Eni Trading and Shipping traded the first liquefied natural gas (LNG) futures contract representing delivered prices to Dubai, Kuwait and India, Singapore Exchange (SGX) said on Wednesday. A total of 100,000 million British thermal units, a fraction of a standard-size cargo, of February 2018 futures was cleared by SGX at a price of $9.85 per mmBtu on Dec. 8, the exchange said in a statement. Tullett Prebon brokered the trade, the first of its kind to represent delivered prices to the Middle East and India.

  • Whiting Petroleum (WLL) Expects Huge Impairment Charge in Q4
    Zacks23 hours ago

    Whiting Petroleum (WLL) Expects Huge Impairment Charge in Q4

    Whiting Petroleum (WLL) intends to focus on Williston Basin in 2018.

  • Natural Gas Price Fundamental Daily Forecast – Price Collapse Tied to Expectations of Another Warm Winter
    FX Empire23 hours ago

    Natural Gas Price Fundamental Daily Forecast – Price Collapse Tied to Expectations of Another Warm Winter

    Other than a possible “dead-cat bounce” due to oversold technical conditions, the current downside momentum suggests prices could head lower.Fundamentally, low demand due to weather concerns and rising production are two bearish issues.

  • FX Empireyesterday

    Natural Gas Price Forecast December 13, 2017, Technical Analysis

    Natural gas markets were explosive to the downside during the trading session on Tuesday, slicing below the $2.75 level. This is an area that has been massively supportive in the past, so I suspect that we are going to go looking towards the $2.50 level underneath.

  • Oilprice.comyesterday

    Cyberattacks: The Biggest Threat To OPEC

    As OPEC countries adopt automation and digital technology, the cartel is becoming increasingly vulnerable to cyberattacks

  • Investing.comyesterday

    Gold Prices Under Pressure as FOMC Meeting Gets Underway

    Investing.com – Gold prices remained at five-month lows amid dollar strength which followed upbeat economic data pointing to an improving inflationary environment, while a widely expected Federal Reserve interest rate hike continued to weigh on the precious metal.

  • Natural Gas Price Analysis for December 13, 2017
    FX Empireyesterday

    Natural Gas Price Analysis for December 13, 2017

    Natural gas prices tumbled through support levels breaking down and likely to see an acceleration toward support levels near a long term horizonal trend line near 2.52. Warmer than normal weather is forecast to cover most of the United States for the next 8-14 days according to the National Oceanic Atmospheric Administration. Warmer than normal weather will reduce heating demand and allow natural gas inventories to remain buoyed. Current inventory levels are hovering near the 5-year average.

  • World Bank Group pledges to stop investing in oil and gas exploration
    The Telegraphyesterday

    World Bank Group pledges to stop investing in oil and gas exploration

    World Bank Group pledges to stop investing in oil and gas exploration

  • Reutersyesterday

    U.S. natgas output seen up 1 pct in 2017, but below 2015 record

    U.S. dry natural gas production was forecast to rise to 73.55 billion cubic feet per day (bcfd) in 2017 from 72.85 bcfd in 2016, according to the Energy Information Administration's (EIA) Short Term Energy Outlook (STEO) on Tuesday. The EIA also projected U.S. gas consumption would fall nearly 2 percent to 73.71 bcfd in 2017 from a record 75.10 bcfd in 2016. In electric generation, the EIA projected gas will remain the primary U.S. power plant fuel in 2017 and 2018 after taking that title from coal for the first time ever in 2016.

  • Natural Gas Futures Tick Higher but Stay Near 9-Month Lows
    Investing.com2 days ago

    Natural Gas Futures Tick Higher but Stay Near 9-Month Lows

    Investing.com - Natural gas futures were a bit higher on Tuesday, but stayed near their lowest level in almost nine months, as market players continued to monitor winter weather forecasts to gauge demand for the fuel.

  • PetroChina (PTR) Carries Out Internal Transfer of 16 Blocks
    Zacks2 days ago

    PetroChina (PTR) Carries Out Internal Transfer of 16 Blocks

    PetroChina's (PTR) internal transfer is in compliance with Chinese government's broader sector reform drive.

  • Why Is Canadian Oil So Cheap?
    Oilprice.com2 days ago

    Why Is Canadian Oil So Cheap?

    Reduced pipeline capacity and bottlenecks in production hubs have led to an even steeper discount for Western Canadian Heavy crude

  • Market Realist2 days ago

    Oil ETFs That Outperformed US Crude Oil Last Week

    On December 1–8, 2017, the United States Oil Fund (USO), which holds crude US oil futures contracts, fell 1.5%. US crude oil January 2018 futures fell 1.7%.