NGF21.NYM - Natural Gas Jan 21

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
2.918
-0.001 (-0.03%)
As of 1:41PM EST. Market open.
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Pre. SettlementN/A
Settlement Date2020-12-29
Open2.918
Bid2.908
Last Price2.919
Day's Range2.888 - 2.962
Volume25
Ask2.925
  • Reuters1 hour ago

    TABLE-S.Korea's October LNG imports rise 37.9 pct y/y

    SEOUL, Nov 15 (Reuters) - South Korea's imports of liquefied natural gas rose 37.9 percent to 3.8 million tonnes in October from a year earlier, according to customs data released on Thursday. Details ...

  • Reuters3 hours ago

    Oil rebounds from steep sell-off as OPEC, partners discuss supply cut

    Oil rose about 1 percent on Wednesday, recouping some of the previous session's heavy sell-off, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up prices. After a record 12 straight days of losses and the steepest one-day loss in more than three years, the oil market reversed course after Reuters reported that OPEC and its partners were discussing a proposal to cut output by up to 1.4 million barrels per day (bpd), more than officials had mentioned previously. Prices pared gains in post-settlement trade as the American Petroleum Institute said crude inventories rose by 8.8 million barrels in the week to Nov. 9 to 440.7 million, compared with analysts' expectations for an increase of 3.2 million barrels.

  • Oilprice.com4 hours ago

    Are Oil Markets Overreacting?

    Russian Energy Minister Novak tried to calm the markets on Wednesday, saying that there’s no need to take any action to halt the rapid decline of oil prices

  • Reuters6 hours ago

    Gas to overtake coal as world's second largest energy source by 2030 - IEA

    Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday. The Paris-based IEA said in its World Energy Outlook 2018 that energy demand would grow by more than a quarter between 2017 and 2040 assuming more efficient use of energy - but would rise by twice that much without such improvements. Global gas demand would increase by 1.6 percent a year to 2040 and would be 45 percent higher by then than today, it said.

  • Oilprice.com6 hours ago

    Is OPEC’s Oil Outlook Too Bullish?

    Many market watchers agree that oil demand is currently robust, but uncertainty about mid-term demand growth continues to spook the markets

  • Natural Gas’s Futures Spread: A Rise in Bullish Sentiments
    Market Realist7 hours ago

    Natural Gas’s Futures Spread: A Rise in Bullish Sentiments

    On November 13, the natural gas futures for December closed at a premium of ~$1.14 to the December 2019 futures. On November 6, the futures spread was at a premium of $0.6. On November 6–13, natural gas December futures rose 15.4%.

  • Natural-gas prices just booked the largest daily percentage gain in 14 years, up 18%
    MarketWatch7 hours ago

    Natural-gas prices just booked the largest daily percentage gain in 14 years, up 18%

    Natural-gas futures rocket higher Wednesday, settling at their highest price since February 2014 and logging one of the best days in years, according to Dow Jones Market Data.

  • MarketWatch8 hours ago

    Natural-gas futures post 18% climb, largest in more than 14 years

    Natural-gas futures climbed by about 18% on Wednesday, settling at their highest since February 2014, according to Dow Jones Market Data. "The move higher in natural gas prices is mainly a result of a 15-year low in stockpiles combined with cold weather forecasts for large portion of the U.S.... and record exports of natural gas," said Will Rhind, chief executive officer at GraniteShares. U.S. supplies of natural gas in storage stand about 16% below their five-year average, according to data from the Energy Information Administration, which will issue its latest updated supply figures on Thursday. December natural gas rose 73.6 cents to settle at $4.837 per million British thermal units.

  • Rig Count: Only Hurdle for Natural Gas’s Rise
    Market Realist10 hours ago

    Rig Count: Only Hurdle for Natural Gas’s Rise

    The natural gas rig count was at 195 last week—two more than the previous week. However, the natural gas rig count has fallen ~87.9% from its record level of 1,606 in 2008.

  • Natural Gas’s Multiyear Rise Might Not Be Stoppable
    Market Realist10 hours ago

    Natural Gas’s Multiyear Rise Might Not Be Stoppable

    On November 13, natural gas December futures rose 8.3% and settled at $4.10 per MMBtu (million British thermal units)—the highest closing level for natural gas active futures since November 26, 2014.

  • Natural Gas Prices Soar To 9-Year Highs As Cold Forecast Bites
    Oilprice.com10 hours ago

    Natural Gas Prices Soar To 9-Year Highs As Cold Forecast Bites

    Bullish weather forecasts led to a major run in natural gas prices on Wednesday as hedge funds and money managers rushed to cover their shorts

  • 4 Top Stocks to Gain as Oil Enters Bear Market
    Zacks14 hours ago

    4 Top Stocks to Gain as Oil Enters Bear Market

    Oil movements are quite a chaos right now, thanks to ramped-up production around the globe and weakening demand, particularly from developing economies.

  • Oil and Gas Diverge as Inventories Move in Different Ways
    Bloomberg15 hours ago

    Oil and Gas Diverge as Inventories Move in Different Ways

    Supplies are looking too plentiful for about six months in the global oil market, while gas storage sites in the U.S. are not as full as usual as colder weather begins to lift demand, according to Carsten Fritsch, an analyst at Commerzbank AG. Inventories of oil in industrialized nations have increased for four straight months and are set to jump by 2 million barrels a day next half if current output is maintained, the International Energy Agency said in its monthly report. Once linked by pricing formulas that tie gas prices to oil, the two markets are increasingly diverging with the development of gas futures trading and the spot LNG market.

  • CNBC16 hours ago

    Oilfield in Oman set to get a solar plant to aid its crude production

    As many as 100,000 barrels of "solar steam" could be produced per day.

  • Natural Gas Price Fundamental Daily Forecast – 8-14 Day Forecasts Suggest Reducing Long Positions is Good Idea
    FX Empire20 hours ago

    Natural Gas Price Fundamental Daily Forecast – 8-14 Day Forecasts Suggest Reducing Long Positions is Good Idea

    Traders are now starting to focus on the late November/early December weather patterns. Current forecasts are calling for warmer temperatures during the last week of November, but the models are still uncertain about the first week in December.

  • Reuters22 hours ago

    UAE's ADNOC wants to rival oil majors as it expands in refining, gas

    Abu Dhabi National Oil Co (ADNOC) will remain wholly owned by the Abu Dhabi government and has no plan to go public, but the firm aspires to compete with Big Oil by expanding in refining and gas, ADNOC's CEO told Reuters. ADNOC, which announced two gas deals with France's Total and Italy's Eni this week, will strike more agreements in that sector and seek investment opportunities abroad in liquefied natural gas (LNG), Sultan al-Jaber said. "ADNOC will continue to be wholly owned by one and only one shareholder, and that is the Abu Dhabi government," al-Jaber said.

  • Does Liquefied Natural Gas Limited’s (ASX:LNG) CEO Pay Compare Well With Peers?
    Simply Wall St.yesterday

    Does Liquefied Natural Gas Limited’s (ASX:LNG) CEO Pay Compare Well With Peers?

    In 2016 Greg Vesey was appointed CEO of Liquefied Natural Gas Limited (ASX:LNG). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then Read More...

  • Oil Prices Fall To One-Year Lows
    Oilprice.comyesterday

    Oil Prices Fall To One-Year Lows

    Oil prices fell to a one-year low on Tuesday morning as Saudi Arabia struggles to tighten a market that is looking increasingly oversupplied

  • Gold Price Prediction – Gold Prices Stabilize as Budget Deficit
    FX Empireyesterday

    Gold Price Prediction – Gold Prices Stabilize as Budget Deficit

    Gold prices rebounded near trend line support as the dollar eased and stocks attempted to stabilize. Gold prices gained traction as the euro stabilized as the US announced a larger than expected budget deficit. Gold prices rebounded near support which is an upward sloping trend line that comes in near 1,199.

  • S&P 500 Price Forecast – stock markets bounced softly
    FX Empireyesterday

    S&P 500 Price Forecast – stock markets bounced softly

    Stock markets bounced softly during trading on Tuesday, as we continue to see a lot of noise in the marketplace. The 2750 level in the S&P 500 has caused a bit of resistance, and that could be concerning.

  • Natural Gas Price Forecast – natural gas markets continue to defy gravity
    FX Empireyesterday

    Natural Gas Price Forecast – natural gas markets continue to defy gravity

    Natural gas markets gapped higher again at the open on Tuesday to reach towards the four dollars level above. By doing so, we tested major resistance, and even broke above there initially. However, it appears that there is still a fight on our hands.

  • Will ConocoPhillips Continue to Deliver amid Oil’s Turbulence?
    Market Realistyesterday

    Will ConocoPhillips Continue to Deliver amid Oil’s Turbulence?

    As of November 12, Brent crude oil active futures had fallen 18.3% from their almost four-year closing high of $86.29 per barrel on October 3. However, so far in Q4 2018, Brent crude oil active futures have averaged ~4% higher on a quarter-over-quarter basis. If oil prices trade within a downside limit of ~4% from current levels, with almost half of the period left in Q4 2018, ConocoPhillips (COP) might achieve analysts’ consensus estimate, which is two cents lower than adjusted EPS last quarter. COP has an oil-weighted portfolio of 58%. ...

  • Oilprice.com2 days ago

    Non-OPEC Oil Output Soars Despite Price Slide

    Non-OPEC oil output is set to soar towards the end of this year and next year according to recent OPEC data

  • Reuters2 days ago

    Japan takes South Korea to WTO over financial support for shipbuilders

    Japan has launched a complaint at the World Trade Organization to contest what it says is illegal financial support given by South Korea to commercial shipbuilders, according to a WTO filing published on Tuesday. "The measures in question relate to the development, production, marketing, and/or sale or purchase of commercial vessels, including vessels designed to carry crude oil, liquefied natural gas (LNG), and shipping containers," Japan's complaint said. Japan said South Korea had implemented a range of measures to help its shipbuilders, including "producer support" such as direct financing that enabled shipbuilders to remain afloat in prolonged periods of otherwise unsustainable low pricing.

  • Reuters2 days ago

    Japan takes South Korea to WTO over financial support for shipbuilders

    Japan has launched a complaint at the World Trade Organization to contest what it says is illegal financial support given by South Korea to commercial shipbuilders, according to a WTO filing published on Tuesday. "The measures in question relate to the development, production, marketing, and/or sale or purchase of commercial vessels, including vessels designed to carry crude oil, liquefied natural gas (LNG), and shipping containers," Japan's complaint said. Japan said South Korea had implemented a range of measures to help its shipbuilders, including "producer support" such as direct financing that enabled shipbuilders to remain afloat in prolonged periods of otherwise unsustainable low pricing.