NGK19.NYM - Natural Gas May 19

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
2.69
-0.02 (-0.81%)
As of 4:18PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2019-04-26
Open2.70
Bid2.69
Last Price2.71
Day's Range2.68 - 2.71
Volume12,256
Ask2.69
  • Market Realist2 hours ago

    Oil Is Steering Natural Gas–Weighted Stocks’ Returns

    On October 10–17, our list of natural gas–weighted stocks fell 0.3%, while natural gas November futures rose 1.1%. On average, natural gas–weighted stocks underperformed natural gas futures during this period.

  • Natural Gas–Weighted Stocks Are More Aligned to Oil Prices
    Market Realist4 hours ago

    Natural Gas–Weighted Stocks Are More Aligned to Oil Prices

    The natural gas–weighted stocks under review that are sensitive to US crude oil November futures’ movements based on their correlations with US crude oil November futures in the last five trading sessions are: Chesapeake Energy (CHK) at 92.2% Southwestern Energy (SWN) at 88.7% Gulfport Energy (GPOR) at 86.6% Cabot Oil & Gas (COG) at 79.7% Antero Resources (AR) at 78.6%

  • Oilprice.com5 hours ago

    Is Saudi Arabia About To Enter The Arctic Gas Game?

    As the United States and Saudi Arabia feud escalates, Aramco is looking to invest in Russia’s Arctic LNG project, complicating the geopolitical landscape further

  • Reuters5 hours ago

    Nasdaq Commodities quits oil contracts, to list new products in France and Germany

    The Nasdaq Commodities exchange will delist its remaining fuel oil contracts that are expiring in 2019 and launch a new natural gas monthly future contract in France and options for the German only electricity market in November, it said on Thursday. The planned delisting is the last step in the complete closure of the current fuel oil product offering at Nasdaq Commodities, the exchange said. The new French natural gas contract is planned to go live for trading and clearing on November 1, while the European style options for the German only electricity market yearly and monthly contracts should come on November 19, Nasdaq Commodities said.

  • Associated Press5 hours ago

    The Latest: Fire burning in California gas storage area

    BAY POINT, Calif. (AP) — The Latest on a fire threatening a natural gas pipeline in the San Francisco Bay Area (all times local):

  • Which Gas-Weighted Stocks Follow Natural Gas’s Eight-Month High?
    Market Realist5 hours ago

    Which Gas-Weighted Stocks Follow Natural Gas’s Eight-Month High?

    On October 17, natural gas November futures rose 2.5% and settled at $3.32 per MMBtu (million British thermal units)—the highest closing level for active natural gas prices since January 29. According to Reuters, for the next two weeks, Refinitiv analysts have increased the total degree days from 225 on October 16 to 227 on October 17 in the Lower 48 US states. The increase might result in slightly higher natural gas use for heating than previously expected. The total degree days are still higher than the 30-year average of 188 for these weeks.

  • Oil-Weighted Stocks at Maximum Risk, Oil Declines
    Market Realist5 hours ago

    Oil-Weighted Stocks at Maximum Risk, Oil Declines

    On October 17, US crude oil November futures fell 3% and closed at $69.75 per barrel—below $70 for the first time since September 18. Bearish inventory data might be behind the downside in oil prices.

  • Reuters9 hours ago

    FOCUS-Exxon Mobil bets big on China LNG, sidesteps trade war

    HOUSTON/SINGAPORE, Oct 17 (Reuters) - In the middle of a Sino-U.S. trade war, the world's largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the threat of tariffs. Exxon Mobil Corp is placing big bets on China's soaring liquefied natural gas (LNG) demand, coupling multi-billion dollar production projects around the world with its first mainland storage and distribution outlet. Its gas strategy is moving on two tracks: expanding output of the super-cooled gas in places such as Papua New Guinea and Mozambique, and creating demand for those supplies in China by opening Exxon's first import and storage hub, according to an Exxon manager and people briefed on the company's plans.

  • Reuters10 hours ago

    (OFFICIAL)-UPDATE 1-Exxon Mobil signs framework agreement on LNG supply with Zhejiang Energy

    Exxon Mobil Corp has signed a framework agreement to supply liquefied natural gas to Zhejiang Provincial Energy Group, a senior executive said on Thursday, marking Zhejiang Energy's first long-term supply deal. Peter Clarke, president of Exxon Mobil gas and power marketing, was speaking at the International Petroleum and Natural Gas Enterprise conference at Zhoushan, near Shanghai. Exxon Mobil is stepping up its efforts to meet soaring LNG demand, coupling multi-billion dollar production projects around the world with its first mainland storage and distribution outlet.

  • Crude Oil Price Forecast – crude oil markets get hit hard on Wednesday
    FX Empire17 hours ago

    Crude Oil Price Forecast – crude oil markets get hit hard on Wednesday

    Crude oil markets got hammered during the trading session on Wednesday, reaching down towards major support. As I record this, it looks as if the buyers are starting to come back though, so it will be interesting to see whether we can bounce or not.

  • Natural Gas Price Forecast – natural gas markets continue to grind
    FX Empire17 hours ago

    Natural Gas Price Forecast – natural gas markets continue to grind

    Natural gas markets continued to grind during the trading session on Wednesday, as we continue to struggle with these high levels. The market has recently been very bullish, but the last several days have been more about digestion than anything else.

  • GBP/USD Price Forecast – British pound falls to support
    FX Empire17 hours ago

    GBP/USD Price Forecast – British pound falls to support

    The British pound fell on Wednesday, extending down to the 1.31 level, an area that should be supportive based upon the gap at the open of the weekend of course previous action.

  • GBP/JPY Price Forecast – British pound pulls back on Wednesday
    FX Empire17 hours ago

    GBP/JPY Price Forecast – British pound pulls back on Wednesday

    The British pound pulled back during the trading session on Wednesday, reentering the gap that had formed at the beginning of the week. It does look as if the buyers are trying to come back though, and I think that the ¥146.50 level should of course be interesting as well.

  • Reuters18 hours ago

    Exxon Mobil looks to sign LNG supply deal with Zhejiang Energy - executive

    Exxon Mobil Corp is looking to sign a long-term liquefied natural gas supply deal with Zhejiang Provincial Energy Group, a senior executive said on Thursday, which would be Zhejiang Energy's first long-term ...

  • U.S. And Europe Divided On The Future Of Oil
    Oilprice.comyesterday

    U.S. And Europe Divided On The Future Of Oil

    Oil majors in Europe and the U.S. appear to hold very different views when it comes to the future of oil and the speed of the next energy revolution

  • Rising Rigs Might Offset Natural Gas’s Rise
    Market Realistyesterday

    Rising Rigs Might Offset Natural Gas’s Rise

    The natural gas rig count was at 193 last week—four more than the previous week. However, the natural gas rig count has fallen ~88% from its record level of 1,606 in 2008.

  • Poland's PGNiG finalises LNG deal with U.S.' Venture Global
    Reutersyesterday

    Poland's PGNiG finalises LNG deal with U.S.' Venture Global

    Poland's dominant gas firm PGNiG has finalised the terms of a deal to buy liquefied natural gas (LNG) from U.S. company Venture Global LNG, part of a move to cut reliance on Russian supply, the company said on Wednesday. PGNiG struck an agreement with Venture Global in June to acquire 2 million tonnes of LNG a year for 20 years, equivalent to 2.7 billion cubic metres of natural gas after regasification. It has now signed contracts with two Venture Global subsidiaries running from 2022 and 2023 respectively, under which it will buy the LNG under the Free on Board (FoB) formula, meaning the seller pays for loading and the buyer pays other costs to destination.

  • Futures Spread: Less Bullish Sentiments for Natural Gas
    Market Realistyesterday

    Futures Spread: Less Bullish Sentiments for Natural Gas

    On October 16, the natural gas futures for November closed at a premium of ~$0.42 to the November 2019 futures. On October 9, the futures spread was at a premium of $0.46. On October 9–16, natural gas November futures fell 0.8%.

  • Will Natural Gas’s Consolidation End?
    Market Realistyesterday

    Will Natural Gas’s Consolidation End?

    On October 16, natural gas November futures fell 0.1% and settled at $3.239 per MMBtu (million British thermal units).

  • Bloombergyesterday

    Egypt Planning New Oil, Gas Contracts to Attract Investors

    Italian firm Eni SpA’s discovery of the giant offshore Zohr gas field in 2015 reignited waning investor interest in Egypt’s oil and gas industry, the country’s biggest single source of foreign direct investment. Under the new system, companies would bear the cost of exploration and production in return for a share of the output, and they would be free to sell to whomever they wish, said the officials, who asked not to be identified because the discussions are private. The oil ministry didn’t immediately respond to requests for comment.

  • Natural Gas Price Fundamental Daily Forecast – Likely to Straddle $3.306 Until EIA Data is Released on Thursday
    FX Empireyesterday

    Natural Gas Price Fundamental Daily Forecast – Likely to Straddle $3.306 Until EIA Data is Released on Thursday

    Unless the forecasts call for extreme cold temperatures or an extended cold spell, the $3.409 top will be hard to exceed at this time. If you recall, this top was put in last week during the height of the hurricane scare. At the same time, unless we see a large jump in production or injections, the bottom at $3.202 is likely to remain intact over the near-term.

  • Reuters2 days ago

    India's H-Energy says to delay start of LNG terminal until 2019

    India's H-Energy on Wednesday said it expected to delay the start-up of a liquefied natural gas (LNG) terminal in the west of the country until the first quarter of next year. The terminal had been slated to start full commercial operations by the final quarter of 2018, but that was likely to be pushed back after heavy monsoon rains affected the laying of a pipeline, said Rahul Tiwari, senior LNG trader at the company. The 60-km (37-mile) pipeline connects the 4 million metric tonnes per annum (mmtpa) terminal at the port of Jaigarh to the national gas grid at Dabhol.

  • CNBC2 days ago

    Asia's natural gas prices are rising. Now higher oil prices and tariffs could cause more pain

    Prices of Asia's liquefied natural gas are set to go up on the back of surging oil prices and tightening supplies, analysts say.

  • Silver Price Forecast – Silver markets continue to show strength
    FX Empire2 days ago

    Silver Price Forecast – Silver markets continue to show strength

    Silver markets continue to show signs of strength on Tuesday, reaching towards the $14.90 level before running into resistance. Silver markets will continue to trade based upon the US dollar, so make sure you are paying attention to how it is doing.

  • Natural Gas Price Forecast – natural gas markets fall on Tuesday
    FX Empire2 days ago

    Natural Gas Price Forecast – natural gas markets fall on Tuesday

    Natural gas markets fell again on Tuesday, as we continue to go back and forth at these elevated levels. The $3.30 level has been resistance more than once, so we pulled back to the $3.20 level.