NGV19.NYM - Natural Gas Oct 19

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
2.658
-0.017 (-0.64%)
As of 3:58PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2019-09-26
Open2.673
Bid2.647
Last Price2.675
Day's Range2.649 - 2.673
Volume1
Ask2.703
  • Natural Gas Price Fundamental Weekly Forecast – Lower Temperatures, Rising Production Too Much for Bulls to Handle
    FX Empire18 hours ago

    Natural Gas Price Fundamental Weekly Forecast – Lower Temperatures, Rising Production Too Much for Bulls to Handle

    Other than a periodic short-covering rally due to profit-taking and position-squaring, we’re likely to see a test of the May bottom at $2.711 or lower. This week, investors are going to continue to focus on rising production and the weather.

  • Europe keeps setting clean-energy records
    Quartzyesterday

    Europe keeps setting clean-energy records

    This week, two of the biggest economies in Europe set new records for clean energy. The UK’s electrical grid has not burned any coal for about 1,000 hours so far this year. Though it’s just a symbolic achievement, the pace at which the UK is reaching such figures shows the pace of the energy transition.…

  • AUD/USD Price Forecast – Australian dollar falls hard to open the day
    FX Empire2 days ago

    AUD/USD Price Forecast – Australian dollar falls hard to open the day

    The Australian dollar has fallen rather hard during the opening hours of the Friday session, but I also have seen a lot of support near the 0.7350 region. This is an area that has seen a lot of demand as of late, so it will be interesting to see whether we can break down below it.

  • Higher gas prices doesn’t hurt the U.S. economy as much anymore, the Fed says
    MarketWatch2 days ago

    Higher gas prices doesn’t hurt the U.S. economy as much anymore, the Fed says

    Higher oil and gasoline prices just don’t hurt the U.S. economy like they used to anymore. Here’s why.

  • TheStreet.com2 days ago

    3 Natural Gas Stocks That Could Catch Fire From Trump's NATO War

    President Trump's standoff against NATO's cost burden this week, particularly towards Germany, signaled the markets of his stance against Russia by emphasizing Europe's dependency on Russian's natural gas. Germany has a strong dependence on Russian gas, preventing Europe from having a consensus position against Russia's prior invasion of Crimea and the intervention of the European Union to support Ukraine.

  • Piedmont Natural Gas plans $250M storage project in North Carolina
    American City Business Journals2 days ago

    Piedmont Natural Gas plans $250M storage project in North Carolina

    Piedmont Natural Gas plans to spend about $250 million to build a liquefied natural gas-storage facility in Robeson County, capable of holding one billion cubic feet of natural gas.

  • Reuters3 days ago

    Total closes $1.5 billion deal for Engie's upstream LNG business

    French oil and gas major Total (TOTF.PA) said on Friday that it has completed a $1.5 billion (1.14 billion pounds) deal to acquire Engie's (ENGIE) upstream Liquefied Natural Gas (LNG) business to become the second-largest player in the global LNG market. Under the deal, Total said it would make additional payments of up to $550 million to Engie if there was an improvement in the oil markets in the coming year. Total Chief Executive Patrick Pouyanne said in a statement that the deal will give the company a worldwide market share of 10 percent.

  • S&P 500 Price Forecast – S&P 500 rallies into this session
    FX Empire3 days ago

    S&P 500 Price Forecast – S&P 500 rallies into this session

    The Thursday the CFD markets saw the S&P 500 futures rally into the US trading session, reaching towards the 2790 level. However, there is a lot of supply just above, in the form of the 2800 level. That resistance being broken to the upside would be a big sign of bullish pressure though.

  • Crude Oil Price Forecast – crude oil markets stabilize on Thursday
    FX Empire3 days ago

    Crude Oil Price Forecast – crude oil markets stabilize on Thursday

    Crude oil markets were absolutely pummeled on Wednesday, but Thursday has been a fairly quiet affair. That’s good, because quite frankly the selloff had been so brutal that the markets need to take a bit of a breather.

  • Natural Gas Price Analysis – Prices Form Inside Day Despite Meager Inventory Build
    FX Empire3 days ago

    Natural Gas Price Analysis – Prices Form Inside Day Despite Meager Inventory Build

    Natural gas prices eased lower on Thursday despite a smaller than expected build in natural gas inventories. The EIA reported that working gas in storage was 2,203 Bcf as of Friday, July 6, 2018. This represents a net increase of 51 Bcf from the previous week.

  • Reuters3 days ago

    Exxon beefs up Mozambique LNG project to cut costs ahead of bank talks

    Exxon Mobil will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant's supply and formally tap lenders in September, the company told Reuters. The U.S. oil giant took charge of the East African LNG project's onshore operations following a $2.8 billion deal with Italy's Eni last year, adding to its slate of planned gas projects in Qatar, Papua New Guinea, Russia and the United States. It now aims to build the world's biggest liquefaction units, or trains, outside Qatar, in Mozambique's remote north, shelving former operator Eni's more modest blueprint in pursuit of cost savings to boost returns on investment.

  • US Crude Oil Inventories Fell the Most in Almost Two Years
    Market Realist3 days ago

    US Crude Oil Inventories Fell the Most in Almost Two Years

    On July 11, the EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report. The EIA reported that US crude oil inventories decreased by 12.6 MMbbls (million barrels) to 405.3 MMbbls on June 29–July 6—the largest weekly decline since September 2, 2016. The inventories are also near the lowest level since February 20, 2015. The inventories dropped by 90 MMbbls or 18.2% year-over-year. A Reuters survey estimated that US crude oil inventories could have declined by 4.5 MMbbls on June 29—July 6.

  • Forget Crude Price Plunge: Buy 5 Oil Stocks on Strong Demand
    Zacks4 days ago

    Forget Crude Price Plunge: Buy 5 Oil Stocks on Strong Demand

    The global demand for petroleum remains firm and is anticipated to grow next year.

  • Is the Natural Gas Market Losing Hope for Higher Prices?
    Market Realist4 days ago

    Is the Natural Gas Market Losing Hope for Higher Prices?

    On July 10, natural gas August futures closed at a premium of ~$0.11 to August 2019 futures. On July 3, the futures spread was at a premium of ~$0.17. On July 3–10, natural gas August futures fell 2.9%.

  • Kremlin says new gas pipeline to Germany will help stability
    Associated Press4 days ago

    Kremlin says new gas pipeline to Germany will help stability

    MOSCOW (AP) — The Kremlin says a new prospective natural gas pipeline to Germany will help increase regional stability and strengthen ties between Russia and the West.

  • Fortune4 days ago

    The U.S. Could Soon Reclaim the World’s Oil Crown

    For the first time since the mid-1970s.

  • Natural Gas Price Forecast – natural gas rallies on Wednesday
    FX Empire4 days ago

    Natural Gas Price Forecast – natural gas rallies on Wednesday

    Natural gas markets rallied a bit during the day on Wednesday, recapturing the $2.80 level. This of course is a bullish move, and I think at this point it makes sense that we will probably continue to go a little bit higher as we have cleared the large round number. However, my longer-term analysis has not changed.

  • CNBC4 days ago

    Coal is bucking trade war fears as China's demand surges

    The commodities sector has been hit by escalating trade tensions between Washington and Beijing, but coal is bucking that trend as China's demand for the fossil fuel remains high.

  • Reuters4 days ago

    Alaska officials still bullish on China nat gas partnership

    Alaska officials on Wednesday said they remain confident that China will help the state achieve its decades-old dream of building a pipeline to carry now-stranded natural gas from the North Slope to markets, despite growing U.S.-China trade tensions. China is expected to buy about 75 percent of the liquefied natural gas shipped through the yet-to-be-built pipeline, so any tariffs that result from trade disputes could cause problems, Alaska Gasline Development Corp Vice President Lieza Wilcox said at a legislative hearing in Anchorage on Wednesday.

  • Reuters4 days ago

    Booming LNG market steps out of the dark as transparency push grows

    Long dominated by deals struck in secret, the $230 billion liquefied natural gas industry is slowly seeing light as global traders push for more transparency in the booming market. Over the past two months, commodity price agency S&P Global Platts and Australia-headquartered LNG trading marketplace Global LNG Exchange (GLX) facilitated the first transparent physical trades in their platforms. It was the first time in nearly a decade since Platts kicked off its Asian LNG derivative price assessment that it disclosed trading parties of a physical trade on its platform.

  • Natural Gas Price Prediction – Rebounds but Trend Points to Lower Prices
    FX Empire4 days ago

    Natural Gas Price Prediction – Rebounds but Trend Points to Lower Prices

    Natural gas prices bounced from session lows making a lower low which keeps the downtrend in place. Traders await Thursday inventory report from the Department of Energy. While producer prices in the U.S. increased by more than expected rising by 3.5% year over year, it was pulled down by natural gas prices which are lower on a year over year basis.

  • Donald Trump looks like he’s trying to blow up NATO before his meeting with Vladimir Putin
    Quartz4 days ago

    Donald Trump looks like he’s trying to blow up NATO before his meeting with Vladimir Putin

    Donald Trump arrived at the NATO summit in Brussels in an ornery mood. He immediately insulted Germany, falsely claimed that “many” NATO members owed the US money, and demanded that these countries double their existing defense spending commitment to 4% of GDP. In response to Trump’s previous criticisms of the organization, European nations have already…

  • Investopedia4 days ago

    North and South Korean Reunification: What Would the Economic Consequences be?

    Until recently, the prospect of a united North and South Korea seemed far off. Through the heavily-armed military fencing that divides the two Koreas, few signs of reunification are apparent. The bellicose nuclear ambitions of the North, United Nations sanctions against their economy, and repeated human rights violations on the part of the government have all made unification less and less likely.

  • The Zacks Analyst Blog Highlights: Enbridge, Chevron, Core Laboratories N.V. and National Oilwell Varco
    Zacks4 days ago

    The Zacks Analyst Blog Highlights: Enbridge, Chevron, Core Laboratories N.V. and National Oilwell Varco

    The Zacks Analyst Blog Highlights: Enbridge, Chevron, Core Laboratories N.V. and National Oilwell Varco

  • E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – July 11, 2018 Forecast
    FX Empire4 days ago

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – July 11, 2018 Forecast

    Based on the early price action, the direction of the September E-mini NASDAQ-100 Index today is likely to be determined by trader reaction to the steep uptrending Gann angle at 7212.00. This angle held earlier as support. Basically, we’re looking for an upside bias to develop on a sustained move over 7254.50 and for a downside bias to develop on a sustained move under 7212.00. Holding between these two numbers will indicate investor indecision.