News & Analysis - Natural Gas
Houston (Platts)--27 Aug 2015 454 pm EDT/2054 GMT
The NYMEX September natural gas futures contract rolled off the board at
$2.638/MMBtu Thursday, down 5.5 cents, following a storage report that showed
a build that was above analysts' expectations.
London (Platts)--27 Aug 2015 947 am EDT/1347 GMT
The annual gap between UK natural gas stocks this year compared to 2014
levels narrowed to a six-month low on Tuesday with strong injections in the
second half of August despite storage spreads on the NBP hub less favorable
than in previous months, data from the National Grid showed Thursday.
Nigeria's president Buhari has more than lived up to his pledge to clean up the oil sector -- the sweeping changes across state oil firm NNPC in only a few months have been nothing short of staggering.
Also in this feature
The hot weather across parts of the US this summer has slowed natural gas storage injections and quieted forwards and spot markets, except for the Northeast. Platts senior editor Brian Scheid tackles a question that's key to the Obama administration: Whether the administration's climate goals are at odds with the ongoing shale boom. In Asia, summer is typically characterized by an increase in power demand. What makes this summer different and how is it affecting LNG prices?
Spot natural gas prices in the US Gulf Coast made small moves in either direction Monday on cooler-than-normal weather forecasts around the country and weakness in the NYMEX February futures contract. The cash price at Henry Hub edged a couple of cents lower to average around $2.90/MMBtu on IntercontinentalExchange. New Orleans is forecast to see highs in the mid-50s Jan 13, about 7 degrees below normal.