Natural Gas Plunges Ahead of Storage Data

Natural Gas futures tumbled by more than 1.5 per cent during noon trade in the domestic market on Thursday as investors and speculators resorted to a cautious stance ahead of weekly US storage numbers which may show that US gas supplies fell by 159 billion cubic feet last week, compared to a five-year average withdrawal of 165 billion cubic feet.

 

Further, forecasts for warmer-than-normal temperatures in the US over the next two weeks, threatened to curb the need for the heating fuel at offices and homes.
 

About 49 per cent of US households use natural gas for heating purposes. November to March is the peak US gas heating season.
 

At the MCX, Natural Gas futures for February 2016 contract is trading at Rs 136.4 per mmBtu, down by 1.87 per cent, after opening at Rs 138.8, against the previous closing price of Rs 139. It touched an intra-day low of 136.4.

Natural Gas Extends Rally over 3 % During Noon Trade

Natural Gas futures surged by over 3 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity as traders gave thumbs up to last week’s US inventory data which showed a bigger than expected withdrawal of 211 billion cubic feet in gas supplies as cold weather boosted gas-fired heating demand, eroding record high storage levels.

The five-year average for the week ended January 22, 2016 stood at around 170 billion cubic feet, and last year’s withdrawal for the week totaled 115 billion cubic feet.
 

At the MCX, Natural Gas futures for February 2016 contract is trading at Rs 154.5 per mmBtu, up by 3.62 per cent, after opening at Rs 150.5, against the previous closing price of Rs 149.1. It touched an intra-day high of 154.9.

Natural Gas Tanks over 1% on Bearish Weather Outlook

Natural Gas futures sank over 1 per cent in the domestic market on Friday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as forecasts for above-normal temperatures in the eastern US in late January threatened to curb the demand for gas-fired heating at offices in homes in the world’s biggest economy. About 49 per cent of US households use natural gas for heating purposes. November to March is the peak US gas heating season. Adequate storage levels also weighed on sentiment at supplies remain 14.7 per cent higher than levels at this time a year ago and 12.7 per cent above the five-year average for this time of year. At the MCX, Natural Gas futures for January 2016 contract closed at Rs 142.9 per mmBtu, down by 1.18 per cent, after opening at Rs 145.6, against the previous closing price of Rs 144.6.It touched an intra-day low of Rs 141.9.

Natural Gas Plunges Nearly 4% on weather outlook

Natural Gas Updates - Natural Gas futures plummeted by almost 4 per cent in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity as forecasts for a return of milder weather across parts of the US threatened to curb the demand for the heating fuel in the world’s biggest economy. Updated weather forecasting models called for above-normal temperatures in the US Midwest and Northeast later in the month, crimping the need for gas-fired heating at offices and homes. About 49 per cent of US households use natural gas for heating purposes. November to March is the peak US gas heating season. At the MCX, Natural Gas futures for January 2016 contract closed at Rs 153.4 per mmBtu, down by 3.7 per cent, after opening at Rs 158.7, against the previous closing price of Rs 159.3.It touched an intra-day low of Rs 152.3.

Natural Gas surges nearly 6% on upbeat storage data

Natural Gas futures soared in the domestic and overseas market on Thursday as investors and speculators booked fresh positions in the energy commodity as a bigger than expected dip in US storage levels last week signaled a pickup in heating demand for the fuel as cold weather resulted in higher consumption of gas-fired electricity at offices and homes in the world’s biggest economy.
 

           The EIA reported that US gas supplies fell by 113 billion cubic feet to 3.643 trillion cubic feet in the week ended January 1, 2016, against expectations of an inventory withdrawal of 99 billion cubic feet and a prior week’s drawdown of 58 billion cubic feet. US storage withdrawal was 116 billion cubic feet in the same period a year ago while the five-average dip was 129 billion cubic feet. At the MCX, Natural Gas futures for January 2016 contract closed at Rs 160.9 per mmBtu, up by 5.92 per cent, after opening at Rs 152.8, against the previous closing price of Rs 151.9.It touched an intra-day high of Rs 161.3.

Natural Gas Updates - Mild Weather outlook hits Natural Gas

Natural gas futures tanked more than 2.5 per cent in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity as forecasts for mild weather across parts of the US threatened to curb the heating demand for the fuel in the world biggest economy.

Updated weather forecasting models called for warmer than above temperatures to return to the US east coast in the coming week, dimming the need for gas-fired heating at offices and homes.
 

About 49 per cent of US households use natural gas for heating purposes. November to March is the peak US gas heating season
 

At the MCX, Natural Gas futures for January 2016 contract closed at Rs 152.7 per mmBtu, down by 2.74 per cent, after opening at Rs 156, against the previous closing price of Rs 157 .It touched an intra-day low of Rs 152.3.

Natural Gas Retreats On Profit Booking

Natural Gas futures succumbed to profit booking in the domestic market in late morning trade on Tuesday following the nearly 9 per cent surge in recent sessions when forecasts for colder weather across the US Midwest in the coming days, raised hopes of a pickup in gas-fired heating demand at offices and homes in the world’s biggest gas consuming nation.  About 49 per cent of US households use natural gas for heating purposes. November to March is the peak US gas heating season.
 

However, supplies of the fuel in the US remain 14.1 per cent higher than levels at this time a year ago and 8.4 per cent above the five-year average for this time of year, weighing on sentiment.

At the MCX, Natural Gas futures for December 2015 contract is trading at Rs 126.9 per mmBtu, down by 0.63 per cent, after opening at Rs 127.1, against the previous closing price of Rs 127.7. It touched an intra-day low of Rs 126.6.

Natural Gas flat Ahead of Supply Data On Domestic Market

 Natural Gas - Natural Gas prospects were exchanging level amid twelve exchange the household market on Wednesday as financial specialists and theorists remained focused sidelines in front of Thursday's US stockpiling information while gentle climate gauges for the US in right on time December darkened the interest standpoint for the warming fuel.
 

The EIA might on Thursday say that US gas inventories fell by 5 billion cubic feet in the week finished November 27, 2015.
 

Most recent climate estimating models called for gentle climate in the US in ahead of schedule December, constraining the requirement for gas-let go warming at workplaces and homes.
 

At the MCX, Natural Gas prospects for December 2015 contract is exchanging at Rs 147.7 for each mmBtu, unaltered, in the wake of opening at Rs 148.5, against the past shutting cost of Rs 147.7.

Natural Gas Rebounds On Cold Weather Outlook

Mcx tips - Natural Gas futures on Monday recouped some of the losses it suffered in the previous session, when prices of the energy commodity tanked over 6 per cent, as forecasts for cooler than normal weather over the next two weeks bolstered the demand for the heating fuel in the world’s biggest economy.
 

Updated weather forecasting models called for lower-than-normal temperatures across parts of the US through early December, bolstering the need for gas-fired heating demand. November to March is the peak US gas heating period. About 49% of US households use natural gas for heating purposes.
 

At the MCX, Natural Gas upcoming future for Nov 2015 contract closed at Rs 145.4 per mmBtu, up by 1.25 per cent, after opening at Rs 140.6, against the previous closing price of Rs 143.6. It touched an intra-day high of Rs 146.3.

 

 

Read More - Mcx tips

Natural Gas Rallies Ahead of Storage Data

 

Natural Gas ended higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the international market as traders looked ahead to weekly inventory data set for release on 05 Nov, which may indicate the strength of demand for the fuel in the world’s biggest fuel consumer.

The EIA may say on Thursday that US gas supplies probably rose 60 billion cubic feet in the week ended October 30, below the prior week’s 63 billion cubic feet injection and compared to a 91 billion cubic feet build in the same period a year ago and a 68 billion cubic feet five-year average increase.
 

 

November to March is the peak US gas heating season. About 49% cent of US households use natural gas for heating purposes.


At the MCX, Natural Gas futures for November 2015 contract closed at Rs 149.7 per mmBtu, up by 0.54 per cent, after opening at Rs 149.5, against the previous closing price of Rs 148.9. It touched an intra-day high of Rs 152.4.

Read More - free commodity Tips

Natural Gas logs Mild Gains Despite Mild Weather Outlook

NaturalGas futures posted mild to modest gains in the domestic market on Tuesday even as forecasts for mild weather in the US in the coming days threatened to curb heating demand for the energy commodity.

Latest updates from the Global Weather Forecast System showed that temperatures in the lower 48 US states would be cool but will remain above-normal levels over the next two weeks, reducing the need for gas-fired heating in the world’s biggest economy.

About 49 per cent of US households use natural gas for heating purposes.

At the MCX, Natural Gas futures for October 2015 contract closed at 161.2 Rs per mmBtu, up by 0.25 per cent, after opening at Rs 161.3, against the previous closing price of Rs 160.8. It touched an intra-day high of Rs 163.3.

 

 

Read More -  Ncdex tips