Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

NYMEX September natural gas settles 8.9 cents higher on bullish storage report

LNG | Natural Gas | Natural Gas (North American)

Business models clash as Gastech continues in Houston

Natural Gas | Oil

Platts Wellscape P2P

Commodities | Energy | Electric Power | Emissions | Renewables | Natural Gas | Natural Gas (North American)

Northeast Power and Gas Markets Conference, 14th Annual


Asian gasoline retreats on Saudi reassurance it will restore output in 2 weeks

NYMEX September natural gas settles 8.9 cents higher on bullish storage report

Houston — The NYMEX September natural gas contract rose in Thursday trading on the back of a bullish storage report posted by the Energy Information Administration.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The front-month contract settled at $2.232/MMBtu, 8.9 cents up from Wednesday's settlement. The contract wandered in a range of $2.138-$2.267/MMBtu.

"More people are thinking this is a really nice level to buy, if not for this month, then the next month," said John Woods of JJ Woods Associates. "People are establishing a longer position in the latter months."

Click here for full-size graphic

The EIA reported an estimated 49 Bcf injection into national gas stock for the week ended August 9, significantly below the 57 Bcf predicted by a consensus of analysts surveyed by S&P Global Platts. However, the injection was still 16 Bcf above the 33 Bcf at this time last year and 1 Bcf over the five-year average of 48 Bcf over the same period. The Midwest saw the largest increase in gas stock with 28 Bcf, according to the EIA.

Working gas in storage sits at 2.74 Tcf, 15% above year-ago levels but at a 3.9% deficit to the five-year average, EIA data shows.

Looking ahead, the most recent eight- to 14-day weather outlook from the National Weather Service predicts warmer-than-average temperatures for the Northeast and Midwest, which could support prices. The Northeast is forecast to experience a hot spell, with temperatures averaging 78.6 F over the upcoming week, 2.7 degrees higher than the 75.9 averaged over the same period last year, Platts Analytics data shows.

US dry production is forecast to rise from Thursday's 89.3 Bcf to an average of 89.7 Bcf/d over the next eight to 14 days, according to Platts Analytics.

The NYMEX settlement price is considered preliminary and subject to change until a final settlement price is posted at 7 pm EDT (2300 GMT).

-- Humza Jamal,

-- Edited by Richard Rubin,