All posts tagged: NatGas

CME Halts All Metals, NatGas Markets Due To “Technical Issues”

CME Halts All Metals, NatGas Markets Due To “Technical Issues”

Published by Jenni Sidey

At around 1300ET, the Chicago Mercantile Exchange (CME) halted trading of all metals and NatGas contracts (futures and options) due to ‘technical issues’. Additionally, all day orders and GTDs with today’s date will be cancelled. All GTCs that have been acknowledged will remain working. Since the halt, spot prices for gold have declined… NatGas futures trading has re-opened (lower)… CME says that Globex Metals futures and options markets will Pre-open at 13:31 Central Time and Open at 13:45 Central Time. Developing… Loading recommendations… Source link

US NatGas Poised For Biggest Weekly Spike On Record As “Blizzard Of ’96” Fears Resurface

US NatGas Poised For Biggest Weekly Spike On Record As “Blizzard Of ’96” Fears Resurface

Published by Jenni Sidey

U.S. natural gas futures are on pace for the largest weekly increase on record, according to Bloomberg data spanning more than 35 years. An Arctic air invasion of the eastern half of the US, combined with the increasing risk of a major winter storm stretching from Texas through the Mid-Atlantic and into the Northeast by this weekend, has triggered sharp upside repricing and panic-style buying in NatGas futures. As of Wednesday morning, New York NatGas futures are up another 19%. Combined with earlier gains this week, prices have jumped roughly 50% so far. If these gains are sustained through Friday, it would mark the largest weekly increase in NatGas on record, going back to 1990. The sharp repricing of NatGas futures nearly sent prices to the $5 level earlier in the trading session. We have documented the incoming cold blast and winter storm threats, with impacts on energy markets in the last five days: Ranald Falconer, a derivatives trader at Goldman, provided clients with more color on what could be a historic cold blast for …

US NatGas Spikes Most Since Ukraine Invasion On Arctic Blast, Major Winter Storm Threat

US NatGas Spikes Most Since Ukraine Invasion On Arctic Blast, Major Winter Storm Threat

Published by Jenni Sidey

US natural gas futures surged for a second straight session as an Arctic cold blast and mounting winter storm threats forced traders to reassess energy demand, with heating demand across much of the eastern US now forecast to surge sharply. As of 09:00 ET, NatGas futures are up nearly 27%, marking the largest intraday jump since Russia’s invasion of Ukraine in late January 2022. The move comes as weather models flipped sharply colder, now forecasting a massive deep freeze across the eastern half of the country through the end of the month. NatGas prices are set to reclaim the $4 per mmbtu level. Average temperatures across Washington, DC, are plunging and could average around 10°F by the weekend. This cold blast is far more extreme than the one in the first half of December. Notably, this period typically coincides with the most intense part of winter. The cold blast has sent the heating demand forecast for the next two weeks through the roof. More details on the cold blast: A colder outlook indicates a higher …

High-Pressure NatGas Line Ruptures Outside Los Angeles, Forcing Major Highway Shutdown

High-Pressure NatGas Line Ruptures Outside Los Angeles, Forcing Major Highway Shutdown

Published by Jenni Sidey

A rupture of a high-pressure 34-inch natural gas transmission line late Saturday afternoon forced the temporary closure of Interstate 5 north of Los Angeles for several hours and led to a shelter-in-place order for thousands of residents in Castaic. Capt. Brian Knight, a spokesman for L.A. County Fire, told ABC News that a loud blast was reported around 4:20 p.m. local time. Knight said there were no reports of any injuries. BREAKING: A massive 36-inch underground natural gas pipeline rupture sent high-pressure gas spewing into the air across the Santa Clarita Valley moments ago, prompting emergency evacuations and shelter-in-place orders in the Castaic area. The rupture was reported shortly before… pic.twitter.com/37GsIfx9fI — Austin Dave (@AustinDave_) December 28, 2025 WATCH: Loud booms heard as major gas line explosion triggers shelter-in-place in Castaic, California https://t.co/7pHnuSxNVu pic.twitter.com/0Xf8jcviAe — Rapid Report (@RapidReport2025) December 28, 2025 The damaged line was identified as a 34-inch, 600-psi transmission pipeline that released NatGas into the air and led to a shelter-in-place order for 14,900 people across the Charley Canyon, Hillcrest, and Wayside communities. …