Natural Gas -3X Inverse ETN Velocityshares (DGAZ)

U.S. regulator blames 'inadequate processes' for Freeport LNG blast (NYSEARCA:UNG)

U.S. natural gas futures rose Wednesday, reversing earlier losses as colder weather forecasts appeared to outweigh expectations that the restart of the Freeport LNG export plant will...

Waha natural gas prices drop to negative for first time since April (NYSEARCA:UNG)

Spot natural gas prices at the Waha hub in the Permian Basin turn negative for the first time since April, Reuters reports, as mild weather cuts demand for the fuel.But longer term, Waha forwards trade at their highest levels in years on expectations gas supplies from oil drilling in the Permian and other shale basins will decline, after companies cut rigs because of low crude prices this year.Next-day prices at Waha fell to an average of -$0.32/MMBtu for Monday, their lowest since falling to -$3.67 in April, while forward contracts averaged $1.90/MMBtu for the rest of 2020 and $2.84 for 2021, which would be the highest in a year since 2014 when prices averaged $4.30/MMBtu.The data compares with an average of $0.94/MMBtu so far this year, $0.91 in 2019, and a five-year 2015-19 average of $2.11.ETFs: UNG, UGAZF, DGAZ, BOIL, FCG, KOLD, UNL, GAZ, GAZB

Nat gas extends rally to surge to highest since March 2019 (Commodity:NG1:COM)

Natural gas prices (NG1:COM) jumped to their highest level in more than a year and a half, extending their ~60% surge over the past three months and 14% this month as traders prepare for colder temperatures and assess the impact of Hurricane Delta, which forced energy companies to shut in some gas production ahead of the storm.November futures settled +5.1% to $2.881/MMBtu to their highest close since March 2019, as the latest forecasts point to colder weather across much of the U.S.

Nat gas tumbles by most in two years after stockpile gain (Commodity:NG1:COM)

Natural gas futures (NG1:COM) fell the most in nearly two years, with the October contract settling -9.9% to $2.042/MMBtu after a larger than forecast increase in stockpiles surprised analysts and revived concerns that the natural gas glut will increase.Today's report from the Energy Information Administration showed U.S.

Phillips 66 shuts Lake Charles refinery ahead of storm (NYSE:PSX)

In preparation for tropical storms Laura and Marco, Phillips 66 (NYSE:PSX) says it is shutting down its Lake Charles manufacturing complex in Louisiana, which includes its 260K bbl/day refinery.Earlier, Valero and Motiva Enterprises said they were shutting their Port Arthur, Tex., refineries ahead of the back-to-back storms.Oil and gas producers have shut-in 1.5M bbl/day of oil production in the U.S.

October U.S. LNG cargo cancellations seen dropping to lowest in months (NYSEMKT:LNG)

Buyers are expected to cancel 10 or fewer cargoes of liquefied natural gas for October loading from the U.S., the lowest number in months as prices in Asia and Europe recover, Reuters reports, citing trade sources.The result would rank much lower than the 25 cargoes likely canceled for loading in September and the 40-45 likely canceled in July and August."We expect winter LNG spot prices to rise to $5-$6/MMBtu as the market tightens," Bernstein analysts say.

Pricing disconnect sends triple-inverse NatGas ETN up $10K

A triple-inverse natural gas ETN that trades on the pink sheets is rocketing more than $10K higher due to a price disconnect.The VelocityShares 3x Inverse Natural Gas ETF, which used to trade as (NYSEARCA:DGAZ), but now trades over-the-counter as (DGAZF), is up 340%, or $10.2K, to $13.2K.Credit Suisse may have to shutter it as "pricing broke down and the exchange-traded note closed with a 645% premium to net asset value yesterday, and it traded as much as 3,900% above NAV because market makers lack the ability to create new shares to meet demand," ZeroHedge says, citing Bloomberg ETF analyst James Seyffart.The VelocityShares 3x Long Natural Gas (UGAZF) is trading down 4%. Natural gas futures (NG1:COM) are down 1.1% and U.S.

Natural gas rallies as traders eye Gulf of Mexico storm activity (Commodity:NG1:COM)

Natural gas futures (NG1:COM) settle +6.2% to $1.785/MMBtu for their highest close since July 10, as traders watch a tropical depression building off the coast of Texas that may develop into Tropical Storm Hanna."The storm is likely to hit an area with offshore oil and gas production assets, which may temporarily reduce gas production in the near-term," writes Schneider Electric commodity analyst Christin Redmond."f forecasts begin to call for late summer heat waves, we could see nat gas make a run back above the $2.00 mark," Redmond adds.Meanwhile, weekly U.S.

LNG buyers cancel U.S. cargoes but pace slows - Reuters (NYSEMKT:LNG)

Buyers of liquefied natural gas from the U.S. continued to cancel September loadings due to weak global gas demand but fewer cargoes were canceled than for July and August, Reuters reports.The exact number of cancellations is not known, with sources estimating as few as 15 or more than 26, but the estimates were well below the 40-45 cancellations reported in both July and August.A possible reason that fewer cargoes might have been canceled in September was that traders were betting prices would rise by November and December, with some tankers already holding cargoes at sea for sale later, probably in Asia.Most of the cargoes were said to be canceled from Cheniere Energy's (NYSEMKT:LNG) Sabine Pass nd Corpus Christi plants, similar to previous months.ETFs: UNG, UGAZ, DGAZ, BOIL, FCG, KOLD, UNL, GAZ, GAZB.

Natural gas inventory build slightly less than estimates (Commodity:NG1:COM)

EIA Natural Gas Inventory: +45 Bcf vs. +47 Bcf consensus, +56 Bcf last week.Futures (NG1:COM +0.2%)ETFs: UNG, DGAZ, UGAZ, BOIL, KOLD, UNL..

Oil lifted after biggest YTD weekly decline in U.S. crude supply (Commodity:CL1:COM)

Crude oil futures (CL1:COM) rise after the U.S. reports the biggest weekly decline in crude inventories so far this year, even as OPEC+ agreed to taper record production cuts of 9.7M bbl/day down to 7.7M bbl/day starting next month and lasting through the end of the year.Domestic crude supplies fell by 7.5M barrels for the week ending July 10, far more than a forecast by analyst polled by S&P Global Platts for an average decline of 2.1M barrels; the American Petroleum Institute yesterday reported a draw of 8.3M barrels."Imports into the U.S.

U.S. natural gas output climbs as Mountaineer pipeline reopens (NYSE:TRP)

U.S. natural gas production rose over the weekend after TC Energy's (TRP +0.6%) Mountaineer Xpress pipeline in West Virginia reportedly returned to service following unplanned maintenance.Pipeline data showed U.S.

Natural gas inventory build in-line with estimates

EIA Natural Gas Inventory: +56 Bcf vs. +58 Bcf consensus, +65 Bcf last week.Futures (NG1:COM +2.1%)ETFs: UNG, DGAZ, UGAZ, BOIL, KOLD, UNL..

Demand destruction cuts U.S. LNG exports to more than 20-month low (NYSEMKT:LNG)

Natural gas flows to U.S. liquefied natural gas export plants have plunged so far this month to average 3.1B cf/day, after falling to a 20-month low of 4.1B cf/day in June, as coronavirus lockdowns cut global demand, Refinitiv reports.With U.S.

Global LNG projects increasingly in jeopardy - report (NYSEARCA:UNG)

Prospects for nearly half of the world's projects to build infrastructure for exporting liquefied natural gas have faded in recent months, says a new report from Global Energy Monitor, citing rising concerns about climate change, public protests and delays due to the coronavirus.Out of 45 major LNG export projects in pre-construction development globally, at least 20 - representing a $292B capital outlay - including nine in the U.S., now face financing delays, according to the report.In total, companies had announced plans to build $758B of projects that are so far in the pre-construction phase."The sector is really shut down at the moment in terms of advancing further new projects," report co-author Ted Nace tells Reuters.ETFs: UNG, UGAZ, DGAZ, BOIL, FCG, KOLD, UNL, GAZ, GAZB

Nat gas jumps to two-month high as force majeure cuts production (NYSE:TRP)

Nymex natural gas (NG1:COM) jumped to its highest close since early May after unscheduled maintenance caused a force majeure on TC Energy's (NYSE:TRP) Mountaineer Xpress Pipeline in West Virginia that sent Appalachian gas production plunging by more than 2.2B cf to an estimated 29.8B cf, its lowest in 14 months.After trading into the low $1.90s, the August Henry Hub contract settled +2.5% at $1.88/MMBtu, up more than 20% since the start of the month to its highest closing price since early May.S&P Global Platts reports flows along the affected segment of Mountaineer XPress sank to 100M cf/day from a prior 30-day average of 1.9B cf/day; in West Virginia, evening cycle production receipts fell 1.6B cf on the day, while receipts in southern Pennsylvania were down by more than 400M cf/day.ETFs: UNG, UGAZ, DGAZ, BOIL, FCG, KOLD, UNL, GAZ, GAZB

Natural gas inventory build misses analyst forecasts

EIA Natural Gas Inventory: +65 Bcf vs. +78 Bcf consensus, +120 Bcf last week.Futures (NG1:COM +1.4%)ETFs: UNG, DGAZ, UGAZ, BOIL, KOLD, UNL.

UGAZ, DGAZ, GUSH and BOIL among weekly ETF movers

Gainers: Natural Gas -3X Inverse ETN Velocityshares (NYSEARCA:DGAZ) +45.8%.Ultrashort Natural Gas Proshares (NYSEARCA:KOLD) +23.8%.Direxion S&P Oil & Gas Expl Bear 3X (NYSEARCA:DRIP) +22.7%.Mi

Baker Hughes total U.S. rig count down just one (NYSEARCA:USO)

U.S. active drilling rigs decline again but only by 1 to 265 in the latest Baker Hughes weekly survey.U.S. oil rigs fell for the 15th straight week but only by 1 to 188, while gas rigs remained flat a

Natural gas inventory build tops estimates

EIA Natural Gas Inventory: +120 Bcf vs. +106 Bcf consensus, +85 Bcf last week.Futures (NG1:COM -3.9%)ETFs: UNG, DGAZ, UGAZ, BOIL, KOLD, UNL.

Series of VIX, Gold and Silver ETNs get axed by Credit Suisse (NASDAQ:TVIX)

Credit Suisse has moved to delist and suspend further issuance of a series of ETNs that deal with volatility, gold and silver, to "better align its product suite" with "broader strategic g

Series of VIX, Gold, Silver ETNs axed by Credit Suisse (NASDAQ:TVIX)

Credit Suisse has moved to delist and suspend further issuance of a series of ETNs that deal with volatility, gold and silver, to "better align its product suite" with "broader strategic g

Credit Suisse Is Delisting an ETN That’s Made 200% This Year

Credit Suisse Group AG will delist almost $3 billion in exchange-traded notes in a lineup revamp, including a leveraged product that has more than tripled this year.

Credit Suisse AG Announces Its Intent To Delist And Suspend Further Issuances Of Its VelocityShares™ ETNs

Oil rig count falls again, down 72% in 14 weeks (NYSEARCA:USO)

U.S. active drilling rigs continue their historic decline, down by another 13 to 266 according to the latest weekly survey by Baker Hughes.U.S. oil rigs fell for the 14th consecutive week, down 10 to

Natural gas inventory build in-line with estimates

EIA Natural Gas Inventory: +85 Bcf vs. +85 Bcf consensus, +93 Bcf last week.Futures (NG1:COM -0.1%)ETFs: UNG, DGAZ, UGAZ, BOIL, KOLD, UNL.

U.S. nat gas sinks to 21-year low on weak demand (Commodity:NG1:COM)

Cash Henry Hub and other U.S. physical gas benchmark prices (NG1:COM) fell to their lowest levels in more than two decades, with U.S. liquefied natural gas feedgas deliveries at a 14-month low, accord

Plaquemines LNG plant OK to start site prep work (NYSEARCA:UNG)

The Federal Energy Regulatory Commission approves Venture Global LNG's request to proceed with limited site preparation of the proposed $8.5B Plaquemines liquefied natural gas export plant in Louisian

U.S. oil rigs post 13th straight weekly drop (NYSEARCA:USO)

U.S. active drilling rigs fall extend historic lows but drop at a slower rate than in recent weeks, down 5 to 279, Baker Hughes says in its latest weekly report.U.S. oil rigs shed another 7 to 199 for

Natural gas inventory build in-line with estimates

EIA Natural Gas Inventory: +93 Bcf vs. +93 Bcf consensus, +102 Bcf last week.Futures (NG1:COM +1.1%)ETFs: UNG, DGAZ, UGAZ, BOIL, KOLD, UNL.

Shell CEO sees LNG market recovering to pre-virus levels (NYSE:RDS.A)

Royal Dutch Shell (RDS.A -1.4%) CEO Ben van Beurden expects buying and selling of liquefied natural gas to recover to levels seen before the coronavirus pandemic."We still very much believe that w

U.S. oil rigs hit new low in 12th straight weekly drop (NYSEARCA:USO)

U.S. active drilling rigs fall to another historic low, down 17 to 284, according to the latest weekly report from Baker Hughes.U.S. oil rigs slid 16 to 206 for a 12th straight weekly decline, while g

Massachusetts AG petitions for probe into natural gas phase-out (NYSEARCA:UNG)

Massachusetts' attorney general has asked the state's public utilities regulator to investigate the future of the natural gas industry and whether the business plans of local gas distribution companie

Natural gas inventory builds lower than consensus

EIA Natural Gas Inventory: +102 Bcf vs. +110 Bcf consensus, +109 Bcf last week.Futures (NG1:COM +1.1%)ETFs: UNG, DGAZ, UGAZ, BOIL, KOLD, UNL.

Gas flowing to U.S. LNG plants slides to lowest since last August (NYSEMKT:LNG)

The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants has hit a nine-month low of 4.3B cf/day, due to weak global demand in the wake of COVID-19 lockdowns, data pr