Natural Gas -3X Inverse ETN Velocityshares (DGAZ)

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...

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

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.

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.

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.

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.