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August natural gas is expected to open a penny lower Wednesday morning at $2.93 as traders deal with weather forecasts showing a higher degree of variability than normal. Overnight oil markets were mixed.

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A biennial report conducted by the nonprofit Potential Gas Committee (PGC) found shale gas plays in the Appalachian Basin represented the greatest increase to estimated future potential natural gas supplies in the United States, which were a record 3,141 Tcf at the end of 2016.

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Charts of the Week
Natural gas trading volumes increased 4.4% last year compared with 2015, an even greater increase than the 3.9% year/year gain posted in 2015, according to an analysis by Natural Gas Intelligence (NGI) of 2016 Form 552 buyer and seller filings with FERC.
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Natural gas prices have been freed throughout Mexico, the nation’s energy regulator Comision Reguladora de Energia...
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