Articles by Leticia Gonzales

September Natural Gas Steady as Battle Continues for Production, Relentless Heat

  • Nymex September gas futures contract settles modestly lower as impact from growing production stymied by significantly hotter weather forecasts for end of August and early September
  • Latest weather models add roughly eight cooling degree days to forecasts
  • Lingering heat means that storage deficits will likely remain well into September
  • Spot gas prices on the rise amid pockets of heat across the country; Northeast pipeline announces maintenance, then delays it
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Cooler Forecast for Much of the Country Spurs Sept. NatGas Forward Price Slide Last Week

Natural gas prices for September fell an average 3 cents from Aug. 9-15 as weather forecasts began hinting of cooler weather in the weeks ahead. Northeast points, however, posted small gains as intense heat and humidity returned during the week, lifting demand and cash prices in the region, according to NGI’s Forward Look. Read More

Heat Reignites September Natural Gas; Spot Gas Slips on Cooler Weather

  • Nymex September gas futures climb 3.8 cents as forecasts show heat returning for the end of August/early September
  • End-of-season storage inventories look less likely to reach 3.4 Tcf, but futures prices indicate market is confident in growing production to reduce deficit
  • Hurricane Lane strengthening in the Pacific, but nearest gas infrastructure well out of storm’s projected path
  • Spot gas prices slip as cooler weather was set to arrive during the weekend, limiting the impact of several pipeline maintenance events scheduled to start Monday
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September Natural Gas Pushes Higher on Hotter Turn in Weather Forecasts; Spot Gas Slides

September natural gas prices posted an unusually sharp increase ahead of the weekend as weather forecasts that earlier in the week had shown signs of cooling dramatically changed course and now call for an amplified ridge that is expected to return quite a bit of heat to key demand regions before the end of the month. The Nymex September gas futures contract climbed 3.8 cents to settle at $2.946. Read More

September Natural Gas Slides as Weather, Storage Deliver One-Two Punch; Spot Gas Slips

  • Nymex September gas futures contract softens after larger-than-expected storage injection
  • Energy Information Administration reported a 33 Bcf build into inventories for the week ending Aug. 10; estimates clustered around a build in the high 20 to low 30 Bcf range
  • Cooler weather in the next week or so further dampened an already weak market
  • Record production, waning demand expected to lead to much higher storage injections in the weeks ahead
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September Natural Gas Forward Prices Slide as Traders Eye Cooler Weather; Northeast Rallies on Current Heat Wave

Natural gas prices for September fell an average 3 cents from Aug. 9-15 as weather forecasts began hinting of cooler weather in the weeks ahead. Northeast points, however, posted small gains as intense heat and humidity returned during the week, lifting demand and cash prices in the region, according to NGI’s Forward Look. Read More

Targa Using Every Tool in Shed to Cope with Oil, Gas Infrastructure Constraints

Targa Resources Corp. is leaving no stone unturned as it seeks to meet growing customer needs in markets like the Permian Basin of West Texas and southeastern New Mexico and the Bakken Shale of North Dakota, where existing bottlenecks and tightening infrastructure have sent some oil and natural gas producers to other, less constrained regions. Read More