November futures made an unusual move Thursday following a report by the Energy Information Administration (EIA) showing a storage injection that was greater than traders were expecting.
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Articles from Bill Burson
NatGas Cash, Futures Seemingly Quiet, Yet Next-Day Appalachia Prices Swoon
At first glance next-day physical natural gas prices looked relatively stable with the NGI National Spot Gas Average easing 4 cents to $2.56, but looking closer showed a plunge in Appalachia and Northeast prices offset by steady gains in the Midwest, Midcontinent, Texas, and Louisiana. California prices gained in spite of the effects of load-killing wildfires in northern California.
October 11, 2017
Overnight Models Show Increased Heating Load; November Called 4 Cents Higher
November natural gas is set to open 4 cents higher Wednesday morning at $2.93 as medium term weather models overnight called for a moderate increase in heating load. Overnight oil markets rose.
October 11, 2017
Appalachian Strength Lifts NatGas Cash, Futures See Upside Potential
Physical natural gas for Wednesday delivery generally rose across most market points as hefty gains in Appalachia along with firm pricing in Louisiana, the Midwest, and Texas outdistanced softness in New England, the Rockies, and California. The NGI National Spot Gas Average rose 2 cents to $2.60.
October 10, 2017
More Seasonal Temp Trends In Play; November Called 5 Cents Higher
November natural gas is set to open 5 cents higher Tuesday morning at $2.88 as weather forecasts turned more seasonal, i.e. cooler, in key markets. Overnight oil markets rose.
October 10, 2017
Record Low HDD, Record High CDD In Play; November Called A Penny Higher
November natural gas is expected to open a penny higher Monday morning at $2.87 as weather data shows both lowered heating and increased cooling load near term. Overnight oil markets eased.
October 9, 2017
NatGas Cash, Futures Diverge As Traders Mull Minimal Heating Load
After a Friday drubbing of spot natural gas prices for weekend and Monday delivery, the market recovered in Tuesday trading as eastern prices got a boost from a firm next-day power price sector.
October 9, 2017
NatGas Cash, Futures Ignore Looming TS Nate; November Sheds 6 cents
Natural gas for delivery over the weekend and Monday fell hard in Friday’s trading as what is viewed as a well-supplied market proved no match for weakness extending from the Rockies and California to Texas, Louisiana, the Midcontinent, Midwest and Appalachia. The NGI Daily Spot Gas Average retreated 8 cents to $2.50.
October 6, 2017
Traders Mulling Low Heating Requirements, Looming Tropical Storm
November natural gas is expected to open 2 cents lower Friday morning at $2.90 as traders factor in a persistent loss of heating load and the emergence of yet another tropical storm. Overnight oil markets tumbled.
October 6, 2017
Weekly NatGas Losses Continue As Building Storm Aims At Heart Of The GOM
With heating load falling below historical norms it became a tough slog for weekly natural gas prices to gain much traction, and for the week ended Oct. 6 only a few points followed by NGI made it to the positive side of the trading ledger. The NGI Weekly Spot Gas Average continued the trend from the week before and fell 12 cents to $2.49.
October 6, 2017