Physical natural gas for Tuesday delivery rebounded from Friday’s drubbing as weather-driven strength in New England, the East, and Rocky Mountains was able to outdo softer pricing in the Southeast, Louisiana, and Texas. The NGI National Spot Gas Average rose 5 cents to $2.71.
Archive / Author
SubscribeBill Burson
Articles from Bill Burson
Midwest Warming In Sight; October Called 2 Cents Higher
October natural gas is set to open 2 cents higher Monday morning at $2.98 as overnight weather forecasts turned warmer for the Midwest. Overnight oil markets rose.
September 25, 2017
Weekly NatGas Cash, Futures Part Company As Market Reels From Storage Stats
Both physical and financial natural gas markets were poised to make healthy gains by midweek, but the weekly Energy Information Administration (EIA) storage report stunted gains in the physical market, and pushed the October futures into the loss column for the week.
September 22, 2017
Strong New England NatGas Can’t Offset Broad Declines; October Futures Off A Penny
Weekend and Monday physical natural gas deliveries went begging in Friday’s trading as buyers were reluctant to commit to three-day deals in light of easy spot gas purchases via cell phones and electronic devices.
September 22, 2017
NatGas Cash, Futures Swoon As EIA Reports Healthy Injection
Typically physical natural gas traders will try to get their deals done ahead of the release of Energy Information Administration (EIA) storage data, and early weakness in futures Thursday morning ahead of the weekly report’s release may have tipped off physical traders.
September 21, 2017
Stout Storage Build On Tap; October Seen 2 Cents Lower
October natural gas is expected to open 2 cents lower Thursday morning at $3.07 ahead of government figures anticipated to show well above normal inventory additions. Overnight oil markets fell.
September 21, 2017
Bears Back In The Saddle Following Stout EIA Stats
October natural gas futures plunged Thursday following a report by the Energy Information Administration (EIA) showing a storage injection that was greater than what traders were expecting. The EIA reported an injection of 97 Bcf, about 6 Bcf greater than consensus estimates.
September 21, 2017
Bulls Get A Boost From Overnight Weather Models; October Called A Penny Higher
October natural gas is set to open a penny higher Wednesday morning at $3.13 as overnight weather models turned warmer. Overnight oil markets rose.
September 20, 2017
NatGas Cash, Futures Trade In Narrow Ranges; October Slips 3 Cents
Physical natural gas for Thursday delivery moved little in Wednesday’s trading as most points outside of Appalachia and the Northeast gave up a few pennies, and gains of a nickel or more at eastern and Appalachian locations nearly offset losses in California. The NGI National Spot Gas Average fell a penny to $2.83.
September 20, 2017
Eastern Strength Lifts NatGas Cash, But Futures Seen Floundering; October Gives Up 2 Cents
Physical natural gas for Wednesday delivery on average managed to climb in Tuesday’s trading as stout double-digit gains in New England and the East managed to overcome setbacks in West Texas, the Rockies and California. Most points outside of the Northeast, Appalachia, and the West Coast managed gains of a few pennies, and the NGI National Spot Gas Average rose 4 cents to $2.84.
September 19, 2017