May natural gas is expected to open a penny higher Thursday morning at $3.20 before release of a government inventory report curiously expected to show additions well above historical norms. Overnight oil markets rose.
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January natural gas is set to open 2 cents lower Wednesday morning at $4.38 as traders match forecasts of renewed cold with what is likely to be the first triple-digit withdrawal of the young heating season. Overnight oil markets slipped.
June natural gas is expected to open 3 cents higher Wednesday morning at $4.39 as traders mull a wide range of injection estimates for Thursday’s storage report and the market stages a partial recovery from five straight days of selling. Overnight oil markets rose.
Hours ahead of EQT Corp.’s second quarter conference call on Thursday, the company tied into sales its first Utica Shale well, the CEO said.
CN, Canada’s national railway, said it plans to accelerate work on a US$33 million project to upgrade a 74-mile section of the Whitehall Subdivision line in Wisconsin. The upgrade between the towns of Wisconsin Rapids and Blair would allow increased car-loading capacity and train velocity for hydraulic fracture (frack) sand suppliers Badger Mining Corp., Preferred Sands of Wisconsin LLC, Atlas Resin Proppants LLC and Taylor Frac LLC. After the upgrade, CN would be able to transport heavier freight cars loaded with frack sand, up to a maximum of 286,000 pounds. CN, which began the work in 2012, plans to complete the project by December 2014, a year ahead of time.
The backers of two proposed liquefied natural gas (LNG) export-import projects in Oregon said their plans remain on track, putting them ahead of competition from proposed facilities on British Columbia’s (BC) west coast. Jordan Cove LNG may file for federal approval this week.
Cash natural gas prices fell 4 cents overall as traders elected to get their deals done ahead of the Energy Information Administration’s (EIA) weekly storage report.
With production growing 39% in the Ardmore Basin’s Woodford Shale and a 75% increase in Bakken output, ExxonMobil Corp. plans to forge ahead with liquids and crude oil unconventional opportunities in North America, and keep its substantial natural gas prospects for better days, the investor relations chief said Thursday.
Cash prices added less than a penny overall in Thursday’s trading as traders got their deals done ahead of the release of government inventory figures.