A cold weather system that bolstered demand in portions of the United States this week combined with an unusually large storage withdrawal to send April natural gas futures and forwards markets up 9 cents on average between March 17 and 23, according to NGI’s Forward Look.
April
Articles from April
NatGas, Oil Production Out of Big Seven to Continue Higher in April, EIA Says
Continuing a months-long upturn, natural gas and oil production from the nation’s seven most prolific unconventional plays is expected to move higher in April compared with the previous month, according to data from the Energy Information Administration (EIA).
March 15, 2017
Traders Mull Weather Ups And Downs; April Seen 2 Cents Lower
April natural gas is expected to open 2 cents lower Tuesday morning at $3.02 as traders come to grips with a highly variable weather pattern through the end of the month, and an uncertain storage impact resulting from the eastern blizzard. Overnight oil markets fell.
March 14, 2017
Big Seven’s NatGas, Oil Production Upturn to Continue in April, EIA Says
Continuing a months-long upturn, oil and natural gas production from the nation’s seven most prolific unconventional plays is expected to move higher in April compared with the previous month, according to data from the Energy Information Administration (EIA).
March 13, 2017
NatGas Forwards Clock Another Week In The Black as Storage, Weather Send April Up 15 Cents
Natural gas forwards markets tallied a second consecutive week of gains as a larger-than-expected storage withdrawal and bullish revisions to weather models kept April forwards alive and well, pushing up the prompt month an average 14.5 cents between March 3 and 9, according to NGI’s Forward Look.
March 10, 2017
Near-Term Cooling In Play; April Called 3 Cents Higher
April natural gas is set to open 3 cents higher Thursday morning at $2.93 as overnight weather models call for near-term cooling and analysts study seasonal price patterns. Overnight oil markets dived once again.
March 9, 2017
Less Heating Load Expected; April Called 7 Cents Lower
April natural gas is set to open 7 cents lower Tuesday morning at $2.83 as weather forecasts call for a milder mid-section of the country and traders continue to recommend a short market stance. Overnight oil markets rose.
March 7, 2017
Quick Cold Shot Seen Followed by Warmth; April Seen Up 3 Cents
April natural gas is expected to open 3 cents higher Wednesday morning at $2.80 as traders factor in an upcoming cold spurt and take note of what might be a nascent technical recovery. Overnight oil markets were mixed.
March 1, 2017
Technical Support Looms, Traders Say; April Called A Penny Lower
April natural gas is set to open a penny lower Tuesday morning at $2.68 as weather models overnight continued to moderate and heating requirements are expected to be below normal. Overnight oil markets fell.
February 28, 2017
North Dakota Adds Rigs, But Drilling Slowdown Could Last Into 2Q2017
North Dakota recovered the two drilling rigs it lost since April, but oil prices are expected to remain weak through 3Q2016 and possibly extend into 2Q2017, Department of Mineral Resources (DMR) Director Lynn Helms said.
July 19, 2016
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