The nation’s seven most prolific onshore unconventional plays are expected to produce more natural gas and oil in August than in July, continuing an upward trend that has held steady for most of 2017, according to data from the Energy Information Administration (EIA).
Articles from August
August natural gas is set to open 3 cents lower Thursday morning at $2.96 as traders focus more on near term temperature moderation and less on expected supportive government storage data. Overnight oil markets were narrowly mixed.
August natural gas is expected to open 6 cents higher Monday morning at $2.92 as more deferred weather forecasts called for incrementally warmer temperatures. August crude oil probed new lows.
August natural gas is set to open 3 cents higher Friday morning at $2.92 as traders factor in a modest increase in forecast cooling loads. Overnight oil markets fell.
August natural gas is expected to open 5 cents higher Thursday morning at $2.89 as weather models turned slightly more constructive overnight. Petroleum markets rose.
August natural gas is set to open a penny higher Wednesday morning at $2.96 as the market resets following Monday’s weather-driven pummeling and traders begin to focus on modest near-term cooling. Overnight oil markets fell.
July natural gas is set to open a penny higher Tuesday morning at $3.04 as traders note consistently warm temperature forecasts and a new technical paradigm. Overnight oil markets advanced.
The downward slide of oil and natural gas production from the nation’s seven largest unconventional plays will extend into a twelfth month in September, though at a somewhat less pronounced decline, according to data from the Energy Information Administration (EIA).
August natural gas is expected to open 4 cents lower Wednesday morning at $2.69 as traders are willing to concede downside territory even though increases in weekly supply figures continue to fall well below historical averages. Overnight oil markets fell.