August natural gas is seen opening 2 cents higher Thursday morning at $4.38 as traders have to factor in moderating East Coast weather in the wake of now Hurricane Arthur and also gear up for the expected trading volatility following the release of government storage figures. Overnight oil markets slumped.
August
Articles from August
Load-Killing TS Arthur to Track East Coast; August Seen 3 Cents Lower
August natural gas is expected to open 3 cents lower Wednesday morning at $4.42 as traders factor in the likelihood of another voluminous storage report on Thursday along with the possibility of a demand-dampening storm impacting the East Coast. Overnight oil markets retreated.
Monday’s Gains Evaporating; August Called 5 Cents Lower
August natural gas is expected to open 5 cents lower Tuesday morning at $4.41 as traders factor in reduced industrial demand over the upcoming holiday weekend and discount tropical activity. Overnight oil markets rose fractionally.
Traders See Bullish Case Slip-Slidin’ Away; August Called A Penny Lower
August natural gas is expected to open a penny lower Friday morning at $4.43 as traders see only limited market support from forecast warm weather, and admit that new downside technical parameters are in play. Overnight oil markets were narrowly mixed.
End of Big Storage Builds Predicted; July Called 2 Cents Higher
July natural gas is set to open 2 cents higher Wednesday morning as traders balance the end of 100-plus Bcf builds in Thursday’s government storage report with weather forecasts showing a cool trend in the nation’s mid-section. Overnight oil markets were mixed.
Texas Petro Index Charts Second Consecutive Monthly High
Robust crude oil production in August lifted the Texas Petro Index (TPI) to its second consecutive monthly record while the state’s oil and gas industry charted a new record as well. But a downturn in the number of drilling permits issued suggests that things might slow in the months ahead, an economist said.
Weak Marcellus Leads Weekend Charge Lower; Futures Falter
Weekend and Monday deliveries of physical natural gas overall on average were 4 cents lower in Friday’s trading for weekend and Monday delivery. Thursday’s screen strength was unable to resonate in the physical market largely as the result of moderating weekend weather forecasts.
Lowest July Power Usage in 4 Yrs. Equals Gas, Coal Demand Drops, Genscape Reports
A cooler-than-normal July for much of the United States led to decreased levels of demand for natural gas and coal to fuel power plants in a trend that is expected to continue for the rest of the summer, according to data collected by Genscape Inc.
Kansas Regulators Eye Fracking Chemical Disclosure Rules
Kansas state regulators have proposed a set of rules requiring oil and natural gas drilling companies to disclose chemicals used in hydraulic fracturing (fracking). A public hearing by the Kansas Corporation Commission (KCC) will he held Aug. 15 to review the draft rules as part of a 60-day public comment period now under way.
New Duke Study Again Finds Water Well Methane Near PA Shale Wells
Concentrations of methane, ethane and propane were found in higher levels in drinking water for homes within a kilometer of shale gas wells in parts of the Marcellus Shale in northeast Pennsylvania, according to a study released Monday. It was the third such study by Duke University’s Robert Jackson, a professor of environmental sciences.