Average

A string of cold snaps, which could be the last of the season, and signs of slowing production kicked natural gas forwards up a few notches between April 1 and 7, NGI Forward Look data shows.

A string of cold snaps, which could be the last of the season, and signs of slowing production kicked natural gas forwards up a few notches between April 1 and 7, NGI Forward Look data shows.

May natural gas is set to open unchanged at $2 Thursday morning as traders expect a government storage report to show a wider degree of variability than normal compared to industry estimates. Overnight oil markets were mixed.

April natural gas is set to open a penny lower Wednesday morning at $1.84 as traders balance ongoing fundamental downward pressure with an improving technical outlook. Overnight oil markets rose.

April natural gas is expected to open 4 cents lower Wednesday morning at $1.70 as traders digest extreme eastern warmth seen in near-term forecasts and heating degree days about half of normal. Overnight oil markets were mixed.

Halcon Resources Corp. plans to drop to one operated rig in 2016 as it looks to spend within cash flow to weather the downturn.

Chesapeake Energy Corp. said Thursday some of its counterparties “have requested or required” it to post collateral as financial assurance of its performance under some contracts for transportation, gathering, processing and hedging agreements.

March natural gas is set to open a penny higher Thursday morning at $2.06 before of an inventory report that is expected to show usage of about half normal levels. Overnight oil markets fell.

March natural gas is expected to open 3 cents lower Thursday morning at $2.01 as traders anticipate government storage data to show little impact on a long-term supply surplus that shows no sign of diminishing any time soon. Overnight oil markets were mixed.