Average

Weather Models Turning Warmer; January Called 5 Cents Lower

January natural gas is expected to open 5 cents lower Thursday morning at $3.49 as an expected government report showing above-average usage is not able to offset moderating near-term weather forecasts. Overnight oil markets fell.

December 15, 2016

Traders Await Storage Stats; January Called 3 Cents Higher

January natural gas is set to open 3 cents higher Thursday morning at $3.63 in spite of weather forecasts calling for slightly less cold, and expectations of a government storage report expected to show an increasing surplus. Overnight oil markets were mixed.

December 8, 2016

Henry Hub Spot Price Headed Higher to $3.27/MMBtu in 2017, EIA Says

Growing domestic consumption of natural gas and increasing exports, both via pipelines to Mexico and liquefied natural gas to other markets, will help to boost prices next year higher than previously forecast, according to the Energy Information Administration (EIA).

December 6, 2016

Weather Models Show Only Slight Cooling; Record Storage In Sight

December natural gas is expected to open 7 cents lower Thursday morning at $2.62 as traders continue to juggle ongoing warmth, which now looks likely to push injections through November, and weekly storage figures likely to show storage at all-time record levels. Overnight oil markets were mixed.

November 10, 2016

Cooler Temps Arriving; December Called 6 Cents Higher

December natural gas is set to open 6 cents higher Monday morning at $2.83 as weather models for the near term dial up a more seasonal outlook. Overnight oil markets were mixed.

November 7, 2016
Cannonball! December NatGas Forwards Make Big Splash, Plunge 34 Cents First Week at Front of Curve

Cannonball! December NatGas Forwards Make Big Splash, Plunge 34 Cents First Week at Front of Curve

The steep losses that were seen as November rolled off the natural gas forwards curve paled in comparison to the cannonball splash December made during its first week at the front of the curve, when prices plummeted an average 34.4 cents between Oct. 28 and Nov. 3, and several markets lost upwards of 50 cents, according to NGI’s Forward Look.

November 4, 2016
No Sign of Wintry Blasts; December NatGas Forwards Plunge 34 Cents First Week at Front of Curve

No Sign of Wintry Blasts; December NatGas Forwards Plunge 34 Cents First Week at Front of Curve

The steep losses that were seen as November rolled off the natural gas forwards curve paled in comparison to the cannonball splash December made during its first week at the front of the curve, when prices plummeted an average 34.4 cents between Oct. 28 and Nov. 3, and several markets lost upwards of 50 cents, according to NGI’s Forward Look.

November 4, 2016

U.S. Onshore High-Spec Rig Market ‘Appreciably’ Tighter, Says PTEN

A steady, monthly improvement in Patterson-UTI Energy Inc.’s (PTEN) U.S. onshore rig count has been evident since May, with the company’s average in October expected to increase to 63 from 55 at the end of June, CEO Andy Hendricks said Thursday.

October 27, 2016

Weather Outlooks Milder Still; November Called 7 Cents Lower

November natural gas is set to open 7 cents lower Friday morning at $3.07 as overnight weather model runs turn milder. Petroleum markets rose.

October 21, 2016

Freeport-McMoRan Taking $742M For California Onshore Assets

Freeport-McMoRan Inc.’s (FCX) lofty goal to expand its oil and natural gas exploration unit has fallen to earth with a thud after the company announced another piece of its portfolio is being sold: the onshore California oil and natural gas properties.

October 14, 2016
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