Natural gas futures were able to work higher but unable to take out session highs Thursday morning after the Energy Information Administration (EIA) reported a storage draw that was greater than what the market was expecting.
Bullish
Articles from Bullish
Is $1.61 the End of a Cycle? Is Natural Gas Headed for $2.40? Check Sentiments, Trendlines
Although when natural gas prices traded at 13-year lows of $1.611/MMBtu on March 4 it may have seemed that the industry as we know it may have come to an end, a study of the industry reveals that current low prices, layoffs, and lack of capital investment represent instead the end of a 15-year cycle.
March 21, 2016
Physical Prices Slip 2 Cents; NatGas Futures Crumble
Physical natural gas for delivery Tuesday moved little on average Monday, with gains in California, the Rockies and West Texas nearly offsetting declines in the Gulf, Midcontinent, and Midwest. The NGI National Spot Gas Average fell 2 cents to $2.01.
November 9, 2015
Overnight Forecasts Turn Warmer; September Seen Up 4 Cents
September natural gas is expected to open 4 cents higher Wednesday morning at $2.88 as weather traders see a short-term bullish move. Overnight oil markets rose.
August 12, 2015
Bulls Add a Nickel Following EIA Storage Report
Natural gas futures jumped after the release of government inventory figures showing an increase in working gas storage that was less than what traders were expecting.
May 14, 2015
Bulls Add a Nickel Following EIA Storage Report
Natural gas futures jumped after the release of government inventory figures showing an increase in working gas storage that was less than what traders were expecting
May 14, 2015
Technicians Looking Higher, Yet July Called Unchanged
July natural gas is set to open unchanged Friday morning at $4.70 as the technical case for higher prices gains new momentum and tropical storm development is on the table. Overnight oil markets rose.
June 6, 2014
Analysts Sense Market Bottom; April Called A Penny Higher
April natural gas is set to open a penny higher Friday morning at $4.39 as traders mull a big-picture seasonal temperature outlook and factor in low inventory levels and an uncertain storage refill. Overnight oil markets were mixed.
March 14, 2014
Chesapeake Shareholders Reelect Board, Reject Declassification
Chesapeake Energy Corp. shareholders reelected the company’s board of directors, but rejected separate proposals to implement proxy access, reincorporate in Delaware and declassify the board, the last of which would have made it easier to replace the entire board in one fell swoop.
June 18, 2013
Hot Monterey Shale Cools for One E&P
A Canadian-based exploration/production (E&P) company founded five years ago put a chill on its bullish joint venture aimed at drilling on some of its extensive Monterey Shale acreage in California just as federal leasing policy in the state has been called into question for slowing development.
May 15, 2013
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