Cents

September natural gas is set to open 5 cents higher Monday morning at $2.85 as overnight weather models called for a warmer mix than was apparent Friday. Overnight oil markets rose.

Broadly, September basis prices around the country during the first week of August were flatter than a pre-Columbus map of the world. Changes in regional market dynamics just couldn’t supply enough steam to get basis prices to shift.

August natural gas is set to open 3 cents higher Tuesday morning at $2.82 as traders look ahead to an expected lean storage build as the current intense heat event limits additions to inventory. Overnight oil markets were mixed.

August natural gas is set to open 4 cents lower Friday morning at $2.78 as forecasts suddenly turn cooler. Overnight oil markets rose.

August natural gas is set to open 4 cents higher Tuesday morning at $2.91 as traders focus on forecasts of warmth now coming into question. Overnight oil markets were mixed.

August natural gas is set to open 4 cents higher Tuesday morning at $2.91 as traders focus on forecasts of warmth now coming into question. Overnight oil markets were mixed.

With a flood of Marcellus natural gas lining up at the exit there’s a good chance Midwest pricing may get trampled as the gas races to previously inaccessible markets. Tallgrass Energy Partners LP’s REX Zone 3 promises to be the new way out with the anticipated Aug. 1 beginning of East-to-West flows on the pipeline, which has major interconnects with Midwest-serving pipelines such as ANR, PEPL, and NGPL.

With a flood of Marcellus natural gas lining up at the exit there's a good chance Midwest pricing may get trampled as the gas races to previously inaccessible markets…

Only a few natural gas forwards markets showed any signs of life during the short Independence Day holiday week, with the majority of price points swinging just a few cents in either direction.