Cool

November natural gas is expected to open 12 cents lower Monday morning at $3.92 as forecasts calling for a cool air incursion suddenly look less intense. Overnight oil markets rose.

October natural gas is set to to open a penny higher Friday morning at $3.83 as traders engage in nominal short-covering before the weekend. Overnight oil markets were narrowly mixed.

August natural gas is expected to open 2 cents higher Monday morning in spite of weather forecasts calling for moderation and a weak technical picture. Overnight oil markets fell.

August natural gas is set to open 2 cents higher Thursday morning at $3.78 as traders hone their short-term trading algorithms awaiting the morning release of government storage figures that are expected to offer near-term trading opportunities. Overnight oil markets slipped.

August natural gas is expected to open a penny lower Tuesday morning at $4.14 as traders assess a market likely to continue within recent trading ranges prior to Thursday’s inventory report. Overnight oil markets fell.

August natural gas is expected to open 3 cents lower Monday morning at $4.12 as traders prepare for an onslaught of cooler temperatures that are expected to impact major eastern and Midwest population centers. Overnight oil markets were mixed.

The natural gas cash market added 2 cents on average overall Tuesday for Wednesday delivery with small gains and small losses at most points characterizing the day’s trading. Midwest points were mixed as weather outlooks held to seasonal norms, and Gulf points were a few pennies higher. At the close of lackluster futures trading September had drifted lower by 0.1 cent to $3.318 and October had eased 0.3 cent to $3.343. September crude oil dropped $1.26 to $105.30/bbl.

What new state requirements restricting ocean water use to cool California’s string of coastal natural gas-fired power plants have done to reshape the state’s reliance on gas-fired generation has been magnified by the unexpected loss of the 2,200 MW San Onofre Nuclear Generating Station (Songs) this year.

The first test, or “cool-down” shipment of liquefied natural gas (LNG) to the Manzanillo receiving facility is expected this Friday along the southwest coast of Mexico. An initial shipment of 77,000 tons of LNG is slated to come from Peru, which has a long-term contract with the Mexican federal government through Spain-based energy giant Repsol.