Natural gas futures on Monday floundered following forecasts for milder weather and estimates of strong production to start the week, continuing a slump as the December contract traded into expiration. At A Glance: Weather demand fades in outlook Analysts expect second storage pull Rail strike lurks for natural gas bulls After falling in Friday’s session,…
Articles from December
Natural Gas Futures, Spot Prices Fly on Freeport Clarity, December Cold, Threat of Railroad Strike
Natural gas futures found fresh footing on Monday, as traders mulled an updated relaunch timeline for a major export facility, railroad union members considered a strike, and forecasts pointed to another round of wintry weather in early December. At A Glance: LNG facility aims for December return Demand could intensify next month Analysts expect large…
December Natural Gas Futures Prices Rally on Colder Weather Outlook, Short Covering
Colder shifts in weather forecasts for mid-November outweighed the potential for increased storage injections, propelling natural gas futures on Monday. At A Glance: Prompt month jumps 67 cents Cash prices recover in West Texas Analysts expect stout storage injection After losing ground to close out last week, the December Nymex gas futures contract climbed 67.1…
Big Seven U.S. Unconventional Plays to Increase Production Less Than 1% in December, Says EIA
Production of both oil and natural gas out of the most prolific U.S. onshore unconventional plays will increase slightly in December compared with this month, continuing a longstanding upward trend, according to the Energy Information Administration (EIA).
U.S. Drilling Permitting Finishes Strong, but Slow Start in New Year
Permits to drill in the U.S. onshore hit their second highest level for 2018 in December at 5,647, behind only November, Evercore ISI said Tuesday.
Big Seven NatGas, Oil Production Increases Expected Again in January, EIA Says
Production of natural gas and oil from the nation’s seven most prolific onshore unconventional plays, which has been on the upswing throughout 2017, is expected to increase again in the first month of 2018 compared with December, according to the Energy Information Administration (EIA).
Long-Range Cold Risks Seen; January NatGas Called Higher
January natural gas was set to open about 4 cents higher at around $2.815 Monday, as forecasters were pointing to some potential cold risks in the long-range weather outlook.
December NatGas Called Higher on Long-Range Cold Following Steep Drop
December natural gas was set to open about a dime higher at around $2.92 Monday, with the market eyeing long-range cold after a large drop Friday to price in some above-normal temperatures in the shorter-term.
More Divergence in Weather Models; December NatGas Called Lower
December natural gas was set to open Tuesday about a penny lower at around $3.035 as more disagreement between the major weather models clouded the outlook for early December.
NatGas Market Disappointed in Weekend Weather Data, December Called Lower
December natural gas was set to open about 6 cents lower Monday at around $3.04 amid mixed signals in the weather data and some uncertainty about the extent of a cold pattern expected to move in at the start of December.