Oil and natural gas production from the nation’s seven largest unconventional plays, which has been trending lower for months, is expected to decline once again in December, according to data from the Energy Information Administration (EIA).
December
Articles from December
Weather Bulls Can’t Get A Break; December Seen A Nickel Lower
December natural gas is expected to open 5 cents lower Friday morning at $2.58 as traders assess the likelihood of mild conditions and continued storage builds continuing into December. Overnight oil markets fell.
Mild Weather, Record Storage Depress Natural Gas Forwards Markets
This week’s presidential election wasn’t the only thing sending shockwaves through the natural gas industry. Persistently mild weather and expectations of bearish storage news once again took a toll on natural gas forwards markets, which swung wildly between Nov. 4 and 9 and ultimately slid about 8 cents on average, according to NGI’s Forward Look.
December NatGas Shrinks Further on Weather, Record Storage
This week’s presidential election wasn’t the only thing sending shockwaves through the natural gas industry. Persistently mild weather and expectations of bearish storage news once again took a toll on natural gas forwards markets, which swung wildly between Nov. 4 and 9 and ultimately slid about 8 cents on average, according to NGI’s Forward Look.
Market Flat Following Trump Victory; December Seen Vulnerable
December natural gas is set to open unchanged Wednesday morning at $2.63 as traders discount weather forecasts continuing to call for mild conditions with only brief interludes of cold. Overnight oil markets eased, and the Dow Jones Industrial Average fell 287 points following the election of Donald Trump as U.S. president.
Traders Mull Shifting Supply Dynamic; December Seen 12 Cents Lower
December natural gas is expected to open 12 cents lower Tuesday morning at $2.70 as weather models show mild temperatures continuing for another two weeks. Overnight oil markets were narrowly mixed.
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.
Traders Cite Reversal Pattern, Yet December Called A Penny Lower
December natural gas is showing continued weakness before release of weekly storage figures, although some traders see an important market turning point in play. December is expected to open a penny lower at $2.78. Overnight oil market rose.
Deja Vu All Over Again; December Called Down 9 Cents on Updated Weather
December natural gas is set to open 9 cents lower Wednesday morning at $2.81 as updated weather models show ongoing warmth with little likelihood of tapping into any cold air anytime soon. Overnight oil markets fell.
Modest Weakness Seen Prior to Weather-Related Gains; December Called 4 Cents Lower
December natural gas is expected to open 4 cents lower Tuesday morning at $2.99 as traders factor in a modest decline into long-term support and weather models remain moderate. Overnight oil markets gained.