December

December natural gas is expected to open 4 cents lower Friday morning at $3.03 as traders factor in warm, breezy conditions over the weekend and a GWHDD count in the 11-15 day period well below normal. Overnight oil markets retreated.

The expiring November natural gas futures contract is expected to open a penny higher Thursday morning at $2.74 as traders adjust their estimates of ending inventories to account for continued storage builds. Overnight oil markets rose.

November natural gas is set to open 4 cents lower Wednesday morning at $2.73 as heating and cooling requirements for major energy markets can do no better than muster a seasonal response. Overnight oil markets tumbled.

November natural gas is set to open 7 cents lower Friday morning at $3.07 as overnight weather model runs turn milder. Petroleum markets rose.

Natural gas forwards markets wiped out last week’s gains, plunging some 16 cents on average between Oct. 14 and 20, as the market continues to wait for cold weather to arrive and grapples with record storage inventories.

Collapsed market prices weren’t enough to hold down natural gas production in the United States in 2015, with another record high recorded in the final month of the year, according to the Energy Information Administration (EIA).

April natural gas is set to open a penny higher Tuesday morning at $1.72 as traders discount, for the moment, a market landscape heavily biased toward not only oversupply but potentially problematic inventory issues at the end of the injection season. Overnight oil markets were mixed.

Collapsed market prices weren’t enough to hold down natural gas production in the United States in 2015, with another record high recorded in the final month of the year, according to the Energy Information Administration (EIA).

Year-over-year oil/natural gas production declines in the Lone Star State are expected to take hold and gather pace during the year, an industry economist said in Houston Tuesday. But recovery is still far off, with pain enough left for everyone in the meantime. When there is a recovery, crude oil will see it first, he said.