November natural gas is expected to open 4 cents lower Friday morning at $2.35 as traders see Thursday’s decline contrary to a bullish storage report as further evidence of overall market weakness. Overnight oil markets were mixed.
December
Articles from December
Analysts Looking Long, But November Seen A Nickel Lower
November natural gas is set to open 5 cents lower Wednesday morning at $2.43 as forecasters tweak their predictions to the warm side. Overnight oil markets fell.
ND’s Helms Sees Bakken Prices Bottoming, Rigs Still Declining
Production soared in December in the Bakken Shale as prices and rig counts crumbled, but there are indications that the price bottom may have been reached in the first weeks of 2015, according to North Dakota’s chief oil/natural gas regulator, Lynn Helms, director of the Department of Mineral Resources.
December Weather Key to Natural Gas Basis Market Direction
Natural gas forwards markets appeared to be taking a breather this week, with most market hubs shifting less than a nickel from Monday to Wednesday, amid some see-sawing in Nymex futures and uncertainty in long-range weather forecasts.
$10 Gas In Sight? December Called 2 Cents Higher
December natural gas is set to open 2 cents higher Monday morning at $4.43 as traders factor in still colder tweaks to the weather outlook and comparisons are made to the winter of 2000-2001. Overnight oil markets rose.
Weather Bulls Get a Treat; December Called 10 Cents Higher
December natural gas is expected to open 10 cents higher Friday morning as a shift to cooler temperatures was noted for both East and West Coast population centers. Overnight oil markets skidded.
Northeast Halloween Chill Scares Regional NatGas Basis Higher
Natural gas forwards markets were mixed at the start of the week as market players wrote off November positions amid little in the way of weather and shifted their attention to December.
Real Cold Not Here Yet; Expiring November Contract Seen 2 Cents Lower
The expiring November natural gas futures contract is seen opening 2 cents lower Wednesday morning at $3.63 as traders square books and see the market at oversold conditions. Overnight oil markets rose.
Northeast NatGas Basis Seen as Muted Due to Mild Early Winter
In an otherwise quiet start to the week for natural gas forwards markets, New England prices took a nosedive as continued lackluster demand and an improving storage picture weighed on the market.
January Gas Output Hits New Record Despite Freeze-offs, Says EIA
Freeze-offs and colder-than-usual temperatures across the United States failed to squash U.S. dry natural gas production in January, with total output of 2.098 Tcf, breaking December's record volume of 2.092 Tcf, the U.S. Energy Information Administration (EIA) reported. Gross withdrawals in the Lower 48 increased to 2.640 Tcf, up from a revised December figure of 2.631 Tcf.