The expiring March natural gas contract is set to open 5 cents lower Thursday morning at $1.73 as traders see little change in a moderate weather landscape and also look forward to burdensome storage levels. Overnight oil markets were mixed.
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Temperature Outlook More Seasonal; January Called 8 Cents Higher
January natural gas is expected to open 8 cents higher Monday morning at $2.11 as the parade of unseasonably warm weather forecasts has abated and market technicians see a case for a market bottom. Overnight oil markets fell.
Forecasters Tweak Outlooks; January Called 4 Cents Higher
January natural gas is expected to open 4 cents higher Monday morning at $1.81 as near-term trades factor in a slight cooling. Overnight oil markets fell.
Traders Mull Shifting Weather Outlook; December Called Flat
December natural gas is set to open unchanged Wednesday morning at $2.37 as traders digest another change in the near-term weather outlook yet study an improving technical picture. Overnight oil markets rose.
Weather, Technicals Remain Negative, Yet December Called Flat
December natural gas is expected to open unchanged Wednesday morning at $2.32 as traders continue to digest an unsupportive weather outlook along with deteriorating technicals. Overnight oil markets eased.
Mariner East Wins One Court Battle, But More Likely
A Pennsylvania court has ruled against a group of landowners in the southeast part of the state that argued Sunoco Logistics Partners LP’s Mariner East 2 pipeline is an interstate system that does not qualify for eminent domain under state law.
November Now an Injection Month; Futures Called 3 Cents Lower
November natural gas is set to open 3 cents lower Wednesday morning at $2.56 as traders now see November as a net injection month and a tropical storm is seen grazing the East Coast. Overnight oil markets fell.
Weather Data Slightly Cooler, Yet October Called A Penny Higher
October natural gas was ready to open a penny higher Wednesday morning at $2.59 as traders see little in the way of prominent market drivers and focus on Thursday’s storage report. Overnight oil markets rose.
Costs Mount With Energy East Delays, Gas Distributors Say
Delays spell “considerable” cost hikes for the Energy East scheme, said natural gas distribution companies that are fighting bills generated by the proposed partial conversion of TransCanada Corp.’s national Mainline to oil service.
Small Changes to Weather Models; August Called 2 Cents Lower
August natural gas is set to open 2 cents lower Monday morning at $2.76 as traders note little change in the weather or other market developments. Overnight oil markets fell.