Natural gas production from seven of the most prolific onshore U.S. unconventional plays is likely to decline in April compared with March, and oil production will remain nearly unchanged, according to the Energy Information Administration (EIA).
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Moderate Weather Continues Its Market Grip; November Called 5 Cents Lower
November natural gas is set to open 5 cents lower Wednesday morning at $2.91 as weather models continue to call for ongoing warmth in key energy markets. Overnight oil markets rose.
October 18, 2017
Traders See Near-Term Consolidation; October Trading 3 Cents Lower
October natural gas was trading about 3 cents lower at $3.040 in the opening minutes Friday as traders mull only minimal changes to the near-term temperature outlook. Overnight oil markets eased.
September 1, 2017
Expiring September NatGas Seen 2 Cents Higher as Supply Destruction in Crosshairs
The expiring September natural gas futures are expected to open 2 cents higher Tuesday morning at $2.94 as traders turn their attention more to Harvey-driven supply disruption than falling demand. Overnight oil markets gained.
August 29, 2017
Technical Picture Improving But Traders Cautious; September Called 4 Cents Higher
September natural gas is set to open 4 cents higher Tuesday morning at $3 as traders see an improved technical picture and attempt to rationalize unsupportive weather. Overnight oil markets were narrowly mixed.
August 22, 2017
Weather Models Cool; August Seen 3 Cents Lower
August natural gas is set to open 3 cents lower Thursday morning at $2.96 as traders focus more on near term temperature moderation and less on expected supportive government storage data. Overnight oil markets were narrowly mixed.
July 13, 2017
Bulls Stirring On Toasty Temperature Forecast; July Called A Penny Higher
July natural gas is set to open a penny higher Friday morning at $3.04 as traders digest Thursday’s positive market response to an otherwise bearish storage report and weather forecasts for next week continue hot. Overnight oil markets were narrowly mixed.
June 9, 2017
June Futures Seen Up A Penny Going Into Expiration
The expiring June natural gas contract is expected to open a penny higher Friday morning at $3.19 as traders note little downside to an oversupplied market. Overnight oil markets were narrowly lower.
May 26, 2017
Bulls Ready to Buy; June Called 3 Cents Higher
June natural gas is set to open 3 cents higher Friday morning at $3.21 as traders sense a buying opportunity following Thursday’s bearish Energy Information Administration (EIA) storage report. Overnight oil markets rose.
May 19, 2017
NatGas, Oil Production From Big Seven Plays to Continue 2017 Increase in May, EIA Says
Natural gas and oil production out of the nation’s seven most prolific unconventional plays will increase in May, as it has done each month this year, and the total number of drilled but uncompleted (DUC) wells in the plays will also increase, according to data from the Energy Information Administration (EIA).
April 17, 2017
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