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).
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Forecast Warmth Losing Its Impact; October Seen 4 Cents Lower
October natural gas is expected to open 4 cents lower Tuesday morning at $2.75 as traders discount current warmth in favor of expected weather moderation. Overnight oil markets were mixed.
September 6, 2016
Largest Build in Nearly 2 Months Expected; October Called 2 Cents Lower
October natural gas futures are expected to open 2 cents lower Thursday morning at $2.87 as traders balance a government report expected to show the largest inventory increase in nearly 2 months, with tropical storms expected to lessen Southeast demand. Overnight oil markets retreated.
September 1, 2016
GOM Operators Still On Edge as Tropical Storm Stalls West of Florida
Oil and natural gas companies in the Gulf of Mexico (GOM) appeared to have adopted a wait and see attitude Tuesday as Tropical Depression Nine (TD9) churned to the west of Cuba, with a move toward Florida — and not into the central GOM — expected by Wednesday.
August 30, 2016
Bearish Factors Looming; September Called 5 Cents Lower
September natural gas is set to open 5 cents lower Friday morning at $2.80 before Monday’s contract expiration as traders see weather conditions fully priced into the market and note a technically overbought condition. Overnight oil markets fell.
August 26, 2016
Bulls, Bears, Biding Time Before EIA Storage Data; September Called Unchanged
September natural gas is expected to open flat Thursday morning at $2.62 as traders factor in an upcoming government report that is expected to show an addition to inventories similar to the previous week. Overnight oil markets were mixed.
August 18, 2016
Weather-Driven Spec Selling In Play; September Called 5 Cents Lower
September natural gas is expected to open 5 cents lower Tuesday morning at $2.70 as perceived moderation in temperatures and increased storage builds is prompting large non-commercial selling. Overnight oil markets were mixed.
August 9, 2016
Price Strength Waning, Analyst Says, Yet August Called 5 Cents Higher
August natural gas is set to open 5 cents higher Tuesday morning at $2.77 as traders mull heat indexes that are expected to be well into triple digits by mid-week. Overnight oil markets rose.
July 19, 2016
Traders Juggle Supply, Demand; August Seen 5 Cents Lower
August natural gas is expected to open 5 cents lower Friday morning at $2.68 as traders reassess the likely impact of expected hot weather along with increased production and fuel switching. Overnight oil markets rose.
July 15, 2016
NatGas Production Decline, Electricity Demand Push EIA’s 2016 Price Forecast Higher: $2.36/MMBtu
Henry Hub natural gas spot prices reached a nine-month high in June, according to the Energy Information Administration (EIA), which bumped its forecast for 2016 prices up to $2.36/MMBtu, with 2017 prices expected to average $2.95/MMBtu.
July 12, 2016
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