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.
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California Heat On Tap; July Called A Nickel Higher
July natural gas is set to open 5 cents higher Tuesday morning at $2.22 as traders see large speculative holdings reconsidering their portfolio of short positions and the first heat wave of the season makes its debut. Overnight oil markets were mixed.
June Set to End on Weak Note, Called 4 Cents Lower
The expiring June natural gas contract is expected to open 4 cents lower Thursday morning at $1.95 in spite of the fact that traders are digesting a storage report that is expected to show inventory increases far less than historical averages. Overnight oil markets rose.
Storage Additions Under Scrutiny; August Called 3 Cents Higher
August natural gas is set to open 3 cents higher Tuesday morning at $2.82 as traders look ahead to an expected lean storage build as the current intense heat event limits additions to inventory. Overnight oil markets were mixed.
Bears Stirring as Weather Outlook Moderates; June Called 7 Cents Lower
June natural gas is expected to open 7 cents lower Tuesday morning at $2.82 as traders digest a round of more moderate weather forecasts and anticipate a hefty build in inventories. Overnight oil markets fell.
Bears Stirring as Weather Outlook Moderates; June Called 7 Cents Lower
June natural gas is expected to open 7 cents lower Tuesday morning at $2.82 as traders digest a round of more moderate weather forecasts and anticipate a hefty build in inventories. Overnight oil markets fell.
Hefty Build Expected? No Problem; July Seen 3 Cents Higher
July natural gas is set to open 3 cents higher Thursday morning as traders discount estimates of an increase in storage inventories that are well above historical norms and as they factor in expected heat. Overnight oil markets surged.
All Eyes On Weekly Inventory Stats; June Seen A Penny Higher
June natural gas is set to open a penny higher Thursday morning at $4.48 as traders hone their short-term trading algorithms and expect the season’s second triple-digit increase in working gas inventories. Overnight oil markets were mixed.
Marcellus Utility Investments Eyed for Low-Cost Gas, Not Demand
Utility developers planning combined-cycle gas turbine (CCGT) projects in the Marcellus and Utica shales are looking for a “power price appreciation” from excess natural gas, not growing demand, to ensure a fair return on their investments, according to an analysis by Tudor, Pickering, Holt & Co. Inc. (TPH).
Interior Finalizes Western Oil Shale Proposal
Secretary of the Interior Ken Salazar on Friday announced the department’s final plan for encouraging research, development and demonstration (RD&D) of oil shale and tar sands resources on more than 800,000 acres of Bureau of Land Management (BLM) lands in three western states.