January natural gas is set to open a penny higher Monday morning at $3.02 as prices manage to hold $3 technical support and weather forecasts calling for cold remain mostly unchanged.
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Physical gas for Tuesday delivery was mostly higher in Monday trading as weakness in New England markets was unable to offset widespread gains in the Marcellus, Gulf, Midcontinent and California.
Two Houston-based companies said Monday they have agreed to cooperate on the design of a liquefied natural gas (LNG) bunker fuel network for the U.S. Gulf Coast region. LNG America and Buffalo Marine Service Inc. have agreed to collaborate on applications for the high horsepower marine market.
October natural gas is set to open unchanged Thursday morning at $4.01 as traders get set to factor in another balloon-like addition to natural gas inventories that is expected to be well above historical averages. Overnight oil markets were mixed.
Offshore oil and natural gas drilling in two offshore areas along the Atlantic seaboard could add $10.8 billion to $60 billion in value, and $2.1 billion to $11.6 billion in additional tax revenue for states along the East Coast, according to a report released Wednesday and funded by several right-leaning organizations.
October natural gas is set to open 5 cents lower Tuesday morning at $3.88 as traders see little in the way of market-moving near-term events and weather forecasts look benign. Overnight oil markets fell.
August natural gas is expected to open 5 cents lower Tuesday morning at $4.41 as traders factor in reduced industrial demand over the upcoming holiday weekend and discount tropical activity. Overnight oil markets rose fractionally.
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.
June natural gas is expected to open unchanged Wednesday morning at $4.80 as traders balance mildly supportive weather outlooks with anticipated high production. Overnight oil markets were mixed.
June natural gas is expected to open 2 cents higher Monday morning at $4.69 as traders digest a moderate supportive weather tweak to the market, but others counsel long-term selling. Overnight oil markets were mixed.