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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Broad Gains Counter New England Weakness; Futures Reconsider, Drop 8 Cents
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.
LNG America Eyes Gulf Marine Transportation Market
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.
Plump Storage Build On Tap, Yet October Called Flat
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.
Huge Benefits Projected for East Coast States With Atlantic OCS Drilling
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.
Traditional Seasonality Questioned; October Called 5 Cents Lower
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.
Monday’s Gains Evaporating; August Called 5 Cents Lower
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.
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.
Storage, Weather Matching Expected High Production; June Called Flat
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.
Traders Mulling Nuke Outages, Short-Term Weather; June Called Up 2 Cents
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.