Hotter

Less NatGas Demand Seen as Harvey Churns; September Called 2 Cents Lower

September natural gas is expected to open 2 cents lower Monday morning at $2.87 as the market continues to grapple with the load-killing aspects of Hurricane Harvey. Overnight oil markets were mixed with crude oil easing, but gasoline soaring on storm-related supply issues.

August 28, 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

Weather Mixed; September Called 4 Cents Higher

September natural gas is set to open 4 cents higher Monday morning at $4.00 as traders see a test of the upper end of the recent trading range and mull whether a seasonal low is now in place. Overnight oil markets gained.

August 11, 2014

Official: Eagle Ford Water Use ‘Developing’

Texas keeps getting hotter and drier, and aquifer water levels keep declining as homeowners, farmers and oil and gas drillers keep pumping water for their various uses. However, one water watcher told NGI he does not expect curtailments on water use for drilling/hydraulic fracturing (fracking) in the Eagle Ford Shale.

August 15, 2011

Eagle Ford Shale Water Use In ‘Developing Stage,’ Says Official

Texas keeps getting hotter and drier, and aquifer water levels keep declining as homeowners, farmers and oil and gas drillers keep pumping water for their various uses. However, one water watcher told NGI’s Shale Daily he does not expect curtailments on water use for drilling/hydraulic fracturing (fracking) in the Eagle Ford Shale.

August 11, 2011

Price Dips Continue as Heat Changes Vary

Even with hotter weather spreading into the Northeast, prices continued to fall at all but a few points Wednesday. The previous day’s futures drop of 5.4 cents and growing concerns about soaring storage inventories portending limited options for placing spot gas down the road were believed to be the market’s chief bearish influences.

June 26, 2009

$10-Plus Gas Prices Through 2008 Appear Justified, Says Analyst

Natural gas prices of $10/MMBtu or higher in the last half of 2008 appear justified, given the colder-than-normal weather last winter, a hotter-than-normal early summer and significantly weaker imports of liquefied natural gas (LNG) and Canadian gas, an energy analyst said last week.

July 14, 2008

$10-Plus Gas Prices Through 2008 Appear Justified, Says Analyst

Natural gas prices of $10/MMBtu or higher in the last half of 2008 appear justified, given the colder-than-normal weather last winter, a hotter-than-normal early summer and significantly weaker imports of liquefied natural gas (LNG) and Canadian gas, an energy analyst said Monday.

July 8, 2008

Price Advance Continues (Barely) at Most Points

Prices rose again at most points Tuesday as the spread of hotter weather was buttressed by the previous day’s 20.9-cent increase by July futures. However, the strength of Tuesday’s numbers was considerably subdued; whereas nearly all of Monday’s gains had been in double digits, most of them were a dime or less Wednesday.

June 25, 2008

Heat, Screen, Storm News Drive All-Points Gains

Forecasts of more seasonal (that is, hotter) weather across the southern half of the United States, the previous Friday’s advance of 22.9 cents by July futures and the return of industrial load from its typical weekend reduction were responsible for strong cash market gains across the board Monday. Many hit triple digits and a few exceeded $2. Some buyers might want to argue that a bit of “storm hype” also was involved.

June 3, 2008
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