July natural gas is set to open 2 cents lower Friday morning at $2.61 as analysis shows a protracted storage surplus with estimates of ending inventories above 4 Tcf. Overnight oil markets rose.
July
Articles from July
Storage Just Keeps Building; July Called 2 Cents Lower
July natural gas is set to open 2 cents lower Friday morning at $2.61 as analysis shows a protracted storage surplus with estimates of ending inventories above 4 Tcf. Overnight oil markets rose.
Hedgers Assess Market Weakness; July Called A Penny Higher
July natural gas is expected to open a penny higher Monday morning at $2.65 as traders and risk managers mull a missed opportunity and assess trading strategy for the week. Overnight oil markets eased.
Hedgers Assess Market Weakness; July Called A Penny Higher
July natural gas is expected to open a penny higher Monday morning at $2.65 as traders and risk managers mull a missed opportunity and assess trading strategy for the week. Overnight oil markets eased.
Shale-Rich ‘Other States’ Pushed Domestic NatGas Production Higher in July, EIA Says
U.S. natural gas production was 2.65 Tcf in July, up 3.7% compared with 2.55 Tcf in July 2013, and total production through the first seven months of 2014 was 18.26 Tcf, up almost 5% compared to the same period last year, thanks in large part to the nation’s shale plays, according to the Energy Information Administration (EIA).
Emex Lowers Natural Gas Price Forecast for Remainder of 2014
Emex LLC, a privately-held real-time trading exchange, lowered its forecast for natural gas prices for the rest of 2014 but said it is maintaining a bullish outlook on forward energy prices compared to costs for 2012 and 2013.
Traders See Bullish Case Slip-Slidin’ Away; August Called A Penny Lower
August natural gas is expected to open a penny lower Friday morning at $4.43 as traders see only limited market support from forecast warm weather, and admit that new downside technical parameters are in play. Overnight oil markets were narrowly mixed.
Bears Stirring as Technical Hurdles Remain Elusive; July Called 4 Cents Lower
July natural gas is expected to open 4 cents lower Monday morning at $4.49 as traders grapple with a deteriorating technical picture and forecast warmth seems tepid at best. Overnight oil markets were mixed.
Traders Mull Deficit Contraction, Near-Term Weather; July Called Flat
July natural gas is set to open unchanged Friday morning at $4.58 as traders attempt to balance a near-term soft weather outlook with a storage deficit still considered unable to allay concerns over winter supply. Overnight oil markets were mixed.
Forecasts Turn Cooler; July Called Down 3 Cents
July natural gas is set to open 3 cents lower Tuesday morning at $4.68 as traders admit Thursday’s price advance may have been a little overdone and anticipate volatile weather-driven trading in the weeks ahead. Overnight oil markets were narrowly mixed.