After spending much of June in negative territory, natural gas forward markets ended the month on a strong note, with August gaining an average 7.7 cents between June 23 and 29 as heat is expected to blanket much of the country in the coming weeks to drive up demand, according to NGI’s Forward Look.
June
Articles from June
BLM Offering 398,000 Acres for Lease in Eight States
The U.S. Bureau of Land Management (BLM) in June plans to offer more than 398,000 acres is eight separate state oil and natural gas lease sales, according to its online leasing service.
May 25, 2017
Futures Ready to Test Upper Trading Range Limits; June Called 5 Cents Higher
June natural gas is set to open 5 cents higher Monday morning at $3.31 as traders digest a variable weather forecast and consider short hedges. Overnight oil markets rose.
May 22, 2017
Production From Big Seven Plays to Move Higher Again in June, EIA Says
In a continuation of a trend that began in January, natural gas and oil production from the nation’s seven most prolific unconventional plays will increase again in June, while the number of drilled but uncompleted (DUC) wells in the plays will also increase, according to data from the Energy Information Administration (EIA).
May 15, 2017
Bulls Take A Breather; June Seen Unchanged
June natural gas is set to open flat Friday morning at $3.37 as traders hold on to short positions and mull a softer cash market. Overnight oil markets inched higher.
May 12, 2017
Traders Biding Their Time; June Called Flat
June natural gas is expected to open unchanged Tuesday morning at $3.21 as traders attempt to navigate a directionless market while weather forecasts call for cooler conditions and heating loads to be above seasonal norms. Overnight oil markets rose.
May 2, 2017
Broad Cooling Trend In Play; June Called 3 Cents Higher
June natural gas is set to open 3 cents higher Monday morning at $3.31 as traders digest significantly cooler temperatures predicted for Northeast and Midwest energy markets. Overnight oil markets receded.
May 1, 2017
Traders Eyeing Sell Side of Market; June Called A Penny Higher
June natural gas is expected to open a penny higher Friday morning at $3.25 as traders await higher prices to initiate short positions. Overnight oil markets rose.
April 28, 2017
Mid-Week NatGas Forwards Bounce Puts June in the Black Despite Near-term Headwinds
The front of the natural gas forward curves pulled off a surprise gain of nearly 3 cents on average between April 21 and 27 despite a multitude of headwinds facing the market, according to NGI’s Forward Look.
April 28, 2017
North Dakota Oil and NatGas Production Up While Prices Drop Steadily
Oil and natural gas statistics were all up in North Dakota while prices for Bakken sweet crude continued to plummet since June, hitting $32/bbl on Friday, according to Lynn Helms, director of the state Department of Mineral Resources.
September 16, 2016
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