June

Natural gas forwards markets showed no signs of hitting the brakes June 24-30 as scorching temperatures continued to drive power burn and storage data once again reflected a tighter supply-demand balance.

Natural gas forwards markets showed no signs of hitting the brakes June 24-30 as scorching temperatures continued to drive power burn and storage data once again reflected a tighter supply-demand balance.

Intense heat and a below-average storage injection lifted natural gas forwards for a fourth straight week, according to NGI’s Forward Look.

Intense heat and a below-average storage injection lifted natural gas forwards for a fourth straight week, according to NGI’s Forward Look.

The recent rig count rally in the United States took at least a temporary pause, with the dismissal of seven oil rigs outweighing the addition of four natural gas rigs, according to the Baker Hughes Inc. (BHI) rig count for the week ending June 24.

June natural gas is expected to open a penny higher Thursday morning at $2.01 as traders consider whether supply and demand show any signs of realigning, and focus on weekly government storage figures. Overnight oil markets were mixed.

June natural gas is set to open 3 cents higher Tuesday morning at $2.06 as traders see limited downside in the face of anticipated production declines. Overnight oil markets were mixed.

June natural gas is set to open 3 cents higher Tuesday morning at $2.06 as traders see limited downside in the face of anticipated production declines. Overnight oil markets were mixed.

In what has become a familiar refrain, the Energy Information Administration (EIA) said Monday that natural gas and oil production from the nation’s seven largest unconventional plays is likely to decline next month compared with May figures.