Coming off a week in which natural gas futures tumbled nearly 30 cents at the front of the curve, the Nymex March contract appears to be trying to find a bottom. The prompt month traded mostly range bound throughout Monday’s session before ultimately settling 4.7 cents higher at $2.457/MMBtu. At A Glance: Production recovering Weather…
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Risk Managers Looking to Sell as Market Slips; May Called 3 Cents Lower
May natural gas is expected to open 3 cents lower Monday morning at $3.07 as market fundamentals and now technicals portend lower prices. Overnight oil markets rose.
NatGas Cash Slips, But Futures Creep Higher on Expiration
Physical natural gas for Friday delivery slumped as modest strength in the East and California was unable to offset losses in Texas, Louisiana, market centers in the Midwest and the Midcontinent.
Weather System Stalls; Expiring October Called 7 Cents Lower
The expiring October natural gas futures contract is set to open 7 cents lower Wednesday morning at $2.93 as near-term weather changes with a stalled system over key energy markets. Overnight oil markets rose.
Traders Watching Technicals; October Called 5 Cents Higher
October natural gas is set to open 5 cents higher Wednesday morning at $2.96 as traders discount moderating weather patterns and focus on a re-emergent bullish technical environment. Overnight oil markets eased.
West Virginia NatGas Bills Expected to Decline Again This Winter
The Public Service Commission (PSC) of West Virginia said this month that it again expects lower gas bills for two-thirds of the state’s residents during the upcoming winter heating season.
NGI The Weekly Gas Market Report
Kinder Charts Higher NatGas Transport Volumes During 2Q
During the second quarter, Kinder Morgan Inc. (KMI) continued to rebuild its balance sheet and enhance its credit profile. Increased natural gas throughputs helped. And recently announced joint ventures are expected to bring more improvement during the latter half of the year.
Lower Prices Possible, Traders Say; August Called 4 Cents Lower
August natural gas is expected to open 4 cents lower Wednesday morning at $2.69 as traders are willing to concede downside territory even though increases in weekly supply figures continue to fall well below historical averages. Overnight oil markets fell.
Bears Stirring on Lower Demand, Seasonal Price Window; June Called 3 Cents Lower
June natural gas is expected to open 3 cents lower Monday morning at $2.07 as traders factor in lower near-term demand and a seasonal price-peaking window. Overnight oil markets rose.
Bears Stirring on Lower Demand, Seasonal Price Window; June Called 3 Cents Lower
June natural gas is expected to open 3 cents lower Monday morning at $2.07 as traders factor in lower near-term demand and a seasonal price-peaking window. Overnight oil markets rose.