Lower

Bears On Full-Court Press; May Called A Penny Lower

May natural gas is expected to open a penny lower Monday morning at $2.63 as weather forecasts prove variable and analysts pile on the bearish bandwagon. Overnight oil markets slipped.

March 30, 2015

Marathon to Cut Capex by 20%, With ‘Significant Weighting’ to U.S.

Marathon Oil Corp. plans to cut 2015 spending by 20%, or about $1 billion, year/year with “significant weighting” to U.S. resource plays.

December 18, 2014

Weather Little Changed, But Technicals Weak; January Seen a Penny Lower

January natural gas is expected to open a penny lower Wednesday morning at $3.64 as traders balance somewhat more bullish fundamental data with a weak technical picture and an unsupportive weather outlook. Overnight oil markets weakened.

December 10, 2014
EIA Lowers Spring Storage Level Forecast, Expects $3.98/MMBtu Winter Gas

EIA Lowers Spring Storage Level Forecast, Expects $3.98/MMBtu Winter Gas

Unseasonably cold weather east of the Rockies in November prompted record high withdrawals of natural gas from natural gas storage, which in turn will keep end-of-March 2015 inventories lower than previously expected, but gas prices this winter will average just $3.98/MMBtu, according to the Energy Information Administration (EIA).

December 9, 2014
EIA Firms Winter NatGas Price Forecast to $3.98/MMBtu

EIA Firms Winter NatGas Price Forecast to $3.98/MMBtu

Unseasonably cold weather east of the Rockies in November prompted record high withdrawals of natural gas from natural gas storage, which in turn will keep end-of-March 2015 inventories lower than previously expected, but gas prices this winter will average just $3.98/MMBtu, according to the Energy Information Administration (EIA).

December 9, 2014

Sharp Decline Forecast For Horizontal Drilling, Frack Demand Due to Falling Oil Prices

Service providers and equipment manufacturers haven’t seen a big market change yet on lower oil prices, but it’s coming, and with it, a much lower forecast for North American horizontal drilling and hydraulic fracturing (fracking) in 2015, PacWest Consulting Partners LLC said Thursday.

December 4, 2014

Enterprise Bakken-to-Cushing Project Facing Cheap Oil Headwinds

Lower prices for crude oil aren’t doing any favors for Enterprise Products Partners LP’s proposed crude pipeline from North Dakota to the Cushing, OK, hub, executives admitted Thursday. But U.S. producers have staying power even at lower oil prices because the country “…is in the middle of a production revolution,” they said.

October 31, 2014

Shell’s Global LNG Sales Jump 16%

Global liquefied natural gas (LNG) developments are starting to show positive earnings momentum for Royal Dutch Shell plc as its strategy to invest for profitability over volumes begins to pay off, CFO Simon Henry said Thursday.

October 30, 2014

BP Slammed on Oil Price Plunge But Still Beats Consensus

BP plc on Tuesday posted a 19% decline in third quarter profits from a year ago, in part impacted by the global oversupply in crude oil, and in part on a huge drop in profits from its near-20% stake in Russia’s OAO Rosneft, but the producer still beat Wall Street consensus by a wide margin.

October 28, 2014

Warming Derails Upward Momentum; November Called 7 Cents Lower

November natural gas is set to open 7 cents lower Wednesday morning at $3.89 as the specter of oversupply continues to loom over the market and weather forecasts — which as recently as Friday called for cooler temperatures — have shifted markedly warmer. Overnight oil markets continued to spiral lower.

October 8, 2014