Traders looked past the arrival of below-average temperatures this week and focused on strong production and expectations for mild mid-February weather, sending Natural gas futures lower on Monday. At A Glance: Weather front delivers cold shots February forecast tilts warmer Production continues to hold strong The March Nymex gas futures contract, in its first regular…
Articles from March
March Natural Gas Expires Lower as Warmth Dominates Weather Forecasts
A reversion back to the warm weather pattern that has dominated most of the winter sank March natural gas prices a little more as it rolled off the board. The March Nymex gas futures contract slipped 2.5 cents, expiring at $2.854. The incoming prompt April contract fell a steeper 6.2 cents to $2.795. Spot gas…
Niobrara Permitting Said ‘Leading Indicator’ of U.S. Onshore Activity
U.S. oil and gas permitting across the board showed solid growth in the first three months of the year, with the Denver-Julesburg (DJ)/Niobrara and Powder River Basin together surpassing the mighty Permian Basin, according to data compiled by Evercore ISI.
Expiring March Natural Gas Climbs Early as Forecasts Cool Further Overnight
Natural gas futures were trading higher early Tuesday, bolstered by an outlook for colder-than-average temperatures to open the month of March. Heading into expiry, the March Nymex contract was up 5.1 cents to $2.887/MMBtu just after 8:30 a.m. ET.
GOM Region-Wide Sale to Offer 14,700 Blocks in Shallow, Deepwater
The Interior Department’s Bureau of Ocean Energy Management next month plans to offer 78 million acres for oil and natural gas prospecting in the Gulf of Mexico (GOM), basically all available unleased areas in federal waters.
April NatGas Barely Higher on Colder March; New England Brushes Off Bomb Cyclone II
Natural gas forward prices for April averaged 2 cents higher from Feb. 23 to March 1 as March comes roaring in like a lion, with several cold snaps following a mostly mild February, which could perhaps lead to heftier storage withdrawals in the coming weeks, according to NGI’s Forward Look.
March Natural Gas Called Lower on Overnight HDD Losses; Storage Report Awaits
March natural gas was set to open Thursday about 3 cents lower at around $2.556 as overnight weather data dropped some heating demand versus previous expectations.
March NatGas Down Again as Brief Bouts of Cold No Match For Record Production
Natural gas forward prices for March fell an average 13 cents between Feb. 2 and 8 as only brief periods of cold weather in the forecast were no match for record production, according to NGI’s Forward Look.
March Natural Gas Called Sharply Lower as Weather Models Moderate Overnight
March natural gas was set to open Wednesday about 13 cents lower at around $3.066 as overnight weather models backed off of recent cold trends toward the middle of February.
March Natural Gas Called Higher as Forecasters Eye Mid-February Arctic Chills
March natural gas was set to open Tuesday about 7 cents higher at around $3.239, with forecasters still pointing to cold risks looking ahead to the middle of February.