March

Sabine Pass LNG Exports Declined in March

Sabine Pass LNG Exports Declined in March

Exports of U.S. liquefied natural gas from the Sabine Pass terminal in Louisiana declined from February to March…

May 16, 2017
Rigs Counts, Other Data Point to Industry Recovery

Rigs Counts, Other Data Point to Industry Recovery

Ongoing drilling activity across the country along with well permitting in Texas and an improving employment outlook in Houston continue to point to a recovery for the oil and natural gas industry.

April 13, 2017
Henry Hub to Average $3.10 This Year, $3.45 in 2018, EIA Forecasts

Henry Hub to Average $3.10 This Year, $3.45 in 2018, EIA Forecasts

The Energy Information Administration’s estimated 2017 average Henry Hub spot price, which had tumbled 12% in the agency’s March Short-Term Energy Outlook (STEO), took an upturn in the April report, rising to $3.10/MMBtu, a 2.2% increase compared with the previous forecast.

April 11, 2017
EIA Sees Henry Hub Averaging $3.10 This Year, $3.45 in 2018

EIA Sees Henry Hub Averaging $3.10 This Year, $3.45 in 2018

The Energy Information Administration’s estimated 2017 average Henry Hub spot price, which had tumbled 12% in the agency’s March Short-Term Energy Outlook (STEO), took an upturn in the April report, rising to $3.10/MMBtu, a 2.2% increase compared with the previous forecast.

April 11, 2017

Demand Seen Firming, Yet April Called A Penny Lower

April natural gas is set to open a penny lower Tuesday morning at $3.04 as heating load is forecast to be below normal levels and traders sense a weakening technical picture. Overnight oil markets rose.

March 28, 2017
March Cold, Hefty Storage Draw Lift April Above $3 With Days Left Before Expiry

March Cold, Hefty Storage Draw Lift April Above $3 With Days Left Before Expiry

A cold weather system that bolstered demand in portions of the United States this week combined with an unusually large storage withdrawal to send April natural gas futures and forwards markets up 9 cents on average between March 17 and 23, according to NGI’s Forward Look.

March 24, 2017
Bearish Storage Draw, Mild Temps Pressure NatGas Forwards Prices Lower

Bearish Storage Draw, Mild Temps Pressure NatGas Forwards Prices Lower

Natural gas forwards markets slid an average of 11 cents at the front of the curve between March 10 and 16 as the luck of the Irish proved elusive, thanks to a smaller-than-expected storage withdrawal and weather forecasts calling for increasingly mild weather to close out March.

March 17, 2017
No Luck For NatGas Forwards: Small Storage Draw, Mild Temps Pressure Prices Lower

No Luck For NatGas Forwards: Small Storage Draw, Mild Temps Pressure Prices Lower

Natural gas forwards markets slid an average of 11 cents at the front of the curve between March 10 and 16 as the luck of the Irish proved elusive, thanks to a smaller-than-expected storage withdrawal and weather forecasts calling for increasingly mild weather to close out March.

March 17, 2017
March NatGas Forwards Shed 20-Plus Cents W-O-W As Market Writes Off Winter

March NatGas Forwards Shed 20-Plus Cents W-O-W As Market Writes Off Winter

Not even a larger-than-expected withdrawal from storage was enough to soften the blow of a more than 20-cent drop in March natural gas forwards prices as the main focus remains on weather, or the lack thereof.

February 24, 2017
Comfortable Storage, Weak Weather Dropped March NatGas Forwards Nearly 20 Cents Last Week

Comfortable Storage, Weak Weather Dropped March NatGas Forwards Nearly 20 Cents Last Week

A lower-than-expected natural gas storage withdrawal and forecasts for continued mild weather for much of the rest of the month sent March natural gas forward prices down an average of 18 cents between Feb. 10 and 16, according to NGI Forward Look.

February 22, 2017