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.
March
Articles from March
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
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
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
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
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
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
Plump Surplus Expansion In Play; March Called Down 9 Cents
March natural gas is expected to open 9 cents lower Tuesday morning at $2.74 as both near- and medium-term temperature forecasts call for less heating load. Overnight oil markets were unchanged to higher.
February 21, 2017
No Bottom-Picking, Trader Says; March Called Up 2 Cents
March natural gas is set to open 2 cents higher Friday morning at $2.87 as traders factor in minimal changes to the already moderate weather outlook and avoid trying to pick a market bottom. Overnight oil markets fell.
February 17, 2017
Bulls Corralled by Weather Forecasts; March Seen 2 Cents Lower
March natural gas is set to open 2 cents lower Thursday morning at $2.91 as weather forecasts call for even milder near-term temperatures. Overnight oil markets rose.
February 16, 2017
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