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.
Articles from March
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.
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.
March natural gas is expected to open 5 cents higher Wednesday morning at $2.95 as traders note little change in more deferred temperature outlooks. Overnight oil markets eased.
March natural gas is set to open 2 cents lower Tuesday morning at $2.92 as traders confront a new set of forecasts showing still milder weather conditions. Overnight oil markets rose.
Forget Phil, Forecasts Indicate Winter All But History; March NatGas Forwards Slide On Average 19 Cents
March natural gas futures and forwards markets slid nearly 20 cents on average between Jan. 27 and Feb. 2 as the market brushed off news that Punxsutawney Phil saw his shadow on Groundhog’s Day, theoretically indicating there would be six more weeks of winter, according to NGI’s Forward Look.
February natural gas is expected to open 9 cents higher Tuesday morning at $3.33 as weather models call for cooling in the more deferred time periods amid hints of cold Canadian air working south. Overnight oil markets rose.
Through the first three months of 2016, natural gas consumption in the power sector increased year/year, while residential and commercial consumption was down, according to the Energy Information Administration’s (EIA) latest Monthly Energy Review(MER).
Two shale-rich states helped push total U.S. natural gas production to 2.82 Tcf, and dry gas production reached 2.29 Tcf (74 Bcf/d) in March, the Energy Information Administration (EIA) said.
Dry natural gas production in the United States reached 2.29 Tcf (74 Bcf/d) in March, marking the sixth straight year with a record high for the month, the Energy Information Administration (EIA) said.