March

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.

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.

A string of record-warm months continued in March, and the Northeast and other population centers can expect more unusually high temperatures in May, according to forecasters at the National Oceanic and Atmospheric Administration (NOAA).

A string of record-warm months continued in March, and the Northeast and other population centers can expect more unusually high temperatures in May, according to forecasters at the National Oceanic and Atmospheric Administration (NOAA).

Sorry, but the recent notch up in crude oil prices shouldn’t be enough to bring joy to the energy patch. Job losses continue to pile up and nearly every indicator points to more pain for the oil and natural gas industry, a Texas economist said.