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.
March
Articles from March
Moody’s: Oil/Gas Liquidity Stress Hit Another Record in March
Liquidity stress continues to rise in the oil and gas sector, according to Moody’s Investors Service.
NatGas Forward Curves Mostly Quiet as Shoulder Season Kicks Off
Natural gas prices for May shifted less than nickel at most market hubs between March 28 and 31 as mostly bearish weather on tap for the next couple of weeks and an in-line storage report left the market relatively idle, according to NGI’s Forward Look.
Revised Demand Forecast Puts Market in Peril, Analyst Says; March Seen Flat
March natural gas is set to open unchanged Wednesday morning at $1.78 as forecasts call for a significant reduction in heating requirements going into March. Overnight oil markets fell.
How Low Can It Go With No Weather Help? March Called Down 2 Cents
March natural gas is expected to open 2 cents lower Monday morning at $1.78 as traders see falling demand prompting still lower prices for March. Overnight oil markets rallied.
Market Still Groping For Bottom; March Called 2 Cents Lower
March natural gas is set to open 2 cents lower Friday morning at $1.83 as weather forecasts continue the trend of moderation with little in the way of market-moving developments on the horizon. Overnight oil markets fell.
‘Downside Open,’ Analyst Says; March Called 5 Cents Lower
March natural gas is expected to open 5 cents lower Thursday morning at $1.89 as traders note moderating weather forecasts and the looming end of the withdrawal season. Overnight oil markets gained.
Weather Models Showing Warmth; March Called 5 Cents Lower
March natural gas is expected to open 5 cents lower Tuesday morning at $1.91 as traders reconcile weather models showing warming trends out to the end of the month. Overnight oil markets fell.
Short-Term Cold Jump Starts Market; March Called 7 Cents Higher
March natural gas is set to open 7 cents higher Monday morning at $2.13 as overnight weather forecasts call for a healthy shot of near-term cold. Overnight oil markets plunged.
Outlier Weather Model No Help to Bulls; March Called 3 Cents Lower
March natural gas is expected to open 3 cents lower Wednesday morning at $2.00 as most weather models can come up with no convincing pattern capable of significantly shifting the supply-demand balance. Overnight oil markets were mixed.