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Mild

Traders Looking Beyond Weather, Storage; December Called 9 Cents Higher

December natural gas is expected to open 9 cents higher Friday morning at $2.79 as traders survey the weather/supply landscape and see a market having discounted many bearish dynamics. Overnight oil markets inched higher.

November 18, 2016

No Change in Weather; January Sub $2

January natural gas is expected to open 5 cents lower Friday morning at $1.96 as the persistent drumbeat of mild temperature forecasts continues to overwhelm fundamental market shifts. Overnight oil markets fell.

December 11, 2015
WSI: Northeast to Average Warmer Than Normal Through Year’s End

WSI: Northeast to Average Warmer Than Normal Through Year’s End

In its first full fall forecast of the year, Weather Services International (WSI) said it expects temperatures nationally to average cooler than normal from the Northern Plains into the Ohio Valley over the next three months, with above-normal temperatures elsewhere, particularly across portions of Texas and the Southwest.

September 25, 2013

Market Hub Prices Mixed; Futures Limp Lower

Physical gas for weekend and Monday delivery overall eased a penny as traders saw little incentive to buy a three-day package under conditions of mild expected weather and the ability to easily make intraday purchases as needed.

June 17, 2013

Cash Flat to Lower; Futures Traders in Position Ahead of EIA Report

The physical natural gas market on average moved a penny lower Wednesday, as buyers seemed content with mild weather to rely mostly on baseload volumes. Points in and around the Great Lakes were up by a couple of pennies and around the Gulf, prices held within a 2-cent range of unchanged. Rockies points were mostly unchanged as well. Futures gained on light volume as players positioned themselves ahead of Thursday’s Energy Information Administration (EIA) storage report. At the close of trading, June futures had risen 5.8 cents to $3.978 and July closed 5.6 cents higher at $4.030. June crude oil gained $1.00 to $96.62/bbl.

May 9, 2013

Cash Prices Endure Widespread Weakness; Futures Steady

Cash natural gas prices retreated 11 cents on average Thursday as traders elected to factor in mild temperatures across the country and incorporate Wednesday’s screen weakness ahead of the release of government inventory data.

April 26, 2013

Top North American Gas Marketers (Bcf/d)

Increased natural gas sales by BP plc weren’t enough to overcome mild winter-sparked decreases reported by several other big name companies, resulting in a 4% (5.86 Bcf/d) decline in gas sales transactions in 4Q2012 (135.01 Bcf/d) compared with 4Q2011 (140.87 Bcf/d)… read more

March 25, 2013

Top North American Gas Marketers (Bcf/d)

Increased natural gas sales by BP plc weren’t enough to overcome mild winter-sparked decreases reported by several other big name companies, resulting in a 4% (5.86 Bcf/d) decline in gas sales transactions in 4Q2012 (135.01 Bcf/d) compared with 4Q2011 (140.87 Bcf/d)… read more

March 25, 2013

‘Trifurcation’ Emerging for Natural Gas, Oil, Liquids

Oil and natural gas prices are facing a “third variable” on plentiful natural gas liquids (NGL), which appears to be creating the next domestic supply glut, a KeyBanc Capital Markets (KBCM) analyst said Wednesday.

February 1, 2013

Northeast, Great Lakes Lead Broad Decline; Futures Inch Higher

Cash natural gas prices skidded overall an average of 10 cents Monday as forecasts for mild temperatures and weakening power prices kept buyers at bay. Northeast points were particularly hard hit, but eastern and Great Lakes locations were also pummeled. At the close of trading January futures had managed a gain of 3.0 cents to $3.591 and February had risen 3.1 cents to $3.615. January crude oil added 18 cents to $89.09/bbl.

December 4, 2012
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