Forecasts Shift Warmer; September Called A Penny Higher

September natural gas is set to open a penny higher Wednesday morning at $2.70 as traders digest a moderate warm tweak to near-term temperature outlooks. Overnight oil markets were mixed, but equity markets rebounded.

August 26, 2015

‘Conservative’ Market Poised to Test $3, Analyst Says; August Called Flat

August natural gas is expected to open unchanged at $2.88 Wednesday morning as analysts suggest that a short-covering rally could send prices to, if not past, the $3 threshold. Overnight oil markets were lower.

July 22, 2015

New England Leads Cash Lower; Long-Term Storage Now at Deficit

Cash natural gas prices fell on average just over a nickel Thursday as weather continued to moderate and buyers balked at buying spot gas and resorted to storage gas withdrawals. Nearly all points experienced losses, and the biggest declines were seen on New England pipelines. Eastern points were also weak, and in the Midwest, prices slipped just under a nickel.

April 5, 2013

Physical, Futures Prices Dance Lower

No points were left untouched Thursday as overall cash prices tumbled on average 13 cents. The Northeast suffered not only from a moderate weather outlook but also the arrival of copious quantities of liquefied natural gas (LNG) that entered the market.

December 14, 2012

Gas Glut Didn’t Appear Overnight, Won’t Disappear Tomorrow, Says Bentek Exec

Whether the natural gas market is “proactive or reactive” today doesn’t matter much in the grand scheme of things, according to Bentek Energy’s Jack Weixel. Like the chicken or the egg metaphor, asking which came first, gross gas production or dry gas production is irrelevant when considering that today output is 20 Bcf/d higher than in 2006. The real question is how will the market adapt, or rather, what’s the market going to do with all the production?

May 17, 2012

FERC Report: Shales Boost Production, Lower Prices

Continuing high natural gas production levels driving prices to the sub-$2 level raise concerns of an eventual production bust that could result in higher prices for producers, according to a market report Thursday by FERC’s Office of Enforcement (OE).

April 20, 2012

Prices Flat or Higher Across the Board

Generally moderate weather predictions, such as the Chicago area reaching the low to mid 50s Tuesday, didn’t suggest any likelihood of spot prices increasing Monday. But cash traders either thought otherwise or were looking ahead to near the end of the week, when cold fronts would be moving into such areas as the Midwest.

January 10, 2012

Barclays: North American E&P Spending to Target Oil, Liquids in 2012

North American producers plan to target their 2012 capital expenditures mostly to oil and liquids-rich basins, with the Permian Basin and West Texas leading the list, according to a new spending survey by Barclays Capital.

December 23, 2011

Northeast Spikes Contrast With Overall Softening

As a Northeast marketer had predicted the day before, prices continued to move higher Friday (including several spikes) at citygates in his region, but moderate softness reigned in the rest of the market. The Northeast was bracing for a cold blast with temperatures bottoming out around freezing or lower. But although similarly frigid conditions were in the forecasts for the Midwest as far south as the Midcontinent and for the Rockies, those areas failed to find enough heating load to lift prices.

December 19, 2011

Federal Reserve: Economy Growing, Shale Gas Expanding

The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.

December 5, 2011
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