November natural gas is expected to open 4 cents higher Thursday morning at $2.93 as overnight weather models hint at cooler temperatures late in the forecast period. Overnight oil markets retreated.
Articles from November
November natural gas is set to open 4 cents higher Wednesday morning at $2.93 as medium term weather models overnight called for a moderate increase in heating load. Overnight oil markets rose.
November natural gas is set to open 5 cents higher Tuesday morning at $2.88 as weather forecasts turned more seasonal, i.e. cooler, in key markets. Overnight oil markets rose.
November natural gas is set to open unchanged Thursday morning at $2.94 as traders factor in expected lean storage figures into the supply-demand balance. Overnight oil markets rose.
November natural gas is expected to open 6 cents lower Monday morning at $2.95 as weather forecasts provided little in the way of upward stimulus and traders eye the short side of the market. Overnight oil markets tumbled.
November natural gas is set to open unchanged at $3.02 Friday morning as weather forecasts can only muster nominal changes in the near-term outlook. Overnight oil markets eased.
November natural gas is expected to open a penny lower Thursday morning at $3.05 as traders mull storage figures that are expected to narrow the long term storage surplus. Overnight oil markets were mixed.
The expiring October natural gas contract is set to open 2 cents higher Wednesday morning at $2.94 as traders factor in still warmer near-term temperatures and likely expiration day short-covering. Overnight oil markets were mixed.
Domestic dry natural gas production fell 3% year/year in November to 2,155 Bcf, or 71.8 Bcf/d from 74.1 Bcf/d, the ninth consecutive monthly decline, as residential deliveries declined sharply, the Energy Information Administration (EIA) said Tuesday.
The contraction in the Texas upstream oil and gas economy passed the two-year mark in November, according to the Texas Petro Index (TPI), a barometer of industry health in the Lone Star State.