February natural gas is set to open 9 cents lower Monday morning at 3.20 as forecasters grope for hints of returning cold. Overnight oil markets tumbled.
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It’s Back; El Nino Seen by Mid-Month; February Called 6 Cents Lower
February natural gas is set to open 6 cents lower Tuesday morning at $2.27 as weather models call for the return of El-Nino-type patterns by mid-month. Overnight oil markets were mixed.
Weather, Technicals Keep Bulls Corralled; October Called 4 Cents Lower
October natural gas is expected to open 4 cents lower Monday morning at $2.57 as traders factor in a combo of weak weather and weak technicals. Overnight oil markets vaulted higher.
Overnight Weather Forecasts Slightly Cooler; August Seen Flat
August natural gas is expected to open unchanged Monday morning at $2.77 as traders note no substantive changes to the near-term weather outlook. Overnight oil markets softened.
Overnight Weather Forecasts Slightly Cooler; August Seen Flat
August natural gas is expected to open unchanged Monday morning at $2.77 as traders note no substantive changes to the near-term weather outlook. Overnight oil markets softened.
Despite Near-Term Cold, Longer-Term Market Impact Seen Minimal; March Called Down 2 Cents
March natural gas is set to open 2 cents lower at $2.73 as hopes for market-moving cold continue to slip away. Overnight oil markets tumbled.
Major Cold Incursion Seen; December Called 15 Cents Higher
December natural gas is set to open 15 cents higher Monday morning as key weather models trended sharply colder. Overnight oil markets gained.
Unconventional Opportunities Still Open in North America, Says Tudor
North American oil and natural gas producers are in the “middle to latter stages of the land grab” for unconventional properties, but there still will be opportunities down the road for others to pitch a claim, said Tudor, Pickering, Holt & Co. Inc.’s (TPH) Bobby Tudor.
Industry Execs Attack Natural Gas Opposition
Energy industry leaders, while directly challenging the opposition, called on the more than 1,600 people attending the Shale Gas Insight 2011 conference in Philadelphia Wednesday to help promote a national energy policy that significantly expands the role of natural gas.
Gasco to Drill Two Uinta Wells This Fall
Gasco Energy Inc. said Thursday it plans to drill two conventional test wells for oil this fall in the Green River Formation, part of the company’s plans to de-risk thousands of acres it holds in the Uinta Basin in eastern Utah.