November natural gas is expected to open a penny higher Friday morning at $3.86 as weather forecasts turn ever so slightly cooler and technicians see no reason to sell. Overnight oil markets continued to spiral lower.
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Moody’s Cuts Natural Gas Price Assumptions Through 2015
North American natural gas prices should rise eventually on demand from new petrochemical plants and the start-up of export facilities, but it won’t be until later this decade, Moody’s Investors Service analysts said Thursday in cutting price assumptions through 2015.
Stout Production Could Keep Natural Gas Prices Lower, Longer
As the market nears the end of the natural gas injection season next month, industry analysts are looking to the winter season and beyond to see what lies ahead. From what they’re seeing, higher prices may not be as close as some producers may have hoped.
Booming NatGas Picture Not Without Risk, Industry Analyst Says
The shale boom does not come without risks, but it is presenting some major potential economic benefits for the United States if the industry and the nation can negotiate the “riskier parts of commercial commodity management,” according to ConocoPhillips Marketing Analysis Director Jim Duncan, who spoke at the LDC MidContinent Gas Forum in Chicago Monday.
Stern Agee Cuts 4Q NatGas Price Forecast; Still Bullish on Winter Storage Outlook
Mild summer temperatures led Stern Agee analysts to reset their U.S. natural gas price forecast for 4Q2014, but they remain bullish for the winter storage season.
Alberta Raises Gas Price Expectations for Fiscal 2014-2015
After an encouraging start, the Alberta government has raised official expectations of average natural gas prices for its full fiscal 2014-2015 by 26%.
Trader Sees Spot Futures Climbing Above $4; September Seen Up 4 Cents
September natural gas is expected to open 4 cents higher Friday morning at $3.92 as traders anticipate a cautious move above $4. Overnight oil markets rose.
Fitch Adjusts U.S. NatGas Price Deck, Raises WTI Forecast
Fitch Ratings on Friday slightly adjusted its U.S. natural gas price deck from December, primarily on strong first quarter pricing from a cold winter. It also raised its base case price deck for West Texas Intermediate (WTI).
Analyst Sees Market Down 15 Cents, Yet Expiring August Called a Penny Higher
The expiring August natural gas contract is set to open a penny higher Tuesday morning at $3.76 as traders square positions ahead of contract expiration yet still see plump storage builds containing any price rallies. Overnight oil markets were mixed.
Marcellus Pricing Differentials Wider Than Forecast, Says Chesapeake
Chesapeake Energy Corp. warned Tuesday that its natural gas pricing differentials in parts of the Marcellus Shale during the second quarter and into July weakened relative to the Henry Hub benchmark and were “significantly wider than forecast.”