Price

Forecast Heat Tempered; August Seen 4 Cents Lower

August natural gas is set to open 4 cents lower Wednesday morning at $3.01 as traders temper their expectations of pervasive heat, and technical resistance looms. Overnight oil markets rose.

July 12, 2017

Weather Models Move Forecast Heat East; August Called 5 Cents Higher

August natural gas is set to open 5 cents higher Tuesday morning at $2.98 as weather models slide forecast heat in a more easterly direction and storage surplus contraction is back in play. Overnight oil markets fell.

July 11, 2017
Industry Asks FERC to Make Harbor Safer For NatGas Price Reporters

Industry Asks FERC to Make Harbor Safer For NatGas Price Reporters

FERC should do more to address the perceived regulatory risk of reporting to price indexes, panelists at a technical conference on natural gas index liquidity and transparency told Commission staff last week.

July 5, 2017

Traders Looking to Establish Long Positions; July Seen 2 Cents Higher

July natural gas is called 2 cents higher Friday morning at $2.91 as near-term weather forecasts call for basically normal temperatures, and near-term traders mull bearish conditions for next week. Overnight oil markets inched higher.

June 23, 2017

Choppy Price Action Seen Continuing; June Called 4 Cents Lower

June natural gas is set to open 4 cents lower Tuesday morning at $3.31 as weather forecasts offer little in the way of price guidance, yet traders see the ongoing price advance intact for the moment. Overnight oil markets rose.

May 16, 2017

NatGas Price Reporting Agencies Seeing Greater Index Participation

The number and volume of natural gas transactions — according to FERC Form 552 submissions from up to 680 respondents — were in decline during 2008 to 2014 and flattened in 2015. However, that trend has improved somewhat in 2016, executives with two price reporting agencies (PRA) said in Houston on Tuesday.

April 13, 2017

NatGas Price Index Reporting Sees Uptick

The number and volume of natural gas transactions — according to FERC Form 552 submissions from up to 680 respondents — were in decline during 2008 to 2014 and flattened in 2015. However, that trend has improved somewhat in 2016, executives with two price reporting agencies (PRA) said in Houston on Tuesday.

April 7, 2017

Traders Suggest Sideline Stance; May Called 4 Cents Lower

May natural gas is set to open 4 cents lower Friday morning at $3.29 as traders question just how much more upside the market has left in it given currently ample storage. Overnight oil markets rose.

April 7, 2017

Briefs — Kinder Morgan Pipelines, Storage

FERC has approved index price changes in their respective tariffs proposed by multiple pipelines owned/operated by Kinder Morgan Inc. (KMI) to reference index prices published by Natural Gas Intelligence (NGI) instead of those published by Intercontinental Exchange as the latter will soon cease to exist as an independent publisher of natural gas price indexes. The pipelines affected are Cheyenne Plains Gas Pipeline Co LLC [RP17-508]; Sierrita Gas Pipeline LLC [RP17-509]; Ruby Pipeline LLC [RP17-512]; El Paso Natural Gas Co. LLC [RP17-504]; Wyoming Interstate Co. LLC [RP17-505]; and Colorado Interstate Gas Co. LLC [RP17-486]. Also making similar changes in index pricing to NGIare KMI’s Young Gas Storage Co. Ltd. [RP17-484] and Keystone Gas Storage LLC [PR17-30]. NGI, which has been publishing wholesale natural gas prices for more than 30 years, is an approved price reporting agency in compliance with the Federal Energy Regulatory Commission’s 2003 policy statement [PL03-3] on wholesale natural gas and electricity price indexes.

March 30, 2017

Wells Fargo Raises 2017 NatGas Price Forecast on Improving Demand, Exports

Wells Fargo Securities LLC has raised its natural gas price forecast for 2017, citing increased exports to Mexico and overseas, as well as improving demand, which should outpace “moderate” supply gains.

March 29, 2017