September natural gas is set to open 3cents higher Wednesday morning at $2.64as traders factor in a re-emergence of hot, humid weather next week, even while conceding that the peak of extreme weather-driven demand has liked passed. Overnight oil markets were mixed.
Saal
Articles from Saal
Power Burn Drove Last Week’s Net 6 Bcf Withdrawal, EIA Says
Record-high natural gas power burn was the driving factor behind last week’s unusual 6 Bcf summer storage withdrawal, according to the Energy Information Administration (EIA).
August 8, 2016
Weather Bulls Relishing Colder Forecasts; December Called 18 Cents Higher
December natural gas is set to open 18 cents higher Wednesday morning at $4.42 as overnight six- to 10 and 11- to 15-day forecasts turned colder mainly in the Midwest. Overnight oil markets rose.
November 19, 2014
Squirrely Northeast Sees $1 Quotes; Futures Settle at New Five-Month Low
Lack of heat and hurricanes, ample supply and capacity constraints were once again working in concert Friday for weekend and Monday natural gas delivery as physical gas price averages across the country continued lower with certain infrastructure-challenged locations in the Northeast coming off by 50 cents to nearly a dollar. September natural gas futures continued to probe lower Friday and ended up dropping 4 cents to close at $3.347, a fresh five-month low for a prompt-month close.
August 5, 2013
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