April natural gas is expected to open 2 cents lower at $2.82 as traders factor in what is likely to be the last triple-digit draw on inventory along with what is expected to be a robust injection season. Overnight oil markets rose.
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Forecasters Tinker With Holiday Cold; January Seen 6 Cents Higher
January natural gas is expected to open 6 cents higher Thursday morning at $3.76 as traders fine-tune their expectations for the market impact of the expected Christmas cold and await government storage figures that are anticipated to erase the year-on-year storage deficit. Overnight oil markets gained.
Expiring July Contract Absorbing Plump Storage Data; July Seen 3 Cents Higher
July natural gas is set to open 3 cents higher Thursday morning at $4.58 as traders try to juggle last-minute book-squaring with the release of a government storage report that is expected to show inventory increases well above historical norms. Overnight oil markets fell.
Water Biggest Worry of Fracking Fearful, Poll Finds
Consumers generally favor increased domestic energy production but have mixed feelings about the current natural gas boom, a recent poll by the University of Texas at Austin (UT) found. In particular, the survey illustrates how sharply divided the public remains over the use of hydraulic fracturing (fracking) for well stimulation.
Malfunctioning Carrizo Well Capped in Pennsylvania
Workers brought a malfunctioning natural gas well in Wyoming County, PA, under control on Thursday, according to the state Department of Environmental Protection (DEP).
Massachusetts Residents Favor Offshore Drilling
There were further indications recently of a sea change in public attitudes toward offshore drilling when a public opinion poll sample in Massachusetts, a bastion of liberalism and environmentalism, indicated that a majority of state residents favored drilling off their New England coast.
Survey Says Gas Prices Will Surpass $3 Before 2000
A sample of energy industry experts attending the Dain RauscherWessels Energy Conference in Houston expect prices to strengthentoward the end of this year, only to give way to general priceweakness in 2000. Many of the 146 people polled at the conferencesaid they expected gas prices at the Henry Hub to surge towards$3.10 before the end of this year, then fall to the $2.50 levelearly next year. Overall, 800 energy industry experts, companyrepresentatives, institutional investors and securities analystsattended the four-day conference, which ended last week.
Experts: Gas Prices Will Reach $3.00 Before 2000
A sample of energy industry experts attending the Dain RauscherWessels Energy Conference expects prices to strengthen toward theend of this year, only to give way to general price weakness in2000. Many of the 146 people polled at the conference said theyexpected gas prices to surge towards $3.10 before the end of thisyear, then fall to the $2.50 level in early next year. Overall, 800energy industry experts, company representatives, institutionalinvestors and securities analysts attended the four-day conference,which ended yesterday.