Tag / Snow



Short-Term Technicals, Fundamentals Point Higher; December Called Up 7 Cents

December natural gas is expected to open 7 cents higher Monday morning at $2.91 as traders factor in a near-term convergence of bullish fundamental and technical factors. Overnight oil markets rose.

November 21, 2016

Longer-Term Weather, Politics In Play; December Called 8 Cents Higher

December natural gas is set to open 8 cents higher Monday morning at $2.70 even though clouds are darkening over the longer-term weather outlook. Analysts see a supportive political environment going forward and healthy prices in 2017. Overnight oil markets fell.

November 14, 2016

Traders Mull Cooler Temps, Plump Storage; May Called 2 Cents Higher

May natural gas is expected to open 2 cents higher Thursday morning at $1.93 as traders juggle a mix of short-term cooler weather along with a government report that is expected to show storage reaching an all-time high on a seasonal basis. Overnight oil markets were mixed.

April 7, 2016
Dangerous Winter Storm Having Limited NatGas Market Impact; Futures Post Small Gain

Dangerous Winter Storm Having Limited NatGas Market Impact; Futures Post Small Gain

Next-day physical natural gas at most points outside the East added a few pennies to a little more than a nickel in trading for Friday delivery.

January 21, 2016

Bulls Take a (Cold) Breather; December Seen 3 Cents Lower

December natural gas is set to open 3 cents lower Friday morning at $4.37 as traders await weather developments that could show changes from November forecasts, which for the moment are looking at near-maximum cold. Overnight oil markets rose.

November 7, 2014

California Eyes Possible Hydro and NatGas Problems, Conserves Power

As state and federal officials last week were assessing the potential for the drought to impact hydroelectric power this summer, California Independent System Operator (CAISO) on Thursday issued a conservation alert because of a shortage of natural gas supplies that underpin much of the state’s power generation.

February 7, 2014

Midwest, California Lead Gains; Futures Slip After Posting 21-Month High

The cash market on average gained 4 cents Wednesday for Thursday delivery as the midsection of the country continued to get lashed by snow, cold and generally winter-like conditions. California and Midwest points were strong, and other market centers posted more moderate gains. At the close of futures trading, June had eased 1.7 cents to $4.326 after posting a new 21-month high at $4.440 earlier in the day. July had fallen 1.5 cents to $4.379, and June crude oil was clobbered, falling $2.43 to $91.03/bbl.

May 2, 2013

Industry Briefs

A train derailment near the town of Parkers Prairie, MN, Wednesday morning spilled 20,000-30,000 gallons of crude oil into a field, but frozen, snow-covered ground was “a saving grace” that should keep environmental damage to a minimum, a Minnesota Pollution Control Agency (MPCA) spokesman told NGI’s Shale Daily. Fourteen of the Canadian Pacific Railroad train’s 94 cars derailed and oil from three of them was leaked, the spokesman said. “They’re going to be able to recover most, if not all” of the oil, according to MPCA spokesman Dan Olson. No injuries were reported.

March 28, 2013

Kansas City Gas Blast Still Under Investigation

An investigation continued Thursday in the natural gas explosion that destroyed most of a city block in a shopping district Tuesday night in Kansas City, MO. A snow storm that blanketed the region Wednesday night had slowed progress, officials said.

February 22, 2013

Midwest Ripped by Cold, Snow, Yet Cash, Futures Ease

Thanks to volatile Northeast gas prices, the national average for physical natural gas traded Thursday for Friday delivery dropped nearly 50 cents.

February 22, 2013
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