Stocks

Markets Shrug Off Weather Worries, Push Up February Natural Gas Futures

Markets Shrug Off Weather Worries, Push Up February Natural Gas Futures

Natural gas futures slipped early on Monday following forecasts for mild weather and diminished heating demand. However, they rebounded in afternoon trading and finished in the green amid anticipation of a late-month surge in frigid temperatures. The February Nymex gas futures contract settled at $2.747/MMBtu, up 4.7 cents day/day after falling more than 10 cents…

January 11, 2021
EIA Storage Stats a Bullish Miss; January NatGas Choppy Following Report

EIA Storage Stats a Bullish Miss; January NatGas Choppy Following Report

The Energy Information Administration (EIA) on Thursday reported a larger-than-average storage withdrawal that exceeded consensus estimates, and prices got a bounce after some overnight selling.

December 21, 2017

Williams Exec: ‘Crackers or Bust’ as Ethane Production Booms

While the debate rages over whether exporting liquefied U.S. natural gas is a good idea, stocks of natural gas liquids (NGL) are so abundant, export of some is viewed as a necessity. And in the United States, more chemical sector demand can’t come fast enough.

March 25, 2013

Williams Exec: Get Crackin’ on Ethane Solutions

While the debate rages over whether exporting liquefied U.S. natural gas is a good idea, stocks of natural gas liquids (NGL) are so abundant, export of some is viewed as a necessity. And in the United States, more chemical sector demand can’t come fast enough.

March 25, 2013

Propane Inventories Hit Record in September

Given the state of natural gas liquids (NGL) markets, it should come as no surprise that U.S. propane inventories (including propylene stocks) hit a record high at the end of September while the average weekly spot price at Mont Belvieu, TX, hit a low not seen since the third quarter of 2009, according to the Energy Information Administration (EIA).

October 18, 2012

BofA Nudges 2013 Natural Gas Price Forecast Up 25 Cents

With natural gas stocks at levels below the seasonal norm after a summer of market rebalancing, analysts at Bank of America Merrill Lynch (BofA) Monday lifted their 2013 average gas price forecast by 25 cents to $3.75/MMBtu.

October 9, 2012

Bulls Undeterred by Large Storage Build; August Down 2.5 Cents

August natural gas futures closed lower Thursday following the weekly government inventory report showing stocks were built at a greater rate than had been anticipated.

July 15, 2011

Futures Ease on Short-Term Range Trading; January Down 6.1 Cents

January natural gas futures drifted lower Wednesday as traders elected to trade within a narrow range, all the while debating what Thursday’s government inventory report would show. At the end of an uninspired day January futures fell 6.1 cents to $5.462 and February shed 6.5 cents to $5.513. January crude oil rose $1.97 to $72.66/bbl on a supportive petroleum inventory report.

December 17, 2009

Midstream’s Fortunes Wane on Market Trends

A handful of economic, market and meteorological factors have reshaped the outlook for natural gas liquids (NGL), building stocks of ethane in the face of an evaporating market and potentially adding to downward pressure on natural gas prices in the first quarter should the coming winter be one of modest temperatures.

November 24, 2008

Analysts: Gas Liquids Outlook ‘Turned on its Head’

A handful of economic, market and meteorological factors have reshaped the outlook for natural gas liquids (NGL), building stocks of ethane in the face of an evaporating market and potentially adding to downward pressure on natural gas prices in the first quarter should the coming winter be one of modest temperatures.

November 20, 2008
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