NatGas Forwards End Month On High Note Amid Return Of Heat To Forecasts

NatGas Forwards End Month On High Note Amid Return Of Heat To Forecasts

After spending much of June in negative territory, natural gas forward markets ended the month on a strong note, with August gaining an average 7.7 cents between June 23 and 29 as heat is expected to blanket much of the country in the coming weeks to drive up demand, according to NGI’s Forward Look.

June 30, 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

Near-Record El Nino Could Add Downward Pressure to NatGas Prices This Winter

A strong El Nino event in the Pacific Ocean continued unabated last month and is expected to remain strong through the winter, according to the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center (CPC), a forecast that would further dampen natural gas prices.

December 10, 2015
El Nino Could Bring Drought Relief to California

El Nino Could Bring Drought Relief to California

Parched California and some parts of the Southwest may get some welcome drought relief this coming winter if current predictions for a strong El Nino effect pushing the jet stream southward holds up. AccuWeather forecasters said the factors contributing to El Nino have strengthened a lot during the past month.

July 13, 2015

Futures Reach Four-Month High Overnight; June Seen Up 5 Cents

June natural gas is set to open 5 cents higher Tuesday morning at $3.06 as traders see an unfettered path leading to prices another 7 cents higher and weather forecasts turned slightly more supportive. Overnight oil markets fell.

May 19, 2015

November Outlook Unlikely to Inspire Bulls; Market Called 2 Cents Lower

November natural gas is expected to open 2 cents lower Tuesday morning at $3.88 as near-term weather forecasts don’t appear quite as constructive as late last week, yet analysts don’t see a convincing case for a concerted price slide. Overnight oil markets softened.

October 7, 2014

Warmer-Than-Normal Summer Forecast Across United States

Temperatures across almost all of the United States will average warmer than normal over the next three months, though the Southeast and Ohio Valley may get some cooler breaks, according to a seasonal forecast released last week by Weather Services International (WSI).

July 1, 2013

East, Northeast Lead Broad Gains; Forecast Warmth Prompts Futures Rise

Physical natural gas prices on average rose 8 cents Monday led by strong gains posted by East and Northeast points, hefty screen gains, and buoyant next-day power prices. New England locations proved to be the biggest winners, but eastern points were not far behind. Gulf and California points firmed as well. At the close of futures trading July had advanced 14.2 cents to $3.875 and August rose 13.8 cents to $3.897. July crude oil slipped 8 cents to $97.77/bbl.

June 18, 2013

CNG Keeps Price Edge; NatGas Highway Expands

Separate reports confirmed the competitiveness of natural gas as a transportation fuel, with the price of compressed natural gas (CNG) maintaining a strong pricing edge over gasoline, diesel and other alternative fuels. At the same time, liquefied natural gas (LNG) is expanding its potential transportation options to include rail.

June 18, 2013

Wyoming, Canada Energy Ties Run Deep, Governor Says

From oil sands to coal ports to liquefied natural gas (LNG) engines, Wyoming’s energy ties to Canada are strong and should get stronger, Gov. Matt Mead said Friday, previewing a week long (June 12-19) trip north of the border to expand trade relations that now account for $2 billion annually.

June 11, 2013
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