Traders looked past the arrival of below-average temperatures this week and focused on strong production and expectations for mild mid-February weather, sending Natural gas futures lower on Monday. At A Glance: Weather front delivers cold shots February forecast tilts warmer Production continues to hold strong The March Nymex gas futures contract, in its first regular…
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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
NGI The Weekly Gas Market Report
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
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
NGI The Weekly Gas Market Report
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
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
Weather Seen Continued Cold, If Not Colder; April Seen 3 Cents Higher
April natural gas is expected to open 3 cents higher Wednesday morning at $4.49 as forecasters see some risk to colder than expected temperatures later in the six- to 10-day period. Overnight oil markets were mixed.
March 19, 2014
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