Trading

With exports underway at Dominion Energy Inc.’s Cove Point liquefied natural gas (LNG) terminal in Lusby, MD, the Intercontinental Exchange (ICE) has launched a physical trading product to reflect the changing market dynamics at the facility.

November natural gas is set to open 4 cents lower Wednesday morning at $2.93 as overnight weather models run into conflicts over forecast cooling. Overnight oil markets were mixed.

Natural gas trading volumes reported to the Mexican energy regulator in August more than doubled over the previous month.

October natural gas is expected to open 3 cents higher Tuesday morning at $2.98 as weather patterns post-Irma call for a warming trend in key markets. Overnight oil markets rose.

October natural gas is set to open 2 cents lower Friday morning at $2.96 as Irma-related issues inject a greater degree of uncertainty than normal into overnight weather data. Overnight oil markets were narrowly mixed.

September natural gas is expected to open 3 cents higher Wednesday morning at $2.85 as traders study indicators showing a lack of selling. Overnight oil markets were mixed.

August natural gas forward markets rose an average 4.3 cents between July 14 and 20 as scorching temperatures this week lifted power burn to the highest levels of the summer so far, while longer-term weather forecasts continued to show some cooling in key demand regions, according to NGI’s Forward Look.

The co-founder of a Bakken Shale midstream operator has been charged with allegedly operating a stock scheme that allowed him to collect millions in bonus payments.

April natural gas is expected to open 4 cents higher Monday morning at $3.12 as traders factor in uncertain but cooler weather patterns and the market continues to exhibit technical strength. Overnight oil market eased.