Wind

April natural gas is set to open 2 cents lower Friday morning at $3.03 as traders view the market as slightly overbought and little in the way of supportive weather is seen on the horizon. Overnight oil markets rose.

Physical natural gas for weekend and Monday delivery found few takers in Friday’s trading as ample storage, along with a quiet energy market, gave traders little incentive to lock in three-day deals.

Driven by natural gas and renewables, the U.S. power grid added more than 27 GW of electricity generating capacity last year, the largest amount added since 2012, the Energy Information Administration (EIA) said Monday in aToday in Energy note.

The expiring February natural gas contract is set to open 7 cents lower Friday morning at $3.31 as forecast cold is expected to be less intense than previously thought. Overnight oil markets sagged.

February natural gas is set to open 2 cents lower Friday morning at $3.37 as traders incorporate milder weather into their forecasts but at the same time acknowledge bullish undercurrents. Overnight oil markets eased.

December natural gas is expected to open 5 cents lower Friday morning at $2.58 as traders assess the likelihood of mild conditions and continued storage builds continuing into December. Overnight oil markets fell.

November natural gas is set to open 3 cents higher Friday morning at $3.08 as traders see a market feeding off gains made Thursday following the Energy Information Administration storage report. Overnight oil markets fell.

An aborted wind power project has sent a message that Canadian environmental standards require renewable energy developers to do more than cut carbon emissions by replacing coal- and natural gas-fired generating stations.

October natural gas is set to open unchanged Friday morning at $2.81 as traders balance the effects of Thursday’s lean storage build with an anticipated moderation in weather patterns. Overnight oil markets sank.