July natural gas is expected to open a penny lower Friday morning at $2.70 as traders sense continued price weakness and an eventual long-term supply surplus. Overnight oil markets rose.
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Looming Surplus to Pressure Prices, Analyst Says; July Seen A Penny Lower
July natural gas is expected to open a penny lower Friday morning at $2.70 as traders sense continued price weakness and an eventual long-term supply surplus. Overnight oil markets rose.
Bearish Thoughts Tempered as Storage Begins Fill; May Seen Up 2 Cents
May natural gas is expected to open 2 cents higher Friday morning at $2.55 as traders caution against further aggressive selling with prices close to three-year lows. Overnight oil markets were mixed.
Models See Cooler Temps, Less Demand; April Called 3 Cents Lower
April natural gas is expected to open 3 cents lower Monday morning at $2.70 as traders see prices approaching key decision points and weather forecasts call for less heating load. Overnight oil markets slumped.
$2.50 In Sight, Trader Says; March Called 2 Cents Lower
March natural gas is expected to open 2 cents lower Friday morning at $2.58 as technical traders anticipate the market reaching lower price objectives and the broader weather picture calls for warming. Overnight oil markets gained.
Prices Probe Market Support; March Called Unchanged
March natural gas is expected to open flat at $2.68 Tuesday morning as analysts concede the market’s ability to hold technical support yet remain wary of changes in weather and any new developments in production and storage. Overnight oil markets rose.
Cool Weather Prospects Easing; November Seen 12 Cents Lower
November natural gas is expected to open 12 cents lower Monday morning at $3.92 as forecasts calling for a cool air incursion suddenly look less intense. Overnight oil markets rose.
Gas-Fired Generation Gained on Coal Again Last Month
For the second month in a row, gas-fired power generation gained ground on coal-fired plants compared to the previous year by not falling off nearly as sharply, according to Genscape Inc.’s “Generation Fuel Monitor Report.”
Poll Shows Shift in Favor of Fracking Among New York State Voters
Public opinion of hydraulic fracturing (fracking) among voters in New York State has shifted in favor of the practice, according to a Quinnipiac University poll released on Wednesday.
Industry Smells Armendariz in EPA’s Barnett Ozone Rule
Controversial former Environmental Protection Agency (EPA) Region 6 Administrator Al Armendariz left his job at the end of April, but his fingerprints are on an agency rule calling for stricter ozone standards that would affect Barnett Shale natural gas interests in Wise County, TX, energy companies and industry groups said.