Markets

July natural gas is set to open 2 cents lower Friday morning at $2.61 as analysis shows a protracted storage surplus with estimates of ending inventories above 4 Tcf. Overnight oil markets rose.

The United States will assume the presidency of the International Gas Union (IGU) on Friday at the 26th World Gas Conference in Paris and will lead the worldwide non-profit organization for the next three years.

Physical natural gas for weekend and Monday delivery worked lower Friday as weather systems were confined mainly to load-killing rain and thunderstorms over much of the country and traders were reluctant to commit to three-day deals. Overall, the market fell 5 cents to $2.19.

July natural gas is set to open 2 cents lower Friday morning at $2.61 as analysis shows a protracted storage surplus with estimates of ending inventories above 4 Tcf. Overnight oil markets rose.

The United States will assume the presidency of the International Gas Union (IGU) on Friday at the 26th World Gas Conference in Paris and will lead the worldwide non-profit organization for the next three years.

Physical natural gas for weekend and Monday delivery worked lower Friday as weather systems were confined mainly to load-killing rain and thunderstorms over much of the country and traders were reluctant to commit to three-day deals. Overall the market fell 5 cents to $2.19.

July natural gas is expected to open unchanged Thursday morning at $2.63 as traders anticipate a plump triple-digit increase in working gas inventories. Overnight oil markets eased.

The combined impact of weather, economic growth, customer demand, storage inventories and production activity will put downward pressure…

Forget about $3/Mcf natural gas prices anytime this year because the U.S. gas surplus is growing and the chances of substantial increases in demand from power generators are fading. That's the quick sketch drawn Wednesday by Teri Viswanath, senior natural gas analyst at BNP Paribas, the global institutional banker.