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Heat Still In Play, Yet July Called 2 Cents Lower

July natural gas is set to open 2 cents lower Tuesday morning at $2.73 as traders look beyond the end of the month’s warm spell. Overnight oil markets retreated.

June 21, 2016
SoCal Heat Wave Drives Up Power Load, But NatGas Supplies Hold

SoCal Heat Wave Drives Up Power Load, But NatGas Supplies Hold

Severe heat hit Southern California Monday, driving temperatures into the triple digits and spiking the highest statewide electricity demand of the year with more to follow on Tuesday, but the taxed natural gas system appeared to be holding up, even with the state’s largest underground gas storage field closed.

June 21, 2016
Hefty Private Equity War Chest Readied For NatGas, Oil Investments

Hefty Private Equity War Chest Readied For NatGas, Oil Investments

Privately backed financial firms have close to $1 trillion ready to deploy into the global oil and natural gas sector, with one-quarter now planning acquisitions by year’s end that mostly target North America and the Asia-Pacific, a survey by Ernst & Young has found.

June 21, 2016
NatGas Cash, Futures Inch Higher Even as Storage Makes Historic Move

NatGas Cash, Futures Inch Higher Even as Storage Makes Historic Move

Physical gas for delivery Wednesday rose modestly in Tuesday’s trading as strong performances in the Midwest, Texas and Gulf Coast overshadowed weaker pricing in the Rockies, California and East.

June 21, 2016

Weather Bulls Stirring; July Called 5 Cents Higher

July natural gas is expected to open 5 cents higher Monday morning at $2.67 as traders factor in extreme heat in Southern California and its likely impact on supply. Overnight oil markets gained.

June 20, 2016
Raymond James Sees WTI Advancing to $80 in 2017, 2018

Raymond James Sees WTI Advancing to $80 in 2017, 2018

Raymond James & Associates has increased its 2017/2018 West Texas Intermediate oil price forecast by $5.00/bbl, but cautioned that given the U.S. unconventional industry’s ability to post efficiency gains, the bias over time is for prices to move lower.

June 20, 2016
Despite Breather, NatGas Forwards Climb Again

Despite Breather, NatGas Forwards Climb Again

Natural gas forward prices picked up a few cents on average between June 10 and 16 despite what some market insiders pegged as a bearish storage report, according to NGI Forward Look.

June 20, 2016

NatGas Cash, Futures Post Double-Digit Gains as Summer Arrives

Summer’s official start began with a bang as next-day gas surged higher in Monday’s trading, lifted by a supportive screen and temperature forecasts calling for above normal readings. No points followed by NGI fell into the loss column, while gains upwards of 20 cents were common.

June 20, 2016
Weekly NatGas Cash Posts Fourth Straight Gain; Futures Settle Highest In Nine Months

Weekly NatGas Cash Posts Fourth Straight Gain; Futures Settle Highest In Nine Months

There were high-fives all around for natural gas traders for the week ended June 17. Not one of the points followed by NGI fell into the red, and most locations notched gains around 20 cents.

June 17, 2016

Traders Mull Warm Weekend; July Called Unchanged

July natural gas is expected to open unchanged Friday morning at $2.58 as traders see near-term weather as providing enough market support to preclude a supply-induced selloff. Overnight oil markets jumped.

June 17, 2016