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Production Cuts, Nuclear Outages Send NatGas Forwards Up 10-Plus Cents

Production Cuts, Nuclear Outages Send NatGas Forwards Up 10-Plus Cents

The fall shoulder season may be just around the corner, but some unexpected maintenance events that cut both nuclear generation and production this week helped send natural gas October futures and forward prices up more than 10 cents on average from Sept. 9 to 15, NGI Forward Look shows.

September 16, 2016
NatGas Futures, Forwards Prices Climb on Production, Nuclear Power Declines

NatGas Futures, Forwards Prices Climb on Production, Nuclear Power Declines

The fall shoulder season may be just around the corner, but some unexpected maintenance events that cut both nuclear generation and production this week helped send natural gas October futures and forward prices up more than 10 cents on average from Sept. 9 to 15, NGI Forward Look shows.

September 16, 2016
Neutral Supply-Demand Factors Have NatGas Looking Bullish, Macquarie Analyst Says

Neutral Supply-Demand Factors Have NatGas Looking Bullish, Macquarie Analyst Says

The natural gas market is starting to feel downright bullish, if only because some of the bearish factors weighing down prices the last few years are starting to normalize, according to Macquarie Capital (USA) Global Oil & Gas Strategist Vikas Dwivedi.

September 16, 2016

Some Eastern NatGas Cash Under $1, Yet Futures Continue Climb to $3

Physical natural gas for weekend and Monday continued to grind lower Friday as forecasts of mild weather made three-day deals unattractive.

September 16, 2016

Traders Expecting Near-Average Storage Build; October Called Flat

October natural gas is expected to open unchanged Thursday morning at $2.89 as traders anticipate that government storage figures will be sharply higher than last week and close to historical averages. Overnight oil markets rose.

September 15, 2016
NatGas Futures Inch Lower Following On-Target Storage Figures

NatGas Futures Inch Lower Following On-Target Storage Figures

Natural gas futures traded lower but snapped back Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was about in line with what the market was expecting.

September 15, 2016
Weak NatGas Cash Outdone by Resurgent Futures; October Adds 4 Cents

Weak NatGas Cash Outdone by Resurgent Futures; October Adds 4 Cents

Very few physical natural gas market points made it to the positive side of the trading ledger Thursday as most traders hunkered down and got their deals done before the release of the Energy Information Administration’s (EIA) storage report.

September 15, 2016

U.S. E&P Default Rate Now Rivaling Telecom Bust, Moody’s Says

The oil and natural gas bust beginning in 2015 was worse than many thought, fueling a spike in the U.S. default rate that rivaled the telecom industry collapse in the early 2000s, both in recorded bankruptcies and low creditor recoveries, Moody’s Investor Service said.

September 14, 2016
NatGas Cash, Futures Drift Lower Ahead of Fresh Storage Data

NatGas Cash, Futures Drift Lower Ahead of Fresh Storage Data

Both physical natural gas for Thursday delivery and futures were slow out of the blocks in Wednesday’s trading, with most market points fluctuating within a few cents of unchanged. The NGI National Spot Gas Average fell 2 cent to $2.68, and in the East falling power loads gave buyers little to no incentive to make incremental purchases for power generation.

September 14, 2016

Traders Watching Technicals; October Called 5 Cents Higher

October natural gas is set to open 5 cents higher Wednesday morning at $2.96 as traders discount moderating weather patterns and focus on a re-emergent bullish technical environment. Overnight oil markets eased.

September 14, 2016