Although last week offered glimpses of warmer temperatures forecast to arrive by the middle of December, recent volatility in weather models kept natural gas market bears treading lightly. That changed Monday when milder weather trends rolled into the medium range, sustained warmth to close out the month became a possibility and production data pointed to a new high.
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NGI The Weekly Gas Market Report
U.S., Canada Seen as Top Spots for Oil, Gas Dealmaking in 2019
Most global oil and gas executives expect to make deals to buy or sell assets in 2019, nearly 10% above the global average, with most of the activity likely to be in the United States, spurred by onshore transactions, and in Canada, according to a recent survey.
Trilateral Trade Deal Still Facing Uncertain Future for U.S., Canada and Mexico
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Natural Gas Forwards Values Mixed on Fluctuating Winter Forecasts
With cold weather forecast for the medium range but the possibility of warmer weather later next month, forward prices across the country were mixed but mostly stronger for the Nov. 21-28 period, according to NGI’s Forward Look. December prices averaged 24 cents higher, while January tacked on an average 21 cents.
Mid-December Mild Trends in Focus as Natural Gas Futures Slide; Cash Strengthens in West
Natural gas futures bulls lost ground Friday as forecasters pointed to a mid-December break from cold temperatures across much of the country. Physical prices continued to strengthen across the West, especially in Southern California, while deals for weekend and Monday delivery were generally discounted across the eastern two thirds of the country; theNGISpot GasNational Avg.increased 14.0 cents to $4.670/MMBtu.
Weekly Natural Gas Spot Prices Slide as West Texas Marks New Low
New lows in West Texas headlined a week of mostly moderating natural gas prices in physical markets to close out the month of November; the NGI Weekly Spot Gas National Avg. tumbled 63.0 cents to $4.410/MMBtu.
Natural Gas Futures Down Slightly as Mid-December Mild Trends Loom; SoCal Cash Spikes
Natural gas futures bulls lost ground Friday as forecasters pointed to a mid-December break from cold temperatures across much of the country. Physical prices continued to strengthen across the West, especially in Southern California, while deals for weekend and Monday delivery were generally discounted across the eastern two thirds of the country; the NGI Spot Gas National Avg. increased 14.0 cents to $4.670/MMBtu.
Confidence Holds on Long-Range Warming as January Natural Gas Called Lower
January natural gas futures were trading 3.4 cents lower at $4.612/MMBtu shortly before 9 a.m. ET Friday as forecasters continued to note long-range mild trends showing cold easing into mid-December.
Natural Gas Futures Pull Back as Market Awaits Potentially Bearish EIA Report
January natural gas futures were trading 14.0 cents lower at $4.559/MMBtu shortly before 9 a.m. ET Thursday, giving back some of the prior session’s gains, as the market turns its attention to the upcoming release of government storage data.
Natural Gas Prices Absorb Impact of Big Bearish Miss in EIA Storage Report
The Energy Information Administration (EIA) reported a 59 Bcf withdrawal from U.S. natural gas stocks that missed well to the bearish side of expectations, but futures managed to largely absorb the immediate impact Thursday.