Markets

December natural gas was set to open about 2 cents higher Thursday at around $3.10 as all eyes turn to the 10:30 a.m. EDT release of the Energy Information Administration’s (EIA) storage inventory data.

December natural gas was set to open about 2 cents higher at around $3.12 Wednesday as the market continues to puzzle over mixed weather signals ahead of Thursday’s storage inventory data from the Energy Information Administration (EIA).

Energy Secretary Rick Perry on Tuesday said he expects Mexico and Canada will join the United States in drafting a revamped North American Free Trade Agreement (NAFTA) to incorporate cooperation for the continent’s burgeoning natural gas and oil trade.

Canadian efforts to break into the global liquefied natural gas (LNG) trade still have a chance to make a late but strong start, according to the pipeline partner in the stalled export campaign.

Natural gas futures slid further Wednesday, with the market vexed by disagreement in the major weather models and waiting to see if Thursday’s storage inventory report — expected to show the season’s first withdrawal — can give a nudge in either direction.

December natural gas was set to open about 6 cents lower Tuesday at around $3.10 as the market continued to pull back from last week’s gains on mixed signals in the long-range weather outlook.

Booming U.S. natural gas and oil production have set the country on track to become the leading global gas exporter by the mid-2020s and a net oil exporter soon after, the International Energy Agency (IEA) said Tuesday.

The recent pullback in natural gas futures continued Tuesday as disagreement between the major weather models pointed to warmer risks through the remainder of November. Meanwhile, flat-to-lower demand in most regions following the recent cold blast had the spot market awash in red ink, and the NGI National Spot Gas Average fell 9 cents to $2.99.

December natural gas was set to open about 5 cents lower Monday at around $3.16 after weekend shifts in the weather models pointed to warmer risks for later this month.