March natural gas futures and forwards markets slid nearly 20 cents on average between Jan. 27 and Feb. 2 as the market brushed off news that Punxsutawney Phil saw his shadow on Groundhog’s Day, theoretically indicating there would be six more weeks of winter, according to NGI’s Forward Look.
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Articles from Markets
Weak Fundamentals, Technicals At Odds With Industry Optimism; March NatGas Drops A Dozen
Physical natural gas traded for the weekend and Monday joined hands with the futures screen and in something akin to a lover’s leap, jumped off a cliff in Friday trading.
February 3, 2017
Weekly NatGas Trading Tackled For A Loss, But Industry Optimistic Going Forward
The natural gas market went looking for any incursion of cold air it could find for the week ended Feb. 3 and came up empty handed. It seemed as though trading during the week ended up being a never-ending succession of weather models turning more moderate and prompting lower pricing.
February 3, 2017
NatGas Bears Setting Their Sights On Weakening Weather, Thin Storage Stats
March natural gas is set to open 4 cents lower Thursday morning at $3.13 as weather models retreated from Wednesday’s cooler outlook and traders anticipate government storage figures to show low usage for this time of year. Overnight oil markets were mixed.
February 2, 2017
Canada NatGas Utilities Showcasing Expertise in Nascent Energy Storage Industry
As AltaGas Inc. charges up one of North America’s biggest batteries, Canadian natural gas and power companies are uniting to amplify the Calgary firm’s Southern California breakthrough into an export growth industry.
February 2, 2017
Public Hearing on Aliso Canyon Cut Short by Protesters
The first of two days of state-run public hearings Wednesday in Los Angeles on the aftermath of the Aliso Canyon underground natural gas storage field methane leak was abruptly shut down after hundreds of angry residents refused to let proponents of the facility speak, drowning them out with repeated cries of “shut it down.”
February 2, 2017
Little Market Response Following On-Target EIA NatGas Storage Stats
Natural gas futures moved off session lows Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was about in line with what traders were expecting.
February 2, 2017
Oneok to Acquire Oneok Partners in $9.3 Billion Transaction
Oneok Inc. said it plans to acquire all of the outstanding common units of its master limited partnership (MLP), Oneok Partners LP, in an all-stock deal valued at $9.3 billion.
February 2, 2017
NatGas Cash, Futures Part Company; March Gains 2 Cents After Storage Data
Traders of physical natural gas for Friday delivery scurried to get their deals done Thursday ahead of the release of Energy Information Administration (EIA) storage figures, and prices inched lower. Prices in the Mid-Atlantic, however, managed gains as near-term weather forecasts called for cooler temperatures going into the weekend. The NGI National Spot Gas Average fell 2 cents to $3.06.
February 2, 2017
February NatGas Bidweek Slumps, But 2017, 2018 Seen Positive
The natural gas trading landscape is shaping up to be a tale of two markets: a soft near-term February characterized by uninspired bidweek prices offset by analyst predictions of an improved 2017 and 2018.
February 1, 2017
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