Where U.S. natural gas and oil exports are allowable they are surging, and as plans progress to carry liquefied natural gas (LNG) and more crude oil overseas, dramatic swings in the U.S. trade balance swiftly will transform America into an energy superpower, according to an in-depth analysis by Citi.
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Midwest, Great Lakes NatGas Points Gain As Cold Settles In; Futures Volatile But Steady
Physical gas prices for Wednesday delivery held firm overall in Tuesday’s trading. Gains in the Midwest, Great Lakes, Mid-Atlantic and Marcellus were able to counter weakness in the Gulf, West Texas and the San Juan Basin and California. Nationally spot prices gained a penny to average $4.14.
November 11, 2014
$10 Gas In Sight? December Called 2 Cents Higher
December natural gas is set to open 2 cents higher Monday morning at $4.43 as traders factor in still colder tweaks to the weather outlook and comparisons are made to the winter of 2000-2001. Overnight oil markets rose.
November 10, 2014
Polar Vortex Targets Upper Midwest, But All Points Surge; Futures Spiral Lower
Next-day gas prices surged higher in Monday’s trading ahead of the first blast of the polar vortex, which by the middle of the week was to hit major Midwest population centers, with temperatures as much as 20 degrees below normal.
November 10, 2014
Northeast, Midwest NatGas Forwards Markets Jump on Early Arctic Blast
Northeast and Midwest natural gas forwards markets screamed higher at the start of the week — posting gains of more than $1 at one market hub — as a series of weather systems are expected to give these areas the first real taste of winter.
November 7, 2014
Cash Gives Up a Few Pennies, But Futures Make It Nine Straight Higher
Spot gas prices for weekend and Monday delivery slipped lower in Friday’s trading from Thursday’s meteoric 24-cent rise. Although traders are bracing for super-sized cold by the middle of next week, near-term outlooks at major population centers were expected to be normal by Monday.
November 7, 2014
Bulls Take a (Cold) Breather; December Seen 3 Cents Lower
December natural gas is set to open 3 cents lower Friday morning at $4.37 as traders await weather developments that could show changes from November forecasts, which for the moment are looking at near-maximum cold. Overnight oil markets rose.
November 7, 2014
Continental Gas Trade Shifting Southward to Mexico
Growth in North American natural gas traffic is migrating south to Mexico from Canada, according to the latest trade scorecard of the United States Department of Energy (DOE).
November 7, 2014
Record Storage Build Expected, But December Called a Penny Higher
December natural gas is expected to open a penny higher Thursday morning at $4.20 as traders balance forecasts of extreme cold weather with a government report that is expected to show record additions of gas into inventory. Overnight oil markets eased.
November 6, 2014
Futures Falter Following Release of Storage Data
Natural gas futures took something of a hit off the release of government storage figures that were greater than what the market was anticipating.
November 6, 2014
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