March natural gas is set to open unchanged Wednesday morning at $1.78 as forecasts call for a significant reduction in heating requirements going into March. Overnight oil markets fell.
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NatGas Market Decline Expected to Continue; Cash, Futures Barely Move
It was all quiet on the natgas market front Wednesday ahead of the weekly Energy Information Administration (EIA) storage report. Prices moved only a little, with the Northeast adding about a dime overall and all other market points easing a few pennies. Small but broad losses in the Midwest, Midcontinent, Gulf, Rockies, and California offset the eastern gains.
NatGas Cash, Futures Ease; Analysts Mull Rebalancing Market
Physical natural gas for Wednesday delivery fell in Tuesday’s trading as temperature forecasts and estimates of heating load offered little in the way of incentives to purchase incremental volumes.
Fundamentals Point Lower, Yet March Called 2 Cents Higher
March natural gas is set to open 2 cents higher Tuesday morning at $1.84 even though traders see fundamentals suggesting lower prices and little support from near-term weather. Overnight oil markets fell.
Cascading Events Propel North America’s Unconventional Revolution, Says Braziel
A cascading set of circumstances, brought about in large part by American ingenuity, led to the unconventional natural gas and oil revolution, which in turn has created a new world order for energy markets, according to industry guru Rusty Braziel.
How Low Can It Go With No Weather Help? March Called Down 2 Cents
March natural gas is expected to open 2 cents lower Monday morning at $1.78 as traders see falling demand prompting still lower prices for March. Overnight oil markets rallied.
Debate Follows SoCal Well Leak Closure; Cost Estimate Up to $300M
While leadership has shifted to the California Public Utilities Commission (CPUC) in overseeing an independent investigation of the root causes in the four-month-old natural gas storage well leak in Southern California, the future of the 86 Bcf, 3,600-acre underground storage field is shrouded in doubt and dissention.
More Headwinds for NatGas Pricing as Industrial Demand Disappoints, Says Raymond James
U.S. industrial demand for natural gas has failed to match expectations and lags far behind supply growth, an odious sign for natural gas prices going forward, according to Raymond James & Associates Inc.
NatGas Cash, Futures Join Forces in Modest Move Higher; March Gains 2 Cents
Physical natural gas for Tuesday delivery gained ground in Monday’s trading, barely outpacing a lackluster performance on the screen.
Market Still Groping For Bottom; March Called 2 Cents Lower
March natural gas is set to open 2 cents lower Friday morning at $1.83 as weather forecasts continue the trend of moderation with little in the way of market-moving developments on the horizon. Overnight oil markets fell.