Page 3 - Gas Intelligence News Today

The Texas labor market reported an employment high of 12,998,200 nonagricultural jobs in November, surpassing its pre-pandemic employment high of 12,970,000 jobs in February 2020, according to new data from the Texas Workforce Commission (TWC).

Nigeria is the largest oil and gas producer in Sub-Saharan Africa and 13th largest in the world in 2021. Oil production began after 1956.

The next major sign of weakness will be a break under $4.736 and a strong follow-through move. Our work suggests that $4.009 is a valid target.

The market found support inside a major retracement area at $5.269 to $4.956. This zone is controlling the near-term direction of the market.

Total stocks now stand at 3.548 trillion cubic feet (Tcf), down 403 Bcf from a year ago and 126 Bcf below the five-year average, the government said.

“Ultimately, the prospect of gas rationing prices and deliverability risks hinges on how cold the winter will be." ~ Energy Aspects

Natural Gas Intelligence (NGI) is reporting that analysts responding to major surveys projected a build near 90 Bcf for the week-ending October 15.

Add to Bookmarks Natural gas futures are trading higher early Monday as traders shrugged off last week’s bigger-than-expected storage build and forecasts calling for milder temperatures than previously expected into the end of the month. Instead of focusing on the smaller picture (last week’s EIA report), investors are shifting their focus toward the relatively low storage figure ahead of the start of withdrawal season later this year. At 11:11 GMT, September natural gas futures are trading...

Here are some selected news articles from the week ended 17 July 2021. Part 2 is available here. This is a feature at Global Economic Intersection every Monday evening or Tuesday morning. Please share this article - Go to very top of page, right hand side, for social media buttons. Natural gas rigs at 15 mo high as prices hit 30 mo high; global oil shortage at 830,000 bpd; DUC backlog at 7.6 months Natural gas prices ended the week unchanged as strong export demand offset cooler weather and a ...

The upcoming pattern is especially bearish starting this weekend through next week, according to the NatGasWeather.