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“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 $3.710, up $0.052 or +1.42%. Advertisement Start Trading Trading Derivatives carries a high level o...
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 bearish storage report....after slipping 0.7% to $3.674 per mmBTU last week as weather forecasts mod...
The upcoming pattern is especially bearish starting this weekend through next week, according to the NatGasWeather.