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DeSmog While fracking for oil and gas in the U.S. has contributed to record levels of fossil fuel production, a critical part of that story also involves water. An ongoing battle for this precious resource has emerged in dry areas of the U.S. where much of the oil and gas production is occurring. In addition, once the oil and gas industry is finished with the water involved in pumping out fossil fuels, disposing of or treating that toxic wastewater, known as produced water, becomes yet another problem. These water woes represent a daunting challenge for the U.S. fracking industry, w...

Add to Bookmarks Natural gas futures are edging lower on Tuesday after running into resistance earlier in the session. The market continues to be well-supported by near-record export demand and driven higher by calls for intensifying cooler temperatures. Today’s early price action, however, suggests the weather-related news may have been fully-priced into the market. This could lead to a short-term pullback. At 14:12 GMT, June natural gas futures are trading $2.803, down $0.015 or -0.53%. Advertisement Start Trading Short-Term Weather Outlook According to NatGasWeather for April 20 – Apri...

The natural gas storage report from the EIA for the week ending March 5th indicated that the amount of natural gas held in underground storage in the US fell by 52 billion cubic feet to 1,793 billion cubic feet by the end of the week, which left our gas supplies 257 billion cubic feet, or 12.5% below the 2,050 billion cubic feet that were in storage on March 5th of last year, and 141 billion cubic feet, or 7.3% below the five-year average of 1,934 billion cubic feet of natural gas that have been in storage as of the 5th of March in recent years....the 52 billion cubic feet that were drawn out...

forecasts Natural Gas Price Fundamental Weekly Forecast – Bearish 10-15 Day Forecast to Weigh on PricesAnalysts now expect a paltry withdrawal with the next government storage release on Thursday. Mar 15, 2021 05:25 AM GMT Natural gas futures started the new week with a gap to the downside as new weather forecasts revealed the warming trend will continue to weigh on demand. The early price action also suggests that traders are anticipating another anemic storage report from the U.S. government. Last week, May natural gas futures settled at $2.636, down $0.103 or -3.76%. Advertisement Start ...

Traders expect to see a modest withdrawal in Thursday’s EIA weekly storage report.