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The EIA is scheduled to release its weekly storage report at 15:30 GMT. NGI’s model estimated a 135 Bcf withdrawal for the week-ended February 26.
forecasts Natural Gas Price Fundamental Daily Forecast – Ripe for Short-Covering Rally, but Near-Term Outlook is BearishThe week ahead is expected to generate some demand increases, but the mid-range outlook is notably bearish. Mar 02, 2021 06:56 AM GMT Natural gas futures are edging lower early Tuesday after yesterday’s short-covering rally produced a modest gain. Helping to underpin prices was a rebound in the spot market and liquefied natural gas. Gains may have been capped by forecasts calling for lower domestic demand because of the outlook for mild spring temperatures At 06:26 GMT, ...
EBW Analytics Group analysts expect “monster draws” to be reported this week and next, eliminating a quarter of the gas in storage.
forecasts Natural Gas Price Fundamental Daily Forecast – Futures Capped by Stubborn Short-Sellers While Spot Prices SoarIf the spot market is any indication of price behavior then there is huge risk to the short-sellers ahead of a week-end. Feb 14, 2021 10:32 AM GMT Natural gas futures settled higher on Friday while continuing to straddle the proverbial “line in the sand” that should decide the near-term direction of the market. Aggressive longs are still holding up prices, but stubborn shorts refuse to budge, banking on a few weather models calling for the cold to break up by the end o...
A stunning surge in short-term natural gas prices Friday related to Arctic cold moving into the central U.S. states should mean at least a short-term surge in cash flow for local natural gas producers. Natural Gas Intelligence on Friday reported that Midcontinent spot prices soared to as high as $600 per million British thermal units, with transactions at an Oklahoma trading hub all topping $125 after starting the week at around $3. âItâs an extremely historic day for natural gas, thatâs for sure,â said Chelsie Miera, executive director of the West Slope Colorado Oil and G...