Articles by Bill Burson

Analyst Viewing Deficit Turning to Surplus; November Seen 3 Cents Lower

November natural gas is set to open 3 cents lower Wednesday morning at $3.68 as weather forecasts remain stubbornly locked in moderate mode and the technical environment continues to deteriorate. Overnight oil markets rose. Read More

Marcellus, Mid-Atlantic Gains Outgunned by Broad Declines; Futures Limp Higher

Next-day physical prices were mixed in Tuesday's trading, with gains in the Marcellus and Mid-Atlantic unable to offset losses in New England, the Gulf Coast, Midcontinent, Rockies and California. At the end of the trading day, the national average was unchanged. Read More

Futures Struggle Off 11-Month Lows; November Called a Penny Lower

November natural gas is set to open a penny lower Tuesday morning at $3.66 as the market attempts to swallow the latest round of moderating weather forecasts and the possibility of an extended storage injection season. Overnight oil markets rose. Read More

Bears Gain Market Control Despite Firm Cash; November Drops a Dime

A mixed temperature regime prompted wide changes in next-day gas in Monday's trading, with gains in the Great Lakes and West Coast joining forces with strong eastern points offsetting losses in the Gulf, Midcontinent, and Rockies. Overall, the market added 5 cents. Read More

Weather Still Not Showing Up; November Seen 8 Cents Lower

November natural gas is expected to open 8 cents lower Monday morning at $3.69 as traders see little evidence of cold weather emerging by November, and mull the prospects for an extended refill season. Overnight oil markets rose. Read More

Northeast Gains Offset Broad Producing Zone Losses In Weekly Trading

At first glance NGI Weekly Spot Gas Prices look like a sea of red ink, but upon closer inspection widespread losses primarily in Producing Zones of a nickel to a dime were offset by stout double digit advances in the Northeast. The NGI Weekly Spot Gas Average came in a penny higher at $3.42. Read More

Physical Gas Outruns Futures Lower; November Off 3 Cents

Gas buyers for weekend and Monday packages were not persuaded to commit to three-day deals on Friday in spite of a combination of active weather, temperatures below seasonal norms and a firm power market. Read More

Mild Forecast Stirs Bears; November Called 3 Cents Lower

November natural gas is set to open 3 cents lower Friday morning at $3.77 as traders see little in the way of supportive weather developments and envision the market trading at the low end of its ongoing trading range. Overnight oil markets recovered somewhat from recent selling. Read More

Strong New England, Great Lakes Balanced by Weak West, Marcellus; Futures Steady

Physical gas for delivery Friday moved little following the release of the weekly Energy Information Administration storage report. Read More

'Tame' NatGas Futures Lose 2 Cents Following Storage Report

Natural gas futures worked lower Thursday morning following the release of government storage figures that were greater than what the market was looking for. Read More