Items Tagged with 'market'

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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

NGPL Offering Capacity on Expansion to Serve Chicago Area

Natural Gas Pipeline Company of America LLC (NGPL) is holding a binding open season through Nov. 17 for the potential expansion of its Gulf Coast mainline system from the Rockies Express Pipeline (REX) interconnection in Moultrie County, IL, to points north on NGPL's system. Read More

Gazprom Faces Obstacles to Growing LNG Stature, Analyst Says

Russia's OAO Gazprom might want to grow its presence in global liquefied natural gas (LNG) trade, but it will face headwinds from supplies coming from Australia, the Middle East as well as from the United States, according to an analyst with GlobalData. Read More

Futures Still 'Home on the Range;' November Called a Penny Lower

November natural gas is expected to open a penny lower Tuesday morning at $3.91 as traders study ways to deal with a market that for the moment has no appreciable trend. Overnight oil markets resumed their plunge. Read More

Warming Derails Upward Momentum; November Called 7 Cents Lower

November natural gas is set to open 7 cents lower Wednesday morning at $3.89 as the specter of oversupply continues to loom over the market and weather forecasts -- which as recently as Friday called for cooler temperatures -- have shifted markedly warmer. Overnight oil markets continued to spiral lower. Read More

Battle Lines on NatGas Market Restructuring Issue Remain Unchanged

Differences of opinion between the natural gas and electricity industries over a possible restructuring of gas markets, which were voiced at an unusual roundtable meeting at FERC headquarters last month, are even more clearly delineated in dozens of post-conference comments filed this week [AD14-19-00]. Read More

Weather, Technicals Keep Expiring October Below $4

The expiring October natural gas futures contract is expected to open 3 cents lower Friday morning at $3.94, with traders squaring books as it goes off the board. Weather forecasts continue to be unsupportive, and technical thresholds remain intact. Overnight oil markets were mixed. Read More

Speculative Selling Fading; October Called 4 Cents Higher

October natural gas is set to open 4 cents higher Tuesday morning at $3.89 as traders continue to see a bearish trading environment, but there's a hint that surprises could come to the upside. Overnight oil markets rose. Read More

Bears Apparently In Control; October Seen 3 Cents Lower

October natural gas is expected to open 3 cents lower Friday morning at $3.88 as analysts see both the fundamental and technical picture having turned noticeably bearish in the short term. Overnight oil markets slumped. Read More

Risk Managers See Downside Exposure, Yet October Called 5 Cents Higher

October natural gas is expected to open 5 cents higher Monday morning at $3.91 as traders balance a steady technical picture with near-term risk for lower prices. Overnight oil markets fell. Read More