Markets

EIA Projects Milder Temps, Lower Heating Bills This Winter

U.S. households should expect lower heating bills this winter compared to last, thanks in large part to less severe temperatures, but also due to lower natural gas spot prices and significantly higher winter gas production, according to the U.S. Energy Information Administration (EIA). Read More

California Drought Means Less Hydro, More Gas-Fired Power

With 58% of California now in exceptional drought conditions, the state's source of hydroelectric power is down sharply, while reliance on natural gas-fired generation and renewables increased steadily during a dry period stretching back to 2011. Read More

November Outlook Unlikely to Inspire Bulls; Market Called 2 Cents Lower

November natural gas is expected to open 2 cents lower Tuesday morning at $3.88 as near-term weather forecasts don't appear quite as constructive as late last week, yet analysts don't see a convincing case for a concerted price slide. Overnight oil markets softened. Read More

Surging Northeast Natgas Quotes Surrounded By Weakness; Futures Swan Dive

Next-day gas prices were mostly lower in Monday's trading as stout double- and even triple-digit gains at some points in the East compared to drops nearly everywhere else. New England, the Mid-Atlantic, Marcellus points and Appalachia were all higher as pipeline curtailments remained in place, and forecast power loads increased. Next-day power prices were also firm. Producing region pricing came in mixed to lower. Read More

Cool Weather Prospects Easing; November Seen 12 Cents Lower

November natural gas is expected to open 12 cents lower Monday morning at $3.92 as forecasts calling for a cool air incursion suddenly look less intense. Overnight oil markets rose. Read More

Moderate Temps Help NatGas Cash Market Take A Dive; Futures Advance

A convoluted weather pattern in the Northeast, mixed power loads and next-day prices, and a benign temperature outlook were enough to prompt $1-plus declines in New England in Friday's trading for weekend and Monday delivery. Read More

Cooler Temps Coming; November Called 6 Cents Higher

November natural gas is seen opening 6 cents higher Friday morning at $3.99 as traders brace for a shot of cold air expected to arrive in the next week. Overnight oil markets continued their shuffle lower. Read More

Cash, Futures Race Lower Following Oversized EIA Inventory Report

It was almost as if physical traders Thursday had an inkling of what the Energy Information Administration storage report would be... 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

Futures Plunge Following Report of Plump Storage Build

Natural gas futures had the trajectory of a safe falling from a 10-story window following the release of government storage figures that were greater than what the market was expecting. Read More