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US Natural Gas Inventories Are Higher than Their 5-Year Average
The EIA reported that US natural gas inventories fell by 68 Bcf (billion cubic feet) to 2,295 Bcf between February 24, 2017, and March 3, 2017.
Weekly US Natural Gas Consumption Is Higher for the Second Week
PointLogic reported that US natural gas consumption rose marginally for the second straight week for the week ending June 15—compared to the previous week.
Decoding US Natural Gas Inventories by Region
The EIA estimates that US natural gas inventories will be ~4.0 trillion cubic feet by the end of October 2016, which is the start of the 2016–2017 heating season.
Hot Summer Weather Forecast Sends Natural Gas Prices Higher
Natural gas futures contracts for August delivery rose by 1.5% and settled at $2.69 per MMBtu on July 21. Prices rose due to the hot summer weather forecast.
What’s Dragging Down Cabot Oil & Gas Stock?
Year-to-date, Cabot Oil & Gas (COG) has been the fifth-weakest energy stock from the US oil and gas production sector.
World Bank Thinks US Natural Gas Prices Could Rise in 2018
World Bank expects that US natural gas prices could average $3.1 per MMBtu in 2018, which would be 4% higher than the average level in 2017.
Is Southwestern Energy Following Natural Gas Price Movements?
As we saw in the previous part of this series, Southwestern Energy’s (SWN) stock price decreased strongly by ~6.0% for the week ended January 19. Natural gas (UGAZ)(DGAZ)(UNG) prices fell marginally by ~0.5%.
What’s in the Cards for US Natural Gas Prices in August?
US natural gas inventories are 23.2% higher than their five-year average. High inventories could limit the upside potential for US natural gas prices.
How Rise in US Natural Gas Consumption Affects Prices
PointLogic reported that US natural gas consumption rose 10% between December 8 and December 14, 2016.
Will US Natural Gas Futures Rise in September?
Hedge funds reduced their net bullish positions on US natural gas futures and options contracts by 2,511 contracts to 81,683 on August 15–22, 2017.
OPEC Could Pressure US Natural Gas Prices in 2018
US natural gas rigs rose 35% in the last 12 months, while US natural gas prices (UNG) fell 20% during this period.
Natural Gas Prices Fell from a 7-Week High Due to Profit-Booking
US natural gas prices tested the intraday high of $2.03 per MMBtu on Thursday, March 31, 2016. This is the highest level since February 2016.
Trump Could Impact Natural Gas Supplies in the Medium Term
PointLogic reported that US natural gas supplies rose 0.5% to 77.4 Bcf (billion cubic feet) per day from November 10–16, 2016.
Winter Weather and Inventories Could Impact Natural Gas Prices
Aegent Energy Advisors estimates that US natural gas prices are expected to trade below $3.27 per MMBtu this winter from November 2016 to March 2017.
Natural Gas Prices Are Trading Close to $2 per MMBtu
November natural gas futures contracts are following their long-term downward trend. Prices are trading close to the key support of $2 per MMBtu.
The EIA Upgrades US Natural Gas Forecast for 2016
US natural gas inventories are 22.1% higher than their five-year average. High natural gas inventories could pressure natural gas prices.
US Natural Gas Prices Hit a 2016 High: What’s Next?
Natural gas prices rose due to cold weather forecasts and the bullish US natural gas inventory report. Prices hit a 2016 and two-year high.
Why Isn’t the Dollar Steering Natural Gas Prices?
Between May 2 and August 10, the US Dollar Index and natural gas prices moved in opposite directions based on the closing price in 35 out of 70 trading sessions.
Will US Natural Gas Futures Test 2016 High?
As of May 4, 2017, June natural gas futures are above their 50-day and 200-day moving averages.
The Rising Dollar: Is It Affecting Natural Gas Prices?
From November 9–16, 2016, natural gas December futures rose 2.8%. The US Dollar Index rose 1.8% during that period.
How Will Natural Gas Prices Move in November and Beyond?
US natural gas inventories are 4.6% above their five-year average. However, the surplus is shrinking.
US Natural Gas Futures Could End This Week on a Bullish Note
US natural gas (UNG) futures contracts for February delivery are above their 20-day, 50-day, and 100-day moving averages on January 19, 2018.
Southwestern Energy Followed Natural Gas to the Upside Last Week
Southwestern Energy’s (SWN) stock price rose ~4.9% for the week ending December 29. Even natural gas (UGAZ) (DGAZ) (UNG) prices moved to the upside.
Hedge Funds’ Net Long Position in US Natural Gas Hit a New High
Hedge funds increased their net long position in US natural gas futures and options contracts by 27,776 contracts on May 9–16, 2017—the highest level ever.
Will Natural Gas Prices Hold above $2 per MMBtu
Long-term bearish momentum is dragging natural gas prices to record lows. All the fundamental drivers are supporting the bearish traders.
Bottom Fishing: Natural Gas Prices Could Rally
The long-term bearish momentum could cause natural gas prices to fall, and the next support for natural gas prices could be seen at $2 per MMBtu.
US Natural Gas Consumption: Bullish or Bearish for Prices?
The EIA estimated that monthly US natural gas consumption rose by 19 Bcf per day to 91 Bcf per day in December 2016—compared to the previous month.
Natural Gas Prices Are Trading above Key Moving Averages
US natural gas inventories are 25% higher than their five-year average. High natural gas inventories could also limit the upside for US natural gas prices.
Natural Gas Prices Rise Due to the Weather Outlook
Natural gas prices had the highest settlement of $2.09 per MMBtu on April 19, 2016, since February 11. High natural gas prices benefit natural gas producers.
What Caused Range Resources’ Revenue Growth in 4Q17
Range Resources’ 4Q17 revenue In 4Q17, Range Resources (RRC) reported revenue of ~$600 million, lower than Wall Street analysts’ estimate of ~$626 million. RRC’s revenue rose ~24% from its 3Q17 revenue of ~$482 million and ~2% from its 4Q16 revenue of ~$590 million. Reasons behind Range Resources’ higher revenue in 4Q17 Range Resources’ higher revenue could be attributed […]
US Natural Gas Futures Are near a 4-Week High
US natural gas active futures hit $1.68 per MMBtu on March 4, 2016—the lowest level in 17 years. Prices hit $3.99 per MMBtu on December 28, 2016.
Why US Natural Gas Traders Are Tracking OPEC’s Production
Baker Hughes, a GE company, released its weekly US natural gas rigs report on January 19, 2018. Natural gas rigs increased by two to 189 on January 12–19.
Why Are Analysts Bullish on US Natural Gas Prices in 2017?
US natural gas inventories are 0.6% less than the five-year average. Falling natural gas inventories will support natural gas (FCG) (DGAZ) (BOIL) prices.
Will US Natural Gas Futures Fall More?
US natural gas (GASL) futures contracts for January delivery were below their 20-day, 50-day, and 100-day moving averages on December 14, 2017.
NYMEX Natural Gas Prices: Long-Term Forecasts
US natural gas inventories are currently 11% higher than their five-year average. High natural gas inventories could weigh on US natural gas prices.
US Natural Gas Futures Recovered from a 3-Month Low
NYMEX natural gas (GASL) (DGAZ) futures contracts for July delivery rose 4.3% and settled at $3.06 per MMBtu (million British thermal units) on June 15.
Will US Natural Gas Rig Count Test Previous High?
The US natural gas rig count rose by four to 171 rigs. Rigs were up 2.4% week-over-week and 96.6% year-over-year.
US Natural Gas Rig Count and Natural Gas Price Forecasts
On June 30, 2017, Baker Hughes (BHI) is scheduled to release its US natural gas rig count report for the week ending June 30, 2017.
US Natural Gas Price Forecast for 2017 and Beyond
World Bank forecast that US natural gas prices will average $2.30 per MMBtu in 2016, $3.00 per MMBtu in 2017, and $3.50 per MMBtu in 2018.
Will Natural Gas Prices Make a U-turn at $2.3 per MMBtu?
The consensus of rising natural gas inventory could push natural gas prices lower than the key resistance of $2.30 MMBtu.
US Natural Gas Prices Were Mixed in 2016: What’s Next?
US natural gas prices were on a rollercoaster ride in 2016. February 2017 natural gas futures contracts fell and closed at $3.72 per MMBtu on December 30.
How Do US Natural Gas Inventories Impact Natural Gas Prices?
The EIA released its weekly natural gas inventory report on August 25. US natural gas inventories rose by 11 Bcf to 3.35 trillion cubic feet from August 12–19.
Could the US Dollar Impact Natural Gas Prices?
Between May 2 and July 27, the US Dollar Index and natural gas prices moved in opposite directions based on the closing price in 29 out of 60 trading sessions.
Decoding US Natural Gas Inventories by Region Last Week
The EIA estimates that US natural gas inventories will be at 1,940 Bcf by the end of March 2017—20.0% higher than the five-year average.
S&P 500 and US Natural Gas Futures Next Week
NYMEX natural gas futures contracts for March delivery fell 0.27% to $2.58 per MMBtu on February 15, 2018.
Will Range Resources Stock Start a New Uptrend?
For the week ending March 9, 2018, Range Resources (RRC) stock rose more than 7% or from $14.65 to $15.74.
Why Southwestern Energy’s Revenues Grew in 4Q17
For 4Q17, Southwestern Energy (SWN) reported revenues of ~$809 million—higher than Wall Street analysts’ consensus of ~$803 million.
Chesapeake Energy’s Poor Performance in 2017: What’s to Blame?
In 2017, Chesapeake Energy (CHK) turned out to be the second-worst-performing energy stock of the Energy Select Sector SPDR ETF (XLE).
US Natural Gas Production and Consumption Could Impact Prices
According to PointLogic, US dry natural gas production increased by 0.3 Bcf (billion cubic feet) per day to 75.7 Bcf per day on January 11–17, 2018.
Record Withdrawal in US Natural Gas Inventories
US natural gas inventories fell by 359 Bcf (billion cubic feet) to 2,767 Bcf between December 29, 2017, and January 5, 2018, according to the EIA.
US Natural Gas Production Could Pressure Prices in 2018
According to PointLogic, US dry natural gas production fell 3.7% to 74 Bcf (billion cubic feet) per day between December 28, 2017, and January 3, 2018.
Will US Natural Gas Inventories Support Prices This Week?
A Reuters poll estimates that US natural gas inventories could have fallen by 332 Bcf (billion cubic feet) between December 29, 2017, and January 5, 2018.
Which Energy Commodity Is Rising in the New Year?
For the week starting January 1, 2018, crude oil prices have risen ~2%, from last week’s close of $60.42 per barrel to $61.63 per barrel on January 3, 2018.
Crude Oil Prices Could Pressure US Natural Gas Prices in 2018
Baker Hughes released its US natural gas rig count report on December 29, 2017. Natural gas rigs fell by two or 1.1% to 182 on December 22–29, 2017.
Natural Gas Inventories Could Help US Natural Gas Prices
A larger-than-expected withdrawal in US natural gas inventories compared to historical averages would help natural gas prices this week.
US Natural Gas Inventories Fell Last Week
US natural gas inventories fell by 182 Bcf (billion cubic feet) to 3,444 Bcf on December 8–15, 2017, according to the EIA.
US Natural Gas Production Could Help Natural Gas Bears
According to PointLogic, US dry natural gas production rose 0.9% to 76.8 Bcf (billion cubic feet) per day on December 14–20, 2017.
Which Energy Commodity Rose the Most this Week?
This week, unleaded gasoline (UGA) prices are leading the rise in energy commodities. Gasoline prices rose very strongly from last week’s close of $1.655 per gallon on December 15 to $1.745 per gallon on December 20, an increase of ~5.4%.
US Natural Gas Inventories: Smallest Fall since 2015
US natural gas inventories fell by 69 Bcf (billion cubic feet) or 1.8% to 3,626 Bcf on December 1–8, 2017, according to the EIA.
Why Southwestern Energy Has High Correlation with Natural Gas
Southwestern Energy (SWN) stock has fallen more than 9% in the last five trading sessions.
Pioneer Natural Resources: A Low-Leverage Upstream Company
As of 3Q17, Pioneer Natural Resources’ (PXD) net debt-to-EBITDA is on the lower side when compared with the trailing four quarters.
Crude Oil Prices Add More Concerns for Gas Rigs and Prices
Baker Hughes will publish its US natural gas rig count report on December 8, 2017. Gas rigs rose by four to 180 on November 22–December 1, 2017.
Unexpected Rise in US Natural Gas Inventories
The EIA estimated that US natural gas inventories rose by 2 Bcf (billion cubic feet) to 3,695 Bcf on November 24–December 1, 2017.
US Natural Gas Futures Feel the Heat Due to the Weather
US natural gas futures contracts for January delivery rose 0.79% to $3.05 per MMBtu (million British thermal units) at 1:20 AM EST on December 1, 2017.
What Could Drive US Natural Gas Futures Next Week?
The CFTC reported that hedge funds’ net long positions in US natural gas futures and options contracts rose by 33,734 contracts to 75,297 on November 7–14.
Natural Gas: OPEC’s Meeting Could Impact Supply and Demand
US natural gas production rose by 0.3 Bcf (billion cubic feet) per day to 75.9 Bcf per day on November 9–15, 2017. Production rose 0.4% week-over-week.
Weather Could Help Natural Gas Bulls Next Week
The weather is expected to be colder than normal next week. High demand could have a bullish impact on natural gas prices.
Are US Natural Gas Inventories Bullish for Natural Gas Futures?
The EIA estimates that US gas inventories rose by 15 Bcf (billion cubic feet) or 0.4% to 3,790 Bcf on October 27–November 3, 2017.
What Could Impact Natural Gas Futures?
PointLogic estimates that US dry natural gas production rose by 0.9 Bcf (billion cubic feet) per day to 75.5 Bcf per day on October 26–November 1, 2017.
US Natural Gas Inventories Could Help Natural Gas Futures
The EIA reported that US natural gas inventories rose by 65 Bcf (billion cubic feet) to 3,775 Bcf on October 20–27, 2017.
Will the Weather Push Natural Gas Prices Higher?
December natural gas (UNG) (BOIL) futures contracts rose 2.4% to $3.05 per MMBtu in electronic exchange at 1:07 AM EST on November 6, 2017.
Marathon Oil’s Cash Flow Could Increase in 3Q17
Wall Street analysts expect Marathon Oil (MRO) to report a higher cash flow of ~$490 million YoY (year-over-year) in 3Q17 from ~$366 million in 3Q16.
How Weather Forecasts Are Affecting US Natural Gas Futures
December natural gas (BOIL) (FCG) futures contracts fell 0.29% to $3.04 per MMBtu (or million British thermal units) in electronic exchange at 2:04 AM EST on October 27, 2017.
Why US Natural Gas Inventories Fell below the 5-Year Average
On October 13, the US Energy Information Administration (or EIA) released its weekly US natural gas inventory report.
Will US Natural Gas Consumption Drive Prices?
US natural gas consumption rose by 7.3 Bcf (billion cubic feet) per to 70.37 Bcf per day in July 2017 compared to August 2017.
Analyzing Southwestern Energy’s 3Q17 Revenue Expectations
For 3Q17, Wall Street analysts expect Southwestern Energy (SWN) to report revenues of ~$759 million.
How US Natural Gas Production and Consumption Are Driving Prices
Market data provider PointLogic estimates that weekly US dry natural gas production fell by 0.2 Bcf (billion cubic feet) per day to 74.3 Bcf per day from September 21 to 27, 2017.
How Weather Is Affecting US Natural Gas Futures
US natural gas (DGAZ)(UGAZ) futures contracts fell 0.3% to $3.00 per MMBtu (million British thermal units) in electronic trading at 2:00 AM EST today.
Will US Natural Gas Rig Counts Recover?
Baker Hughes (BHI) is scheduled to release its weekly US crude oil and natural gas rig count report today.
Why Crude Oil Prices Drive Marathon Oil Stock
The majority of Marathon Oil’s revenues comes from crude oil and NGL sales. The price of crude oil is thus the key driving factor for MRO stock.
US Natural Gas Rig Count Hit a 9-Week Low
On September 22, 2017, Baker Hughes will release its US natural gas rig count report. The US natural gas rig count fell by one to 186 on September 8–15.
Will US Natural Gas Consumption Rise in 2018?
PointLogic estimates that weekly US natural gas consumption rose 11.3% to 57.9 Bcf per day on September 14–20, 2017.
Will the Weather Pressure US Natural Gas Futures?
October US natural gas futures contracts rose 0.4% to $2.96 per MMBtu (million British thermal units) in electronic trading at 2:05 AM EST on September 22.
US Natural Gas Futures Collapsed, S&P 500 Fell
October US natural gas (UNG) (FCG) futures contracts fell 4.5% to $2.95 per MMBtu (million British thermal units) on September 21, 2017.
Why US Natural Gas Prices Could Rise in 2018
The CFTC (U.S. Commodity Futures Trading Commission) is scheduled to release its weekly “Commitment of Traders” report on September 15.
Will US Natural Gas Production Pressure Natural Gas Prices?
Market data provider PointLogic estimates that weekly US dry natural gas production rose by 0.2 Bcf (billion cubic feet) per day to 73.9 Bcf per day from September 7 to 13.
Why US Natural Gas Inventories Are above their 5-Year Average
On September 14, the EIA (U.S. Energy Information Administration) released its weekly US natural gas inventory report.
US Natural Gas Prices: Moving Averages and Price Forecasts
The EIA estimates that US natural gas prices could average $3.06 per MMBtu in 2017—1.4% lower than previous estimates.
US Natural Gas Consumption Reached a 25-Month Low
The EIA estimates that monthly US natural gas consumption rose by 0.11 Bcf per day or 0.2% to 62.77 Bcf per day in June 2017—compared to May 2017.
Will US Natural Gas Inventories Fall below the 5-Year Average?
The EIA reported that US natural gas inventories rose by 30 Bcf (billion cubic feet) to 3,155 Bcf on August 18–25, 2017.
Hurricane Harvey Impacted US Weather and Natural Gas Prices
Hurricane Harvey hit the Gulf Coast region on August 26, 2017. It’s estimated to be one of the biggest hurricanes to hit the US in the last 50 years.
US Natural Gas Futures Are near a 5-Week High
October natural gas (BOIL) (UNG) futures contracts trading on NYMEX rose 2% to $3.04 per MMBtu (million British thermal units) on August 31, 2017.
US Natural Gas Rig Count Is Near a 4-Month Low
Baker Hughes released its US natural gas rig count report on August 25, 2017. The US natural gas rig count fell by two to 180 on August 18–25, 2017.
Why US Natural Gas Futures Fell before Expiry
September US natural gas (UNG) (GASL) futures contracts fell 1.7% to $2.89 per MMBtu on August 25, 2017. The contracts will expire on August 29.
Will US Natural Gas Futures Fall from Current Levels?
September natural gas futures are above their 20-day and 50-day moving averages of $2.91 and $2.96 per MMBtu (million British thermal units), respectively.
What to Expect from US Natural Gas Inventories
On August 10, 2017, the EIA (U.S. Energy Information Administration) released its weekly US natural gas inventory report.
Will US Weather Pressure or Support Natural Gas Prices?
September US natural gas (DGAZ) (GASL) futures contracts rose 0.1% to $2.98 per MMBtu (million British thermal units) in electronic trading at 1:50 AM EST on August 11, 2017.
US Natural Gas Futures Near 3-Week High: What’s Next?
Natural gas (BOIL) (GASL) futures have risen 7.4% in the last five trading sessions.
US Natural Gas Production Hit a 10-Month High
PointLogic estimates that weekly US dry natural gas production rose 0.1% to 72.8 Bcf (billion cubic feet) per day on July 27–August 2, 2017.
US Natural Gas Inventories Are Slowing
The EIA reported that US natural gas inventories rose by 17 Bcf or 0.6% to 2,990 Bcf on July 14–21. Inventories fell 9.2% from the same period in 2016.
