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Natural gas rallied too early when the price of nearby futures hit a high at $2.71 in mid-September. With two months to go until the end of the injection and start of the withdrawal season, the price reached a peak when the energy commodity was still flowing into storage across the US. The p...
Perhaps the most interesting story in regards to the shale industry this year has been the steady decline in operating rigs we have seen since the beginning of this year, and the continued growth in shale oil and gas production despite it. The number of rigs operating in the US started declini...
This report covers the week ending November 8, 2019. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 710 bcf for the week ending November 8 (up 7.4% w-o-w (week over week) and up 10.8% y-o-y (year over year)). The devia...
Cold weather is finally arriving across the US that can actually have an impact on natural gas prices. The updated forecasts for early to mid-November came out on Friday and they are calling for much colder weather than expected. While temperatures are currently cold across much of the Midwest...
The Weather Last week Last week (ending November 1), the number of heating degree days (HDDs) surged by no less than 65.0% w-o-w (from 61 to 102), as weather conditions cooled down significantly across the Lower-48 states. Cooling demand has dropped by about 48.0% and remains too weak to...
Clean Energy Fuels Corp. ( CLNE ) will report its third-quarter earnings on November 12. The market's consensus is expecting a two cents per share loss for the quarter. The company provides natural gas as an alternative fuel for vehicle fleets in the US and Canada. CLNE supplies renewable, c...
Natural gas prices ( UNG +4% ) soar to their highest since March , as forecasts call for cooler than expected temperatures across the U.S. in the coming days and weeks. More news on: The United States Natural Gas ETF, LP, Gulfport Energy Corporation, Range Resources Corporation, Energy ...
The natural gas market is now coming to the end of the 2019 injection season. Over the coming weeks, the weather conditions across the United States will change, winter will arrive, and the demand for heating will rise. Natural gas is a primary source of energy in the United States. Massive ...
This report covers the week ending November 1, 2019. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 665 bcf for the week ending November 1 (up 10.5% w-o-w (week over week) and up 13.0% y-o-y (year over year)). The devi...
Natural gas prices ( UNG -2.1% ) settled -2.2% to $2.633/MMBtu after U.S. stockpiles rose by a greater than expected 89B cf last week. More news on: The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, VelocityShares 3x Inverse Natural Gas ETN, Energy stocks...