Natural Gas Gained On Forecasts For Cold Weather, With Heating Demand

Natural gas trading range for the day is 226.5-248.9.

Natural gas gained on forecasts for cold weather, with heating demand set to rise quicker than previously expected.

Storage grew less than expected according to the Energy Information Administration as reflected by their last estimates of injections into stockpiles.

Projected demand in the lower 48 states would rise to 86.4 billion cubic feet per day next week, up from an expected 85.6 bcfd.

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CPO Trading Range For The Day Is 565.5-575.3

CPO trading range for the day is 565.5-575.3.

Crude palm oil gained on short covering after prices dropped due to weaker international prices and higher imports.

Palm oil production forecast to rise in the last quarter of the year in line with the seasonal trend.

Output of palm oil from Indonesia, rose in September buoyed by peak harvest season, while demand from top buyers boosted exports.

Crude palm oil prices in spot market dropped by 5.40 rupees and settled at 570.30 rupees.

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Natural Gas Trading Range For The Day Is 225.2-243.4

Natural gas trading range for the day is 225.2-243.4.

Natural gas jumped on concerns the weather will remain colder than normal through the start of November.

Prices also seen supported as last week's storage injection will add to the already large inventory deficit.

The market is uncertain whether to rise because inventories are well below normal for this time of year or fall because production is at a record high.

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Natural Gas Prices Pared Its Gains On Profit Booking As Hurricane Michael

Natural gas trading range for the day is 237.4-252.6.

Natural gas prices pared its gains on profit booking as Hurricane Michael slammed into the western coast of Florida.

There should be very little disruption to production of natural gas in the Gulf of Mexico.

The weather according to a forecast from the National Oceanic Atmospheric Administration is expected to be colder than normal over the next 2-weeks.


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Natural Gas Prices Gained As Colder Than Expected Weather Is Expected To Cover Most

Natural Gas trading range for the day is 205.1-219.3.

Natural gas prices gained as colder than expected weather is expected to cover most of the United States over the next 8-14 days.

The Energy Information Administration said utilities added a bigger-than-normal 86 billion cubic feet of gas into storage during that week.

The increase for the week ended Sept. 14 boosted stockpiles to 2.722 tcf, leaving inventories 17.7 percent below the five-year average.

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Natural Gas Dropped On Forecasts For Demand To Drop In A Couple Of Weeks

Natural gas trading range for the day is 196.8-204.2.

Natural gas dropped on forecasts for demand to drop in a couple of weeks due to seasonally cooler weather.

Production in the Lower 48 U.S. states, meanwhile, averaged a record high 83.4 bcfd over the past 30 days.

U.S. dry natural gas production should rise to an all-time high of 80.96 billion cubic feet per day in 2018 from 73.55 bcfd in 2017, according to EIA report.

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Natural Gas Edged Higher Despite Forecasts For Steady Weather And Demand Over

Natural Gas trading range for the day is 201.6-208. 

Natural gas edged higher despite forecasts for steady weather and demand over the next two weeks.

While Hurricane Florence is getting all the headwinds, there is a cyclone forming in the gulf that could put infrastructure at risk. 

Demand for gasoline will increase as consumers quickly scramble to get gasoline to escape the storms path.

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Natural Ended With Losses As Latest Weather Forecasts Were For Less Warm Weather

Natural Gas trading range for the day is 198.3-203.1.

Natural ended with losses as latest weather forecasts were for less warm weather and lower cooling demand next week.

Natural gas prices remain depressed due to too much production, even though inventory levels are below both last year’s total and the five-year average.

The U.S. Energy Information Administration reported Thursday that U.S. natural gas stockpiles increased by 63 billion cubic feet for the week ending August 31.

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Natural Gas Fell On Expectations Demand Will Decline After Tropical Storm Gord

Natural gas trading range for the day is 199.6-207.6.

Natural gas fell on expectations demand will decline after Tropical Storm Gordon hits the Gulf Coast, causing power outages and cooler weather.

Several oil and gas rigs have pulled their employees off their platforms which will likely reduce production.

The weather is expected to be warmer than normal throughout the United States for the next 8-14 days which should increase cooling demand.

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