ETC Natural Gas (8 lettori)

NEO_99

Forumer storico
SAN FRANCISCO (MarketWatch) -- Crude-oil futures closed lower Friday as China's move to increase its reserve requirements for banks roiled markets. Crude for December delivery, which expired at the end of trading, ended 34 cents lower at $81.51 a barrel. The most-active January contract settled 44 cents lower at $81.98 a barrel. Expectations of colder weather lifted natural-gas futures to a 3.9% gain; the December contract settled at $4.16 per million British thermal units, the highest for natural gas since Nov. 9.
 

NEO_99

Forumer storico
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NEO_99

Forumer storico
Gas drilling rig count slips, fourth time in six weeks
* Horizontal rig count drops for second straight week (Adds price reaction, details, background) NEW YORK, Nov 19 (Reuters) - The number of rigs drillingfor natural gas in the United States slid by 19 this week to936, according to a report on Friday by oil services firm BakerHughes in Houston. The gas-directed rig count, which has fallen four times inthe last six weeks, hit 992 in mid-August, its highest levelsince February 2009 when there were 1,018 rigs drilling forgas. Horizontal rigs -- the type most often used to extract oilor gas from shale -- dropped by eight to 932, the secondstraight weekly decline after hitting a record high of 943 onNov. 5. Analysts estimate that two-thirds of horizontal rigs aredrilling for natural gas, and these comprise part of theoverall rig count. The rest are drilling for oil. Graphic: link.reuters.com/sup34k Front-month U.S. natural gas futures NGc1, which were upabout 13.5 cents in the $4.43 per mmBtu area just before thedata were released at 1 p.m. EST (1800 GMT), hit an intradayhigh of $4.17 after the report. Despite relatively low gas prices this year, gas drillingactivity has been slow to react, but recent declines,particularly in the horizontal count may signal a shift awayfrom gas to more profitable oil-related projects. Some firms have said they will shift spending away from gasdue to relatively low prices, but most analysts expect nomeaningful slowdown in gas production until the second half of2011, at the earliest. They said some producers may continue drilling for gas tomeet lease obligations, while others may be protected byprofitable hedges and can still produce and sell gas at priceswell above current levels. The gas-drilling rig count is still up 271 since bottomingat 665 on July 17, 2009, its lowest since the 640 posted on May3, 2002. While the gas rig count is 42 percent off its record peakof 1,606 from September 2008, it stands 210 rigs, or 29percent, above the same week last year. Rising output from shale gas has been the primary driver ofincreased gas production in the last few years, and mosttraders agree it will be difficult to tighten the gas marketunless drilling slows sharply. Some analysts estimate the gas rig count will have to fallwell below 850 to tighten the overall market. Recent estimates by the U.S. Energy InformationAdministration put U.S. gas output this year at more than 22trillion cubic feet, its highest since 1973, but next year theEIA sees output dropping 1.2 percent. With gas inventories heading into winter at record highsand production likely to remain strong into 2011, many tradersexpect gas prices to remain cheap relative to oil, at leastuntil an improving economy boosts industrial demand, whichaccounts for nearly 30 percent of U.S. gas consumption.
 

kleinklepura

Forumer storico
caspita Neo...mossa prudente..ma secondo me il week ti farà pentire di questa vendita..in tutti i casi i tuoi "ordini pazzi"sul lev ti faranno sorridere parecchio..auguro a tutti un buon week :)
riguardo xbear ,li ho presi con indice ftse mib a 21550,sciolta ieri l'ultima tranche ,con la media sul ftse a 20760 ,ora attendo segnali ,in caso sp500 non riprenda quota 1200 in chiusura weekly ,l'interpreterei come un segnale short!
 

NEO_99

Forumer storico
Natural gas climbed in New York, heading for the first weekly increase this month, on forecasts of below-normal temperatures that may spark greater demand for the heating fuel.
Gas advanced as colder-than-normal weather may blanket most of the eastern U.S. from Nov. 24 through Nov. 28, according to Commodity Weather Group in Bethesda, Maryland. Temperatures in parts of the Midwest may be as much as 8 degrees Fahrenheit below normal, the company said.
“It looks pretty inevitable that the market has gains in front of it,” said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut.
Natural gas for December delivery rose 9.1 cents, or 2.3 percent, to $4.098 per million British thermal units at 12:23 p.m. on the New York Mercantile Exchange. The contract, down 26 percent this year, has gained 7.9 percent this week.
“Once we get our first real signs of heating demand, the market will probably reach $4.50 or $4.75,” McGillian said.
Temperatures may be below normal on the East Coast and parts of the Southeast and Great Lakes region from Nov. 29 through Dec. 3, Commodity Weather Group said.
The high temperature in Chicago on Nov. 25 may be 31 degrees Fahrenheit (minus 1 Celsius), 12 degrees below normal, according to AccuWeather Inc. in State College, Pennsylvania.
“A surge of record warmth will make it into the Ohio Valley Sunday into Monday, but the cold coming is going to be the most extreme shot to end the month of November in many a year,” said Joe Bastardi, a senior meteorologist at AccuWeather Inc., in a note to clients.
Fuel Use
Heating demand in the U.S. may average 20 percent above normal from Nov. 25 through Nov. 29, according to David Salmon, a meteorologist with Weather Derivatives in Belton, Missouri.
About 52 percent of U.S. households use natural gas for heating, Energy Department data show.
Gas inventories may total 1.776 trillion cubic feet at the end of the winter heating season in March, up about 114 billion cubic feet from a year earlier, the Energy Department estimated on Nov. 9 in the monthly Short-Term Energy Outlook.
Gas inventories gained 3 billion cubic feet in the week ended Nov. 12 to 3.843 trillion cubic feet, the Energy Department said in a report yesterday. The increase left stockpiles 9.3 percent above the five-year average level for that week and 0.3 percent above last year’s level, signaling ample supplies for the winter, when use of the fuel peaks.
“Cold temperatures would need to linger for some time to work off the current storage overhang,” wrote James R. Crandell, an analyst with Barclays Capital in New York, in a note to clients today.
 

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