ETC Natural Gas (18 lettori)
- Creatore Discussione NEO_99
- Data di Inizio
NEO_99
Forumer storico
Natural gas futures rose to a six- week high, capping a second straight monthly gain, on forecasts of cooler-than-normal weather in early November that may spark demand for the heating fuel.
Below-average temperatures are expected along the U.S. East Coast and parts of the Gulf of Mexico coast from Nov. 3 through Nov. 7, according to Commodity Weather Group in Bethesda, Maryland. The high temperature in New York on Nov. 5 may be 51 degrees Fahrenheit (11 Celsius), 6 degrees below normal, according to AccuWeather Inc. in State College, Pennsylvania.
“The six-to-10-day forecast is a little colder, so you’ll start to see more heating demand,” said Phil Flynn, an analyst with PFGBest in Chicago. “The seasonality of the market is starting to kick in a little bit.”
Natural gas for December delivery rose 14.8 cent, or 3.8 percent, to $4.038 per million British thermal units on the New York Mercantile Exchange, the highest settlement price since Sept. 16. The futures gained 4.3 percent this month and have declined 28 percent this year.
About 52 percent of U.S. households use natural gas for heating, according to the Energy Department.
U.S. gas production rose 1.6 percent in August as output from wells in the Gulf of Mexico and Louisiana increased, the Energy Department reported today.
Output increased to 72.38 billion cubic feet a day from a revised 71.27 billion in July, the department’s Energy Information Administration said in a monthly report known as EIA-914. The report covers gross withdrawals, which include supplies that aren’t sold to end users.
Inventory Report
Gas stockpiles rose by 71 billion cubic feet in the week ended Oct. 22 to 3.754 trillion, the Energy Department said yesterday.
The increase surpassed the five-year average gain for the week of 45 billion cubic feet, department data show. A surplus to the five-year average rose to 9.1 percent from 8.4 percent the previous week. A 1.3 percent deficit to year-earlier supplies was erased.
Inventories reached a record 3.837 trillion cubic feet last November.
The Energy Department said yesterday that prices may rise above $4.50 per million Btu in the spot market this winter and stay above that level through 2011.
The Energy Information Administration, the department’s statistical arm, expects gas demand by the end of the year to be 4 percent higher than it was in late 2009, Richard Newell, the agency’s administrator, said in Washington.
Tropical Weather
A cluster of showers and thunderstorms about 225 miles southeast of Barbados has a nearly 100 percent chance of becoming Tropical Storm Tomas within the next 48 hours, the National Hurricane Center said in its tropical weather outlook at 2:40 p.m. New York time. Weather models predicted that the storm would veer east near Hispaniola or Puerto Rico, missing energy production regions of the Gulf of Mexico.
“The storm is pointed toward the Gulf, but it looks as though it will take its time in moving there and will face some areas of significant wind shear along the way,” Tim Evans, an analyst with Citi Futures Perspective in New York, said in a note to clients. “It may be prompting some short covering, but we don’t see it as a reliable source of ongoing fundamental support for natural gas prices.”
Tropical Storm Shary is likely to pass near Bermuda tonight and early tomorrow, the hurricane center said.
Wholesale natural gas at the benchmark Henry Hub in Erath, Louisiana, fell 0.07 cent to $3.3555 per million Btu on the Intercontinental Exchange.
Gas futures volume in electronic trading on the Nymex was 307,665 as of 2:51 p.m., compared with a three-month average of 266,000. Volume was 274,594 yesterday. Open interest was 802,102 contracts, compared with the three-month average of 810,000. The exchange has a one-business-day delay in reporting open interest and full volume data.
Below-average temperatures are expected along the U.S. East Coast and parts of the Gulf of Mexico coast from Nov. 3 through Nov. 7, according to Commodity Weather Group in Bethesda, Maryland. The high temperature in New York on Nov. 5 may be 51 degrees Fahrenheit (11 Celsius), 6 degrees below normal, according to AccuWeather Inc. in State College, Pennsylvania.
“The six-to-10-day forecast is a little colder, so you’ll start to see more heating demand,” said Phil Flynn, an analyst with PFGBest in Chicago. “The seasonality of the market is starting to kick in a little bit.”
Natural gas for December delivery rose 14.8 cent, or 3.8 percent, to $4.038 per million British thermal units on the New York Mercantile Exchange, the highest settlement price since Sept. 16. The futures gained 4.3 percent this month and have declined 28 percent this year.
About 52 percent of U.S. households use natural gas for heating, according to the Energy Department.
U.S. gas production rose 1.6 percent in August as output from wells in the Gulf of Mexico and Louisiana increased, the Energy Department reported today.
Output increased to 72.38 billion cubic feet a day from a revised 71.27 billion in July, the department’s Energy Information Administration said in a monthly report known as EIA-914. The report covers gross withdrawals, which include supplies that aren’t sold to end users.
Inventory Report
Gas stockpiles rose by 71 billion cubic feet in the week ended Oct. 22 to 3.754 trillion, the Energy Department said yesterday.
The increase surpassed the five-year average gain for the week of 45 billion cubic feet, department data show. A surplus to the five-year average rose to 9.1 percent from 8.4 percent the previous week. A 1.3 percent deficit to year-earlier supplies was erased.
Inventories reached a record 3.837 trillion cubic feet last November.
The Energy Department said yesterday that prices may rise above $4.50 per million Btu in the spot market this winter and stay above that level through 2011.
The Energy Information Administration, the department’s statistical arm, expects gas demand by the end of the year to be 4 percent higher than it was in late 2009, Richard Newell, the agency’s administrator, said in Washington.
Tropical Weather
A cluster of showers and thunderstorms about 225 miles southeast of Barbados has a nearly 100 percent chance of becoming Tropical Storm Tomas within the next 48 hours, the National Hurricane Center said in its tropical weather outlook at 2:40 p.m. New York time. Weather models predicted that the storm would veer east near Hispaniola or Puerto Rico, missing energy production regions of the Gulf of Mexico.
“The storm is pointed toward the Gulf, but it looks as though it will take its time in moving there and will face some areas of significant wind shear along the way,” Tim Evans, an analyst with Citi Futures Perspective in New York, said in a note to clients. “It may be prompting some short covering, but we don’t see it as a reliable source of ongoing fundamental support for natural gas prices.”
Tropical Storm Shary is likely to pass near Bermuda tonight and early tomorrow, the hurricane center said.
Wholesale natural gas at the benchmark Henry Hub in Erath, Louisiana, fell 0.07 cent to $3.3555 per million Btu on the Intercontinental Exchange.
Gas futures volume in electronic trading on the Nymex was 307,665 as of 2:51 p.m., compared with a three-month average of 266,000. Volume was 274,594 yesterday. Open interest was 802,102 contracts, compared with the three-month average of 810,000. The exchange has a one-business-day delay in reporting open interest and full volume data.
NEO_99
Forumer storico
Ciao Neo, secondo te il peggio è dietro alle spalle o potremmo rivedere ancora lunghi candelotti rossi?
il peggio sembra alle spalle.. l'articolo appena postato dice che le previsioni meteo danno freddo piu del normale e si aspettano domanda in aumento..
poi le scorte diranno la verita'. mai essere ingordi con il gas, bene avere piu' pacchetti di quote e cederne quando ha forti balzi.. cmq finche nn arriva il freddo serio è molto probabile vedere delle escursioni, ma su ritracciamenti sarei compratore per sfruttare l'inverno.
MOLTA ATTENZIONE SU WHEAT !
NEO_99
Forumer storico
Un saluto a tutti i gassati.
Ve l'avevo detto che partiva l'annuale... col future come sta stasera, domani si torna in parie da l' in poi è tutto bunga bunga!
HAI UN PMC DA FAVOLA ALLORA
NEO_99
Forumer storico
de nada..
