Tasseography is a fancy word for fortune-telling by reading tea leaves. Humans often search for patterns in hopes of predicting the future just as we do with financial markets. While serious investors...
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The past 12 months have been a wild ride for natural gas producers. Going into last winter, storage was near the 5-year average. And while prices were not great, they were at least near most producer’...
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The US Energy Information Administration (EIA) and many in the energy industry were predicting a significant decrease in natural gas production through the rest of this year and into the first quarter...
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Last month, we reported that while short-term crude prices were near 20-year lows, natural gas futures prices for the year 2021 were reaching 24-month highs. The rally in natural gas prices in 2021 wa...
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The market price for oil has been consistently bearish since global oil demand destruction conversations began in early March. On Monday, April 20th, that outlook manifested itself into a day that oil...
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On Sunday, March 8th, the NYMEX natural gas market opened at approximately $1.67/MMBtu. By the early morning hours of Marh 9th, it dropped down to almost $1.60 and ended the day up about 9¢, at $1.78/...
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Last week, Williams Company and its partners announced that they have cancelled plans for the construction of the Constitution Pipeline. This new 124-mile natural gas pipeline, shown in Figure 1, woul...
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It is hard to believe that natural gas traders and analysts remain bearish given current prices. But the amount of gas being produced is outpacing demand and continues to place downward pressure on pr...
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Natural Gas basis prices for the winter of 2019/2020 have decreased by 28% since the middle of October. Figure 1 shows how the basis price for this winter started to rally in August, reaching its peak...
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