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Natural Gas Soars After Top US Producer Slashes Output; Oil Prices Dip As OPEC+ Extends Production Curbs
Monday, March 4, 2024 - 10:03am | 651Natural gas prices surged on Monday after EQT Corporation (NYSE:EQT), the largest U.S. producer, announced it was cutting output in response to low prices. U.S. natural gas futures jumped 5.6% to $1.938, while exchange traded funds that track gas prices were also higher. The United States Natural...
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Does Being An Oil Bear Make You A Nat Gas Bull?
Tuesday, October 31, 2017 - 1:32pm | 527WTI crude oil prices are back above $54/bbl for the first time since February, which is good news for many oil investors. But while crude oil prices have surged 15 percent in the past month, natural gas prices have fallen 5.8 percent in that time. Bernstein analyst Jean Ann Salisbury recently...
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How Nat Gas Stocks Could Benefit From The Coldest December Of The Century
Wednesday, December 14, 2016 - 4:09pm | 368The first half of December 2016 has been seasonably cold throughout most of the United States, and the forecast for the second half of the month isn’t looking much better. While the country is cooling down, natural gas stocks are heating up. The United States Natural Gas Fund, LP (NYSE: UNG)...
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Natural Gas Prices Cool Off As Forecasts Call For Mild Winter
Thursday, October 20, 2016 - 7:30am | 333Earlier in October, the price of natural gas recently traded at the highest levels in around 22 months but have since cooled off as some forecasts are calling for a more mild winter. On October 10, the price of natural gas traded at $3.265 per million British thermal units on the NYMEX, marking...
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Natural Gas Prices Continue To Climb Despite Hurricane Matthew Downgrade
Monday, October 10, 2016 - 4:07pm | 494Natural gas prices are on a tear, following up on last week's strong advance. Prices have been higher for five straight sessions and are now at their highest level in about 22 months. The front-month natural gas futures are currently at $3.265 per million British thermal units on the NYMEX. This...
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Hurricanes And Power Outages Unlikely To Stop Rising Natural Gas Prices
Saturday, October 8, 2016 - 5:39pm | 430Johnson Rice analyst John Rowan doesn’t believe Hurricane Matthew will have any lasting impact on natural gas prices, which have been on fire since bottoming back in March. On Friday, Rowan told Benzinga that he’s as bullish as ever on gas prices in the wake of Matthew. Rowan explained...
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Low Natural Gas Prices Are A Headwind For Suburban Propane
Monday, July 11, 2016 - 10:23am | 267Argus’ David Coleman believes Suburban Propane Partners LP (NYSE: SPH) “faces structural headwinds, as propane usage has become less attractive relative to other fuel sources, such as low-cost natural gas.” Coleman maintains a Hold rating on the company. Growth Via Acquisitions...