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13 stories mentioning NGN6

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Sectors

Natural Gas Falls on Mild Long-Term Forecasts

Natural gas prices fell for a second session early Monday as long-term forecasts expect cooler than seasonal weather is on the way for big eastern markets.Gas for July delivery was last seen down $0.05 to US$3.07 per million British thermal units.The drop comes as long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to see cooler than seasonal temperatures over its six to 10 day forecasts, cutting into cooling demand."Bearish weather for the next two weeks have trimmed back power sector demand projections from where they were last week. Some models are showing daily power demands for gas falling by nearly 20% compared to Friday," Gary Cunningham, Director of Market Research at Tradition Energy wrote.Supply remains robust. In its weekly survey, the Energy Information Administration last week reported stocks of fuel rose by 108-billion cubic feet, leaving inventories at 2.69-trillion cubic feet, 6% above the five-year average.

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Sectors

Natural Gas Moves Higher Despite Mild Forecasts for Big Markets

Natural gas price rose early on Friday despite mild forecasts for the big markets on the Northeast and Upper Midwest and a day-prior report showing a larger than expected rise in inventories of the fuel.Gas for July delivery was last seen up US$0.03 to US$3.11 per million British thermal units.The rise comes even as long-term forecasts from the National Weather Service expect temperatures in the Northeast and Upper Midwest to be cooler than seasonal over its six to 10 day outlook, easing demand for air conditioning.In its weekly survey of stocks of the fuel, the Energy Information Administration on Thursday said inventories last week rose by 108-billion cubic feet of the fuel, above the consensus estimate for a rise of 100-bcf, according to NatGasWeather. The rise left inventories at 2.69-trillion cubic feet, 6% above the five-year average.

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Sectors

Natural Gas Falls Ahead of Storage Data on Mild Long-Term Forecasts

Natural gas prices fall early on Thursday ahead of fresh storage data as long-term forecasts expect mild weather for most states.Gas for July delivery was last seen down US$0.05 to US$3.13 per million British thermal units.The drop comes as the National Weather Service's six to 10 day forecast expects nearly all states east of the Rocky Mountains to see seasonal or cooler temperatures over period, keeping cooling demand light.The Energy Information Administration will release its weekly look at inventories of the fuel later on Thursday morning, with another sizable rise in stocks expected."For today's EIA weekly storage report, survey averages are tightly clustered at +99-101 Bcf, slightly larger than the 5-year average of +95 Bcf. For the sample week, it was hotter than normal across much of the western and central US, while cooler than normal across the East. We expect a fat build of +103 Bcf, aided by strong solar generation," NatGasWeather wrote.

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Equities

Natural Gas Rises Despite Cool Long-Term Forecasts

Natural gas traded higher early on Wednesday rising after three days of losses even as long-term forecasts expect mild weather on the way for most states, easing cooling demand.Gas for July delivery was last seen up US$0.09 to US$3.23 per million British thermal units.The rise comes even as long-term forecasts from the National Weather Service expect most states to see seasonal or cooler temperatures over the next six to 14 days, easing the call on power for air conditioning.Supply remains robust, with the Energy Information Administration last week reporting stocks of the fuel stocks of the fuel ended the prior week at 2.58-trillion cubic feet, 5.7% above the five-year average.

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Sectors

Natural Gas Trading Higher Despite Cool Long-Term Forecasts

Natural gas futures rose early on Tuesday even as long-term forecasts cool.Gas for July delivery was last seen up US$0.03 to US$3.18 per million British thermal units.The rise comes even as the National Weather Service's six to 10 day forecast sees most states east of the Rocky Mountains to see cooler than seasonal temperatures over the period, cutting into cooling demand.Supply remains robust, with the Energy Information Administration last week reporting stocks of the fuel stocks of the fuel ended the prior week at 2.58-trillion cubic feet, 5.7% above the five-year average.

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Sectors

Natural Gas Prices Fall Again on Mild Long-Term Forecasts

Natural gas traded lower for a second day early on Monday as mild long-term forecasts look to cut into cooling demand.Gas for July delivery was last seen down US$0.10 to US$3.13 per million British thermal units.The drop comes as the National Weather Service's eight to 14 day forecast expects most states between the Rocky Mountains and the Mississippi River to see cooler than seasonal temperatures over the period, lowering demand for air conditioning.Supply remains robust, with the Energy Information Administration last week reporting stocks of the fuel stocks of the fuel ended the prior week at 2.58-trillion cubic feet, 5.7% above the five-year average.

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Sectors

Natural Gas Falls Off a Four-Month Higher Despite Hot Long-Term Forecasts

Natural gas fell off a four-month high early on Friday, even as long-term forecasts expect hot weather on the way for most states, boosting cooling demand.Gas for July delivery was last seen down US$0.03 to US$3.31 per million British thermal units, after rising to the highest since Feb.6 a day earlier.Long-term forecasts from the National Weather Service expect nearly all states to see hotter than seasonal temperatures in its eight to 14 day forecast, raising the call on gas-fired power for air conditioning.Still, inventories of the fuel remain robust. In its weekly survey released on Thursday, the Energy Information Administration reported gas stocks rose by 95-billion cubic feet last week to 2.58-trillion cubic feet, 5.7% above the five-year average.

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Sectors

Natural Gas Trading at a Four-Month High as Forecasts See Hot Weather on the Way

Natural gas traded at a four-month high early Thursday ahead of fresh storage data as forecasts see hot weather on the way, boosting cooling demand.Gas for July delivery was last seen up $0.10 to US$3.31 per million British thermal units, the highest since Feb.6.The rise comes as long-term forecasts from the National Weather Service expect all states to see hotter than seasonal weather over its eight to 14 day outlook."Natural gas markets are finding renewed strength in weather outlooks that have above normal temperatures for most of the contiguous 48 extending over the next several weeks. Those temperatures are expected to add to power sector gas demands and firm up the fundamentals for the remainder of summer. The first test could come tomorrow and into the weekend where the northeast will see the mercury climb through 90 again," Gary Cunningham, Director Market Research at Tradition Energy, wrote.The Energy Information Administration will release its weekly survey of inventories of the fuel later on Thursday morning, with Celsius Energy expecting the agency to report stocks rose by 102-billion cubic feet, near the five-year average for the week.

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Sectors

Natural Gas Edges Down Even as Forecasts See Hot Weather on the Way

Natural gas edged lower early Wednesday, dropping for a third-straight day even as forecasts expect most states to see hotter than normal temperatures, boosting cooling demand.Gas for July delivery was last seen down $0.01 to US$3.16 per million British thermal units.The drop comes despite long-term forecasts from the National Weather Service that expect all states to see seasonal or hotter weather over its six to 10 day outlook, with hotter than usual temperatures in the big markets of the Upper Midwest and Northeast.The hot weather is likely to boost the call on gas-powered generation for air conditioning, though inventories of the fuel remain robust. In its weekly survey, the Energy Information Administration last week said stocks of the fuel stood at 2.48-trillion cubic feet, 6.2% higher than the five-year average.

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Sectors

Natural Gas Prices Fall Again Even as Forecasts See Hot Weather Coming for Most States

Natural gas prices weakened for a second day on Tuesday even as forecasts see hot weather on the way for most states, boosting cooling demand.Gas for July delivery was last seen down US$0.06 to US$3.12 per million British thermal units, continuing to ease off the four-month highs touched last week.The drop comes even as long-term forecasts from the National Weather Service expect nearly all states to be warmer than seasonal over its six to 14 day outlook, raising demand for gas-fired power for air conditioning.Still, the price of the fuel looks to be now trading within technical ranges following last week's rally."There is fundamental support for Jul/Aug gas at about $3.15 so look for the market to remain in the $3.10 to $3.20 range with some upside risk should we see more heat develop for the second half of June," Gary Cunningham, Director of Market Research at Tradition Energy, wrote.

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Sectors

Natural Gas Falls Off a Four-Month High Even as Hot Forecasts Offer a Demand Boost

Natural gas prices fell off a four-month high early Monday as long-term forecasts see hot weather on the way, but supply is robust.Gas for July delivery was last seen down $0.07 to US$3.22 per million British thermal units, after rising to the highest since Feb.5 on Friday.The drop comes as long-term forecasts from the National Weather Service expect all states to see hotter than seasonal temperatures over its eight to 14 day forecast, offering a boost to cooling demand.However supply remains robust, with the Energy Information Administration last week reporting stocks of the fuel stood at 2.48-trillion cubic feet, 6.2% above the five-year average.

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Sectors

Natural Gas Rises to a Near Four-Month High on as Forecasts See Hot Weather on the Way

Natural gas rose for a third-straight session early Friday, rising to a near four-month high as warming long-term forecasts look to boost cooling demand for the fuel.Gas for July delivery was last seen up $0.09 to US$3.38 per million British thermal units, the highest since early Feb.6.The rise comes as long-term forecasts from the National Weather Service expect most states to have warmer than seasonal temperatures over its six to 14 day forecast, though the Southeast states will see seasonal temperatures over the period.In its weekly survey, the Energy Information Administration on Thursday said stocks of the fuel rose by 92-billion cubic feet, within expectations, leaving inventories at 2.48-trillion cubic feet, 6.2% above the five-year average.

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Sectors

Natural Gas Rises Ahead of Storage Data Despite Mild Long-Term Forecasts

Natural gas was higher early Thursday ahead of fresh storage data despite mild forecasts for big eastern markets.In its first day as the active contract, gas for July delivery was up $0.15 to US$3.04 per million British thermal units.The rise comes even as long-term forecasts from the National Weather Service expect eastern markets to be seasonal or cooler over its six to 10 day outlook, cutting into cooling demand."Weather remains a risk with the northeast, which suffered a heat wave just a week ago, now looking like some late season overnight heating demand could actually be in the cards. Southern US power demands have been muted over the past few days but should increase before the end of the week," Gary Cunningham, Director of Market Research at Tradition Energy, wrote.The Energy Information Administration will release its weekly look at U.S. inventories of the fuel, with a lighter than usual rise expected."For today's EIA weekly storage report, survey averages suggest a build of +93-95 Bcf, slightly smaller than the 5-year average of +97 Bcf. There was record breaking heat over the East last week, while it was cooler than normal across the Northwest, Mtn West, and Plains. We expect a build of +87 Bcf and to the bullish side due to lighter solar generation and East Coast heat," NatGasWeather noted.

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