Natural Gas futures extend gains

Natural gas futures rise as participants look beyond an expected bearish storage report to prospects of demand picking up. Natural gas rises 3.9% to $2.668/mmBtu, the highest settlement since the start of December.

“We are seeing bulls push the market on weather outlooks shifting cooler for the middle of January,” says Gary Cunningham, director of market research at Tradition Energy. “The storms moving into the eastern markets this weekend could provide a good boost to gas demand and will be a test of PJM power markets as well,” he adds.

PJM coordinates electricity in large parts of the northeastern U.S.On Thursday, the EIA is expected to report a small 44-Bcf draw on storage for the week ended Dec. 29.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Touchstone Exploration

More articles like this

Touchstone Exploration

Touchstone acquires Trinity Exploration in $30.1m all-stock deal

Touchstone Exploration has agreed to acquire Trinity Exploration and Production, a crude oil exploration, development and production company operating in Trinidad and Tobago, in an all-stock deal worth around $30.1m. Trinity Exploration and Production holds producing

Touchstone Exploration

Touchstone Exploration increases funding facility

Touchstone Exploration Inc (LON:TXP) has announced that, further to the announcement on March 4, 2024, Touchstone Exploration (Trinidad) Ltd., our wholly owned Trinidadian subsidiary, has entered into the third amended and restated loan agreement with our Trinidad

Touchstone Exploration

Touchstone adds wells into Ortoire and CO-1 blocks

Touchstone Exploration Inc. has drilled wells into Ortoire and CO-1 blocks onshore Trinidad and Tobago and expects to test wells in Cascadura field later in the year. Cascadura-3ST1 delineation well was spudded on Mar. 4, 2024,

Touchstone Exploration

Natural Gas price surges on supply decline forecast

Natural Gas (XNG/USD) price soars higher on Tuesday after a stellar performance on Monday, trading up nearly 3% for the week. The move comes as Bloomberg forecasts a decline in Gas supply by 4% in the coming weeks

Touchstone Exploration

Natural Gas futures gain on cold weather forecast

Natural gas futures pulled back from early highs, still ending the week’s opening session with a gain as near-term cold weather that could prevent surpluses in natural gas inventories from widening further offered some support. U.S.