• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 16 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Is Europe heading for winter of discontent with extensive gas shortages?
  • 16 hours "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 7 days Wind droughts
  • 24 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 24 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 4 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 3 days Xi Is Set To Be Re-Elected As China’s Leader
  • 8 days Oil Prices Fall After Fed Raises Rates
  • 10 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 13 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
Jim Hyerczyk

Jim Hyerczyk

Fundamental and technical analyst with 30 years experience.

More Info

Cold Unlikely To Linger But Low Oil Prices Might

Natural Gas Outlook

The extremely cold weather which blanketed the U.S. made natural gas one hot market. At one time this week, all 48 of the lower states had at least one area below freezing. Unlike last year, it looks like the current cold weather system will not become a lingering event. This is likely to trigger a fresh round of profit-taking, leading to increased volatility.

This week, after early weakness, March Natural Gas futures soared to a new one-week high. One of the catalysts for the rally was the cold weather system blanketing most of the U.S., the other came later in the week when the Energy Information Administration reported that gas stockpiles fell 17 billion cubic feet in the week-ended November 14 to 3.594. This number topped the five-year average decline of 10 billion for the period. Most traders and energy analysts were looking for a drop of about 11 billion.

The EIA also reported the deficit to five-year average inventory levels widened to 6.4 percent from 6.2 percent the previous week. This was its first expansion since March. Supplies were also 5.3 percent below year-earlier estimates. Last week’s number was 5.7 percent. This drop in supply reflected the greater demand caused by the cold weather.

Traders are already estimating that next week’s report is likely to show that supply declined by 150 billion cubic feet. If you recall, the futures market anticipates events so it is possible that this draw down may have…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News