• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days The United States produced more crude oil than any nation, at any time.
  • 9 days e-truck insanity
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 8 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 7 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 9 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 12 days Bankruptcy in the Industry

Breaking News:

Traders Bet on $100 Oil at Record Pace

Natural Gas Prices Plunge 10% On Extremely Bearish Weather Forecast

Natural gas futures are down more than 10% on Monday morning following new weather models that suggest warmer weather is ahead.

Meteorologists at BAMWX show one model that suggests temperature anomalies for much of the country could be well above average for early January. 

For the next two weeks, heating degree days for US-Lower 48 will be below trend, suggesting warmer temperatures and a decline in energy use to heat homes.

"I suspect, however, the forecast for January came out extremely bearish over the weekend, triggering the gap opening, but we'll learn more about that on Monday. The big takeaway this week is likely to be that next week's government report is going to show an average draw. Remember that professionals look at least two weeks ahead," said FX Empire.

By Zerohedge.com 

ADVERTISEMENT

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • George Doolittle on December 28 2020 said:
    Imagine if stock prices had done this today.
    Anyhow propane margins still remain spectacular as do diesel fuel and even gasoline going into the ahem...

    "build Season"
    ahem.

Leave a comment

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