GAS PRICES UP TO $2.990/MMBTU
PLATTS - NYMEX February natural gas futures extended gains overnight in the US leading up to Tuesday's open, on the back of current and midrange weather support. At 7:20 am ET (1220 GMT) the contract was gripping the upside at $2.990/MMBtu, up 3.7 cents on the session.
Frigid weather with temperatures "rivaling that of the past 100 years" will linger across the northeastern and central US to start January, AccuWeather senior meteorologist Alex Sosnowski said in a January 1 forecast. AccuWeather RealFeel temperatures are expected to be below zero over much of the Northeast and well below zero in most of the Midwest.
Further out, the six-to-10-day and eight-to-14-day projections from the National Weather Service show below-average temperatures engulfing portions of the Northwest and a majority of the country's eastern two-thirds, which should keep demand for heating in the residential and commercial sectors and consequently natural gas consumption levels elevated in the weeks ahead.
"Energy demands will skyrocket. Household heating budgets may take a huge hit," Sosnowski added.
Withdrawals from underground natural gas storage facilities are expected to climb into the 200-Bcf range over the next three or four weeks as the cold weather supports rising demand.
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FRB - Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. After having climbed 1.5 percent in February, manufacturing production edged up 0.1 percent in March. Mining output rose 1.0 percent, mostly as a result of gains in oil and gas extraction and in support activities for mining. The index for utilities jumped 3.0 percent after being suppressed in February by warmer-than-normal temperatures. At 107.2 percent of its 2012 average, total industrial production was 4.3 percent higher in March than it was a year earlier. Capacity utilization for the industrial sector moved up 0.3 percentage point in March to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972–2017) average.
AOG - Kuwait plans to invest $113bn over the next five years to enhance oil exploration and production activities both inside and outside the country
МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 марта по 14 апреля 2018 года составила $ 65,80125 за баррель, или $ 480,3 за тонну.
REUTERS - Oil prices slipped with Brent crude futures LCOc1 off 66 cents at $71.92 a barrel, while U.S. crude CLc1 fell 56 cents to $66.83 a barrel.