Storage

Storage

ARTICLES

Eastern Heat Wave Lifts New England, Mid-Atlantic Quotes; NatGas Futures Flounder

At first glance it might look like physical gas trading for Thursday delivery was a quiet affair as the NGI National Spot Gas Average slipped 2 cents to $3.00. That average, however, was comprised of large weather driven gains sending Northeast quotes up by double digits and broader losses of about a nickel strewn across Louisiana, Texas, the Southeast, and California. Read More

Potential Rover Delay, Thin Storage Build Boosted NatGas Forwards Last Week

It may be shoulder season, but word of a federally-ordered halt to construction on a portion of a major natural gas pipeline expected to be in partial service this summer was enough to send natural gas forwards markets into a frenzy last week. A bullish miss on the week’s storage report elevated markets even more firmly into the black, with both June and July forward prices averaging 11 cents higher between May 5 and 11, according to NGI Forward Look. Read More

NatGas Cash Steady, But Futures Keep Marching Higher; June Adds A Nickel

Physical natural gas for weekend and Monday delivery moved little in Friday's trading as temperature outlooks across major markets were benign and traders saw little incentive to commit to three-day deals. Strength in Louisiana and the Southeast was able to offset weaker pricing in California and the Northeast, and the NGI National Spot Gas Average rose two cents to $3.06. Read More