Storage

Sharp Swings Continue for Natural Gas Futures as Weather Models Shift; Spot Gas Rises

Even with warmer risks in the latest weather models, cold shots that could continue well into November led to a more than 10-cent swing in prompt-month natural gas prices on Tuesday. The Nymex November gas futures contract eventually settled at $3.212, up 7.4 cents on the day. December was up 6.9 cents to $3.283, and the winter strip (November-March) climbed 5.5 cents to $3.228. Read More

November Natural Gas Plunges 12 Cents as Cold Seen Breaking Down; Spot Gas Crashes

A pullback in heating degree days for the end of October/early November laid the groundwork for a dramatic sell-off in natural gas futures Thursday that was further pressured by Lower 48 gas production returning to near record highs in recent days. With no surprises on the storage data front, the Nymex November gas contract went on to settle at $3.198, down 12.2 cents. Read More

Cold Snaps Could Trigger Winter Pipeline Constraints in New England, Los Angeles, FERC Says

Forecasters are expecting a warmer-than-average winter this year, but prolonged periods of cold temperatures could still trigger regional pipeline constraints in New York City, Boston and Los Angeles and increase the risk of price volatility, according to the 2018-2019 Winter Energy Market Assessment released Thursday by FERC's Office of Enforcement. Read More

Firefighters Sue SoCalGas Over Aliso Methane Leak

A group of Los Angeles city firefighters on Tuesday filed a lawsuit against Southern California Gas Co. (SoCalGas), alleging they were potentially exposed to hazardous toxins during a massive methane leak three years ago at the Aliso Canyon underground natural gas storage facility. Read More