Alex Steis

The Bidweek price landscape was able to continue the improvements seen in April Bidweek, and all but a handful of points recorded gains for May. Neither month appeared to be living up to its billing as a fall-off shoulder month. TheNGI National Bidweek Average for May rose a healthy 14 cents from April to $1.82, with Rocky Mountain and California points well into double-digit gains.

The Bidweek price landscape was able to continue the improvements seen in April Bidweek, and all but a handful of points recorded gains for May. Neither month appeared to be living up to its billing as a fall-off shoulder month. TheNGI National Bidweek Average for May rose a healthy 14 cents from April to $1.82, with Rocky Mountain and California points well into double-digit gains.

With no real weather to speak of, natural gas cash market values on Friday for gas to be delivered Sunday and Monday slid. That was excluding many Northeast prices, which rebounded from a couple of consecutive down days, perhaps on news that part of a Texas Eastern (Tetco) mainline in Pennsylvania exploded Friday morning.

With no real weather to speak of, natural gas cash market values on Friday for gas to be delivered Sunday and Monday slid. That was excluding many Northeast prices, which rebounded from a couple of consecutive down days, perhaps on news that part of a Texas Eastern (Tetco) mainline in Pennsylvania exploded Friday morning.

Natural gas traded April 25-28 for gas flow Tuesday through Saturday was mostly a game of small gains during shoulder season trading, however, trading could heat up in the new week following news Friday of a massive explosion and fire on a portion of Spectra Energy Corp.’s Texas Eastern (Tetco) pipeline in Westmoreland County, PA, about 30 miles east of Pittsburgh.

Natural gas traded April 25-28 for gas flow Tuesday through Saturday was mostly a game of small gains during shoulder season trading, however, trading could heat up in the new week following news Friday of a massive explosion and fire on a portion of Spectra Energy Corp.’s Texas Eastern (Tetco) pipeline in Westmoreland County, PA, about 30 miles east of Pittsburgh.

Boosted by record volume done on its exchanges, CME Group Inc., which recently announced plans to shutter its New York trading floor, reported record revenue of $934 million and record operating income of $574 million for the first quarter of 2016.

Boosted by record volume done on its exchanges, CME Group Inc., which recently announced plans to shutter its New York trading floor, reported record revenue of $934 million and record operating income of $574 million for the first quarter of 2016.

With the news that a bit more natural gas than had been expected was injected into storage for the week ending April 22, traders pushed June futures lower on Thursday morning, perhaps in an effort to align the newly minted prompt month with where the May contract terminated on Wednesday. For a second consecutive day, cash prices were a mixed bag and relatively quiet as traders are likely already focused on next-month deals.