Price-wise it was a solid week for natural gas as all regions of the country posted double-digit gains with the exception of the infrastructure-challenged Northeast. Only a handful of points slid into the loss column. Nationally, prices averaged a 13 cent gain to $3.74, while regionally the Rocky Mountains outdid everyone with a 21 cent gain to $3.74. The Northeast lagged the pack with a modest 4 cent advance. Of individual points, Northwest Sumas posted the greatest move rising 25 cents to $3.83 and Tennessee Zone 4 Marcellus had the largest loss of 49 cents to $1.47.
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Articles from Bill Burson
West Coast Cash Plunges; Futures Sans Storage Report A Non-Event
Natural gas prices for Friday physical delivery on average fell 9 cents in Thursday’s trading. It was a tale of two coasts as West Coast points suffered hefty double-digit losses within a weak power environment and a nominal weather outlook. East Coast locations were mixed with prices a few pennies on either side of unchanged.
October 17, 2013
Cash Heads North, Futures South; Traders Mull EIA-Less Thursday
Physical gas for Thursday delivery gained overall on average 3 cents in Wednesday’s trading. Gains were widespread, with Gulf points solidly in the black, although Midcontinent constraints prompted lower prices at some Midcontinent pipelines. Major market hubs for the most part were within a few cents of unchanged.
October 16, 2013
Midwest, California Strong; Futures Back Off Four-Month High
Natural gas prices on Tuesday added 6 cents on average for Wednesday deliveries as gains were widespread with only a handful of points slipping into the loss column. The Midwest and California were particularly firm, but most Northeast and East points posted solid gains as well. At the close of futures trading, November had eased 3.0 cents to $3.790 and December was down by 3.1 cents to $3.935. November crude oil fell $1.20 to $101.21/bbl.
October 15, 2013
Midwest Leads Broad Advance; Futures Hold Early Gains
Physical natural gas for Friday delivery on average rose 2 cents Thursday as most traders elected to put trades to bed prior to the release of typically market-moving storage data from the Energy Information Administration (EIA).
October 11, 2013
Weak East Sets Up Widespread Losses; Futures Continue Gains
Physical natural gas prices for weekend and Monday delivery eased in Friday’s trading with points in the loss column having a slight edge over those in the win column.
October 11, 2013
Midwest Leads Broad Advance; Futures Hold Early Gains
Physical natural gas for Friday delivery on average rose 2 cents Thursday as most traders elected to put trades to bed prior to the release of typically market-moving storage data from the Energy Information Administration (EIA).
October 11, 2013
Weak East Sets Up Widespread Losses; Futures Continue Gains
Physical natural gas prices for weekend and Monday delivery eased in Friday’s trading with points in the loss column having a slight edge over those in the win column.
October 11, 2013
Revised Weather Outlook Lifts Both Physical and Futures
Physical natural gas prices for Wednesday delivery bounded higher by 12 cents overall on average Tuesday. A change in the near-term weather outlook was enough to shoot the screen higher, and cash quotes quickly followed.
September 4, 2013
CMS Proposes Sale of All Domestic Pipes, Field Services, LNG Terminal
It has definitely become a buyers’ market in the energy industry, with CMS Energy Corp. one of the latest to announce it will sell some of its prized income-producing assets to ensure it can pay the bills and restore investor confidence. Last Wednesday, the Dearborn, MI-based company surprised many by announcing it will consider offers on its entire domestic pipeline and field services businesses, worth an estimated $1.4 billion.
August 12, 2002