With both natural gas and crude inventory reports coming in somewhat bullish, Hurricane Dennis continuing to strengthen in the Caribbean and the apparent terrorist attacks in London causing chaos, traders didn’t know which way to look on Thursday. Despite all of the seemingly bullish news on the day, the natural gas futures market seemed predisposed to drop lower.
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Murkowski Assigns Chief of Staff to Focus on North Slope Pipe
In an apparent move to have a deal in place before the end of the year, Alaska Gov. Frank Murkowski on Wednesday assigned Jim Clark, his chief of staff, to focus only on developing the North Slope natural gas pipeline project.
Mixed Market Shows Slightly Surprising Upside Bias
The cash market showed little apparent rhyme or reason Tuesday as September swing trading opened with a hodgepodge of mixed price movement that nevertheless favored the upside in a majority of cases. Prices may have found more weather-related load than expected, and the screen’s gain of nearly a nickel Monday may have played a part.
Greenbrier Seeks Two-Year Delay to Build Mid-Atlantic Pipe
Apparent soft demand in the Mid-Atlantic market has forced Greenbrier Pipeline Co. LLC to ask FERC for a two-year extension to build and put into operation its proposed 279-mile pipeline that’s intended to serve local distributors and power generators in the region. This comes after Greenbrier announced an indefinite delay of the project in November.
Greenbrier Seeks Two-Year Delay to Build Mid-Atlantic Pipe
Apparent soft demand in the Mid-Atlantic market has forced Greenbrier Pipeline Co. LLC to ask FERC for a two-year extension to build and put into operation its proposed 279-mile pipeline that’s intended to serve local distributors and power generators in the region. This comes after Greenbrier announced an indefinite delay of the project in November.
New England Maintains Deliveries Despite Record Demand, Bitter Cold
The New England gas industry Thursday had its fingers crossed that its apparent success maintaining deliveries during the sub-zero temperatures so far this week would last through the bitter cold on Friday morning.
Customer Confidence Still Lacking, Gas Experts Find
North America’s apparent dwindling natural gas reserves pose a long-term challenge, but continued price volatility, contractual uncertainty and growing political pressure for regulators to “do something” also have to be addressed to restore confidence in the marketplace, an industry panel concluded Thursday.
Customer Confidence Still Lacking, Gas Experts Find
North America’s apparent dwindling natural gas reserves pose a long-term challenge, but continued price volatility, contractual uncertainty and growing political pressure for regulators to “do something” also have to be addressed to restore confidence in the marketplace, an industry panel concluded Thursday.
Storage Draw Setting Stage for Higher Gas Prices
The apparent tightening in the gas market, combined with strong heating demand and the related strong storage draw in the past few weeks have set the stage for higher natural gas prices, at least into early next year, according to Lehman Brothers analyst Thomas Driscoll.
Analyst: Gas Prices Need to Fall ‘Sharply’ For Use to Rise
Natural gas storage injection rates have been more bearish than the market understands, and gas prices may need to fall over the next two months to lead consumers to burn more, according to Lehman Brothers’ energy analyst Thomas Driscoll.