With the on-schedule opening of approximately 500 miles of Rockies Express-West (REX-West) under their belts, pipeline officials have set their sights on two more milestones in the epic project: reviving a long-shelved idea with Kinder Morgan’s Natural Gas Pipeline Co. of America (NGPL) to serve Chicago and opening REX’s Northeast Express.
Belts
Articles from Belts
Shorts Get Shorter as Selling Ushers June to Expiration
With a holiday weekend spent mulling sub-$4.00 natural gas under their belts, traders at the New York Mercantile Exchange wasted little time taking the June contract for one last ride lower Tuesday, as they demoted the prompt month through several levels of support. By virtue of its $3.738 final closing price, the June contract limped off the board with a 23.5-cent loss for the day, resting a whopping $1.203 lower than where it was when it began its tenure as prompt contract at Nymex a month ago.
May 30, 2001
65 Bcf Fill Prompts Another Wild Ride, Small Daily Gain
They may have to start handing out seat belts at Nymex justprior to the release of American Gas Association’s weekly gasstorage report each Wednesday. In a span of only a few minutesfollowing the 2 p.m. report of a 65 Bcf injection last week intostorage, September futures spiked to $4.565, its highest levelsince June 28, but then immediately plummeted back into the low$4.40s.
August 10, 2000
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