The continuation of bone-chilling cold in a number of high gas usage regions allowed February natural gas futures on Monday to rebound from Thursday’s storage report-induced slump. The prompt-month contract recorded a high of $5.894 in morning trade and went on to close out the regular session at $5.884, up 31.2 cents from Thursday’s finish.
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Articles from Bone
Mixed Market Action Despite Arctic Blast
Even as most of the country hunkered down under winter’s first real bone-chilling cold spurt, a number of declines in cash market point averages were sprinkled in with the gains in Tuesday deals for Wednesday delivery.
NOAA Expects Variable Spring Temps, Hot Summer for South
While the folks in Boston will remember the bone-chilling cold in mid-January that produced new gas demand records, this winter (December-February) will go down in history as being pretty average overall across the entire nation, according to the National Oceanic and Atmospheric Administration (NOAA).
NOAA Finds Pretty Average Winter Nationwide
While the folks in Boston will remember the bone-chilling cold in mid-January that produced new gas demand records, this winter (December-February) will go down in history as being pretty average overall across the entire nation, according to a report Thursday by the National Oceanic and Atmospheric Administration (NOAA).
Connecticut AG Probes Generator Actions During Recent Cold Spell
Connecticut Attorney General Richard Blumenthal is investigating the actions of power suppliers during a recent bone-chilling freeze that blanketed the Northeast, saying he has information that some generators sold natural gas on the spot market that could have otherwise been used for their own power plants during the recent power supply crunch.
Companies Tell FERC Gas Trading, Price Reporting Cut to the Bone
Responding to an April order requiring them to show how they have cleaned up their price-reporting practices, a number of energy companies last week told FERC they either have cut back their natural gas trading to bare-bones operations or completely pulled out of the business, fired and disciplined rogue traders, and bowed out of price reporting until reforms are enacted.
Companies Tell FERC Gas Trading, Price Reporting Cut to the Bone
Responding to an April order to show how they have cleaned up their price-reporting practices, a number of energy companies told FERC they have either cut back their natural gas trading to bare-bones operations or completely pulled out of the business.
Water Levels Improve in Northwest; Southwest Still Dry as a Bone
Water levels have increased in the Pacific Northwest, according to the Northwest River Forecast Center (NRFC), which last Thursday raised its forecast for the region in the midst of steady precipitation from an influx of storms over the past two weeks. However, in the Southwest, Lake Powell water levels are at record lows and unlikely to recover soon.