Channel

Quebec is working on a plan that would allow it to develop its portion of the Old Harry formation in the Laurentian Channel, which may be one of the largest untapped natural gas and oil reservoirs in Eastern Canada’s offshore.

Although The Weather Channel’s website headline said “Spring has sprung” Thursday morning, it will not officially be true until Saturday. But the continuation of spring-like weather in most of the U.S. was able to ensure that cash market softness would endure. Of course, the previous day’s second consecutive fall of 4.4 cents by April futures was another bearish influence.

Although The Weather Channel’s website headline said “Spring has sprung” Thursday morning, it will not officially be true until Saturday. But the continuation of spring-like weather in most of the U.S. was able to ensure that cash market softness would endure. Of course, the previous day’s second consecutive fall of 4.4 cents by April futures was another bearish influence.

Despite The Weather Channel (TWC) predicting icy commutes to work and school for Midwest residents Wednesday, prices continued to fall at nearly all points Tuesday. The overwhelming softness also defied support from a 10.3-cent increase by February futures on the preceding Friday and the return of industrial load from a holiday weekend.

Although The Weather Channel’s forecast for Tuesday in Florida called for a bit of cooling, Florida Gas Transmission not only kept an Overage Alert for market-area customers going into its 11th day Tuesday but also tightened the tolerance for negative daily imbalances to 10% from the 25% that had been in effect since the first Overage Alert Day on May 2.

St. Patrick’s Day will be warm and mostly dry in the U.S., according to The Weather Channel (TWC). That sounded like as good a reason as any for gas prices to drop at nearly all points Monday, although the previous Friday’s 6.3-cent decline by April futures also contributed to the cash market softness.

FERC Administrative Law Judge (ALJ) Bruce Birchman last Monday certified under seal a joint offer of settlement that, if ultimately approved by the agency, would resolve all charges that Energy Transfer Partners’ Oasis Pipeline LP and affiliates discriminated against nonaffiliated shippers and charged excessive rates in violation of Section 311 of the Natural Gas Policy Act (NGPA).

A large majority of the cash market was able to rebound Monday as a mass of arctic air, which The Weather Channel (TWC) characterized as bitterly cold, was due to move into the Plains and western Midwest behind a cold front Tuesday. A less severe cold front was in Tuesday’s forecast for the South.

The headline on The Weather Channel’s (TWC) next-day forecast posted Thursday afternoon said it all: “Bitter cold for much of the country.” As could be expected, prices continued to rise at most points Thursday, with only a few flat to nearly 20 cents lower Northeast citygates preventing all-points gains.