With Philadelphia temperatures expected to peak around 90 Wednesday, the combination of a mini-heat wave in the East, a 15.8-cent advance by July futures on the previous Friday and the restoration of industrial demand that had been missing during a long holiday weekend caused double-digit price gains across the board Tuesday in the launch of the June aftermarket.
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Technical Buying Lifts July to Double-Digit Gain
July natural gas futures rose sharply on a combination of technical buying ahead of the long weekend and algorithmic traders utilizing buy stop orders to limit losses. At the close July had advanced 15.8 cents to $4.518 and August had risen 15.2 cents to $4.557.
Avista Seeks $44.5M Washington Gas, Power Rate Hikes
Spokane, WA-based Avista Corp.’s combination utility filed with Washington state regulators Monday, seeking rate increases for its natural gas and electric operations to recover costs of bolstering infrastructure to serve 234,000 electric and 147,000 natural gas customers in the state.
Federal Lands Help, But State Policies Key to Renewables, NREL Says
Following last Friday’s Earth Day commemorations, two sectors of the federal government demonstrated that a combination of state and federal policy efforts are needed for renewables to make the large-scale breakthrough that their backers envision.
Shale Projects to Drive Alta Resources, Blackstone Joint Venture
Alta Energy Partners, a newly formed joint venture of privately held Alta Resources LLC and an affiliate of The Blackstone Group, launched plans Tuesday to invest up to $1 billion in unconventional natural gas and oil properties in North America.
New Pennsylvania Wastewater Rules In Effect
New Pennsylvania wastewater treatment rules, which apply to gas drillers in the Marcellus Shale, are now in effect, the state’s Department of Environmental Protection (DEP) said.
Prices Record Drops at Majority of Points
Cash prices were pushed lower at most locations Friday by a combination of prior-day futures softness, cool but generally moderate weather and the tendency of industrial load to take the weekend off.
Prices Record Drops at Majority of Points
Cash prices were pushed lower at most locations Friday by a combination of prior-day futures softness, cool but generally moderate weather and the tendency of industrial load to take the weekend off.
NatGas Output Falls but ‘Doesn’t Mean Anything’
Lower 48 natural gas production fell by about 2%, or 1.39 Bcf/d, in September from August due to a combination of plant maintenance, repairs and shut-ins brought on by depressed gas prices, according to the Energy Information Administration’s (EIA) 914-data released last Monday. On the demand side, the power generation sector offered about the only bright spot for gas.
EIA: Nonfundamental Factors Cause U.S. Gas Production to Dip
Lower 48 natural gas production fell by about 2%, or 1.39 Bcf/d, in September from August due to a combination of plant maintenance, repairs and shut-ins brought on by depressed gas prices, according to the Energy Information Administration’s 914-data released Monday.