Northeast Spikes Contrast with Mixed Pricing in Gulf Coast, Dips in Midcontinent and West

With super-cold weather not yet arrived but on the way, Northeast citygates soared Thursday, with some points rising a dollar or more. But otherwise there wasn’t much price strength to be found in trading for the long holiday weekend. Gulf Coast numbers were mixed, and quotes for the Midcontinent/Midwest and West fell uniformly.

December 27, 2004

Gas Surplus ‘Large’ but Not Catastrophe, Says Report

In sharp contrast with most of the energy forecasts from a few months ago — which called for a hotter than normal summer — this is likely to be one of the milder summers of the past decade, according to a report by Stephen Smith Energy Associates. The report, issued Wednesday, noted that cooling degree days collectively were 16% lower than normal for the past nine weeks.

August 26, 2004

Small NE Gains Contrast With Mild Softness Elsewhere

Forecasts of a windy and chilly Wednesday in the Northeast were enough to give a small boost to citygates there, but otherwise the market Tuesday continued the trend of mild softness that has prevailed since last Friday.

February 25, 2004

As Warm Air Arrives, Futures Continue Lower

For the second straight session, natural gas futures gapped lower at the opening bell. But in contrast to Monday’s session-long price retreat, the market rebounded Tuesday, pumping life into bulls who are suffering through some mild winter temperatures. The January contract finished at $6.143, down 18.1 cents for the session, but more than 20 cents above its low for the day.

December 24, 2003

Futures Rally Wednesday, But Storage, Weather Key to Further Advances

For the third session in a row, natural gas futures opened in negative territory. However, in sharp contrast to the restrained buying seen Monday and Tuesday, the market accelerated higher Wednesday amid waves of technical and fundamental buying.

December 18, 2003

December Aftermarket Is Launched With Large Gains

Little in the way of very cold weather was expected for the opening day of December, but its workday contrast to the long holiday weekend and a residual boost from the screen’s expiration-day strength Tuesday was sufficient to turn the swing market around Wednesday and yield mostly sizeable gains.

December 1, 2003

FERC’s Hederman: ‘Encouraging Progress’ Made on Index Reforms, Corner Turned

The natural gas industry has “turned a corner” in bolstering confidence in the system for reporting prices on gas trades to publishers of price indexes, said the head of FERC’s Office of Market Oversight and Investigations (OMOI) Tuesday.

June 25, 2003

Flat California, Sumas Contrast with Overall Weakness

Although freezing temperatures lingered on in Midwest and Northeast markets, weather-related demand was fading in the rest of the nation Monday, and it was only a matter of time before the Midwest and Northeast got their own warm-ups going. With a highly negative screen providing an extra push over the edge, it was hardly surprising to see cash prices falling between about 15 and 70 cents at nearly all points.

March 11, 2003

New Northeast Spikes Contrast With Overall Mixed Market

It was off to the races again in the Northeast Monday as multi-dollar spikes occurred at most citygates. But such strength was at odds with the general market, which showed a moderate bias to the upside in a mix of averages that ranged to about 20 cents up or down from flat.

January 28, 2003

Most of Market Up Sharply, But Northeast Takes a Dive

There was a lot of contrast in price movement Thursday. After leaving the rest of the market way behind with numbers that had topped $20 in some cases the day before, Northeast citygates started to come back down to earth with multi-dollar plunges. Meanwhile, most other points (outside the Rockies) soared by about 30 cents or more. Some Gulf Coast pipes saw dollar-plus advances, with others there and in the Midcontinent rising nearly a dollar.

January 24, 2003