Producers lined up on one side and large consumers on the other in the political countdown to an Obama administration decision on whether to allow unrestricted exports of liquefied natural gas (LNG) to the world market.
Articles from Countdown
As the countdown to today’s May futures expiry continuedTuesday, swing cash prices certainly did their part to encouragethe bulls in Nymex’s trading pit. But in a form of reciprocatingsupport, sources said late-April price rises of about a dime inmost markets were based almost solely on screen upticks Monday andTuesday. Except for moderate air conditioning load in Texas and theSoutheast and a bit of lingering chill in the West, weatherfundamentals were almost non-existent, they said.