The upgrade of a tropical wave in the southern Bahamas to Tropical Depression 3 (TD3) was almost a given during cash business Thursday, but it didn’t seem to impress traders. Neither did a heat wave forecast for the South and highs reaching the low to mid 90s in parts of the Midwest and Rockies.
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Heat Not Major, But Nearly All Points Rise
Overall weather fundamentals didn’t seem all that supportive, but prices increased at a large majority of points Monday. The return of industrial load following the weekend was a minor bullish factor, while Friday’s futures gain of 0.3 cent was essentially neutral to the cash market.
Obama OCS Leasing Plan ‘Took Us Backwards’
Producers and consumers “didn’t really gain anything” from the Obama administration’s recent plan to allow the potential development of the South Atlantic and Mid-Atlantic coasts and parts of the eastern Gulf of Mexico (GOM), said the president of the Institute for Energy Research (IER) last Monday.
Obama OCS Leasing Plan ‘Took Us Backwards’
Producers and consumers “didn’t really gain anything” from the Obama administration’s recent plan to allow the potential development of the South Atlantic and Mid-Atlantic coasts and parts of the eastern Gulf of Mexico (GOM), said the president of the Institute for Energy Research (IER) Monday.
Obama OCS Leasing Plan ‘Took Us Backwards’
Producers and consumers “didn’t really gain anything” from the Obama administration’s recent plan to allow the potential development of the South Atlantic and Mid-Atlantic coasts and parts of the eastern Gulf of Mexico (GOM), said the president of the Institute for Energy Research (IER) Monday.
Smallish Storage Draw Leaves Futures Testing $5 Support
Traders didn’t quite know how to handle the news Thursday morning that 86 Bcf was withdrawn from underground natural gas storage inventories for the week ending Jan. 22. Immediately following the 10:30 a.m. EST report, March natural gas futures — in its first regular session action as the front month — seesawed up and down before resuming its test of lower values.
Smallish Storage Draw Leaves Futures Testing $5 Support
Traders didn’t quite know how to handle the news Thursday morning that 86 Bcf was withdrawn from underground natural gas storage inventories for the week ending Jan. 22. Immediately following the 10:30 a.m. EST report, March natural gas futures — in its first regular session action as the front month — seesawed up and down before resuming its test of lower values.
Barton: EPA Deep-Sixed Data Critical of Endangerment Finding
A ranking House Republican last Wednesday accused the Environmental Protection Agency (EPA) of suppressing an internal report that didn’t support the agency’s position that greenhouse gases (GHG) contribute to air pollution and endanger public health.
EPA Accused of Skewing Data on Proposed Endangerment Finding
A ranking House Republican Wednesday accused the Environmental Protection Agency (EPA) of suppressing an internal report that didn’t support the agency’s position that greenhouse gases (GHG) contribute to air pollution and endanger public health.
Transportation Notes
In an e-mail announcement that didn’t arrive until early that morning, Southern California Gas (SoCalGas) declared a high-linepack OFO for Saturday, setting the tolerance for positive daily imbalances at 10%. The OFO was lifted Sunday. SoCalGas also said it lost 50 MMcf/d of injection capacity at its Honor Rancho storage facility when repairs began Sunday on a packing leak of compressor Unit #4; the work is expected to continue through Friday.