Prices ranged from essentially flat to down about 15 cents at Malin Monday. Apart from Malin, all other declines were generally a dime or less. Weather fundamentals remained weak in the northern market areas and Tropical Storm Chantal was getting little credence as a serious threat to Gulf of Mexico production for the time being. Those factors and screen weakness accounted for much of the post-weekend cash softening, sources said.
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Kern River Offering Discounted TDR Rates
Williams’ Kern River pipeline, with expansion plans targetingLong Beach, CA, is holding an open season offering termdifferentiated rates (TDR) for firm service representing a discountfrom existing rates of up to 25 cents/Dth. The 15-day open seasonbegan Oct. 23.
November 2, 1998
Mitch-No-Match for Futures Profit-Taking
The futures market retraced advances tallied Monday and thensome yesterday as traders discounted the threat of Hurricane Mitch.Profit taking by all segments of the market was the feature of theday. Only the final bell could stop the price erosion that left theNovember contract down 19 cents to settle at $2.108.
October 28, 1998
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