May natural gas is expected to open a penny lower Friday morning at $4.64 as traders consolidate gains from Thursday and expect a typical soft end-of-week trading in the physical market. Overnight oil markets were mixed.
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EIA: New Marcellus Capacity to Keep New England Waiting
Multiple pipeline expansions expected to come online between now and 2015 in the Northeast will take more gas out of the Marcellus Shale, but they won’t do much to alleviate winter price spikes in New England, according to the Energy Information Administration (EIA).
October 30, 2013