May natural gas futures rose as traders demonstrate internal market dynamics pointing to at least a market bottom if not higher prices. At the close Tuesday May futures were up 15.2 cents to $4.160 and June added 14.2 cents to $4.253. May crude oil slipped 29 cents to $84.05/bbl.
Dynamics
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May Jumps 15.2 Cents; Analysts Suggest Lack of Long-Term Sellers
May natural gas futures rose as traders demonstrate internal market dynamics pointing to at least a market bottom if not higher prices. At the close Tuesday May futures were up 15.2 cents to $4.160 and June added 14.2 cents to $4.253. May crude oil slipped 29 cents to $84.05/bbl.
Gains Continue to Defy Slight Weather Support
A bit of heating load may be creeping into cash market dynamics as overnight lows in the Rockies dip into the mid to upper 30s, and a few parts of the South may see a fair amount of power generation demand Thursday as highs around 90 are due in parts of Florida and the New Orleans area. Overall weather fundamentals remain on the light side for gas prices, but the market recorded increases at nearly all points Wednesday.
Grassy Point LNG ‘On Hold’ for Better Times
The economic recession and liquefied natural gas (LNG) market dynamics have caused the indefinite postponement of an LNG transshipment and storage terminal proposed by Newfoundland LNG Ltd. for Grassy Point on Placentia Bay on the southeast coast of Newfoundland, Canada.
Grassy Point LNG Facility Placed ‘On Hold’
The economic recession and liquefied natural gas (LNG) market dynamics have caused the indefinite postponement of an LNG transshipment and storage terminal proposed by Newfoundland LNG Ltd. for Grassy Point on Placentia Bay on the southeast coast of Newfoundland, Canada.
Market Factors in Alignment; February Jumps 34.9 Cents
February natural gas futures surged Friday as seasonal buying, forecasts of cold weather, a lack of liquidity, and firm real-time dynamics combined to send prices sharply higher. February futures jumped 34.9 cents to $5.971 and March added 33.7 cents to $5.994. February crude oil added $1.74 to $46.34/bbl.
Bentek: REX Pipeline to Play ’52-Card Pick-Up’ with Gas Markets
The $4 billion, 1,663-mile Rockies Express Pipeline (REX) that will transport Rocky Mountain natural gas to the Midwest and East will change market dynamics unlike any project before, said the head of Bentek Energy at GasMart 2007 Thursday.
Bentek: REX Pipeline to Play ’52-Card Pick-Up’ with Gas Markets
The $4 billion, 1,663-mile Rockies Express Pipeline (REX) that will transport Rocky Mountain natural gas to the Midwest and East will change market dynamics unlike any project before, said the head of Bentek Energy at GasMart 2007 Thursday.
DEGT to Hold Open Season For Three Southern Salt Cavern Storage Facilities
Saying that current natural gas market dynamics make salt cavern storage “vital” for growing demand, Duke Energy Gas Transmission (DEGT) said Friday that its Market Hub Partners (MHP) unit is conducting an open season for customers seeking the “flexibility and reliability” of salt cavern storage services.
NGI The Weekly Gas Market Report
DEGT to Hold Open Season For 3 Salt Cavern Storage Facilities
Saying that current natural gas market dynamics make salt cavern storage “vital” for growing demand, Duke Energy Gas Transmission (DEGT) said Friday that its Market Hub Partners (MHP) unit is conducting an open season for customers seeking the “flexibility and reliability” of salt cavern storage services.