Natural gas futures, under heavy pressure most of 2023 amid mild weather and strong production, found a path forward for a second consecutive session on Wednesday as traders focused on export strength and expectations for a bullish inventory report. At A Glance: Prompt month posts 4.9-cent gain Analysts see low 20s Bcf withdrawal Production slowed…
Emerson
Articles from Emerson
Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries
Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. The October Nymex contract cruised 29.3 cents higher day/day and settled at $5.231/MMBtu. November…
TransCanada Rupture Cuts Heat to Thousands
An early Saturday morning explosion and fire on a lateral of the TransCanada Mainline in Manitoba left thousands without natural gas service amid freezing temperatures and prompted the closing of some schools in the region, according to pipeline notices and media reports.
Transportation Notes
Great Lakes is holding an open season through July 31 for thesale of firm service from Emerson to Carlton in seven packagessubject to Right of First Refusal provisions of the pipeline’stariff (that is, each existing shipper can match the highest bidfor the capacity and retain it). Up to 70,927 Dth/d of capacitystarting Nov. 1, 2002 is available. Call a marketing representativeat (888) 275-3611 for more information.