Softer Cash Prices Buck Supportive Influences

Slowly but surely the faux summer that much of the eastern U.S.has experienced recently is turning into “real summer,” a marketernoted. But even that and a moderate gain by the August Henry Hubfutures contract were not enough to avert softening at most cashtrading points Thursday. Eastern declines tended to be minuscule,with a few points staying flat and few others falling by more than1-2 cents. But an easing of Southwest supply constraints andgenerally cooler weather in the West caused larger price drops inthe West, topped by a loss of several cents in the San Juan Basin.

July 16, 1999

Transportation Notes

Northwest Pipeline experienced a leak Tuesday afternoon on itsVancouver (WA) Lateral. There were no injuries. Preliminaryinvestigation indicates third-party damage, the pipeline said.Service was disrupted to direct industrial customer Vanalco and toindustrial customers of LDC Northwest Natural Gas in the area untilbeing restored at 11:24 p.m. PST Tuesday.

March 25, 1999

Sub-$2 Prices No Problem for November Futures

The futures market experienced heavy expiration-day lossesyesterday, adding to price erosion that occurred Tuesday. Novemberwas particularly hard hit, slipping 13.6 cents to settle at $1.972.Weak October cash prices and follow-through selling by traders whohave elected to ignore and discount the threat of Hurricane Mitchwere reasons cited for the decline. Trading was active, with nearly150,000 contracts changing hands.

October 29, 1998

Futures Traders Prepare for ‘Wild Ride’

There was no calm before the storm on Thursday as the futuresmarket experienced another day of volatile, choppy trading astraders turned to televisions in trading rooms across the countryfor the direction and strike probabilities of Hurricane Georges.The October contract bounced back and forth throughout the tradingsession as the market digested the imminence of supply shut ins.That prompted the spot month to move 4.8 cents higher yesterday,settling at $2.179.

September 25, 1998

New DOE Secretary Experienced in Energy Policy

Associations representing the natural gas industry hailed thenomination of Bill Richardson, currently United Nations envoy, assecretary of energy to replace Federico Pena who leaves the post atthe end of this month. President Clinton announced his intention tonominate Richardson Thursday.

June 19, 1998

Administration to Nominate Massey to Another Term

Industry concerns that FERC could lose one of its mostexperienced commissioners when his term expires at the end of thismonth were partially quelled late Tuesday when President Clintonannounced his intent to nominate Commissioner William L. Massey toanother term. His new term, which is subject to Senateconfirmation, would expire June 30, 2003.

June 11, 1998
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