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After opening higher Monday, then revisiting the $9.20 high from last Thursday, December natural gas futures fell for the remainder of the session to settle at $8.72, down a half of a cent from Friday’s close.

After opening higher Monday, then revisiting the $9.20 high from last Thursday, December natural gas futures fell for the remainder of the session to settle at $8.72, down a half of a cent from Friday’s close.

Cool to cold temperatures were due over the weekend in most areas, but the cash market did not find that enough incentive to sustain Thursday’s sharp gains into Friday. Instead, prices fell at almost all points between a little less than a nickel and nearly half a dollar (the sole gainer was Transco Zone 5’s rise of about 4 cents).

A FERC rule that would require only interstate pipeline storage operators to electronically post their daily storage inventory levels is “unlikely” to make the gas market more transparent, said a major pipeline group.

A FERC rule that would require only interstate pipeline storage operators to electronically post their daily storage inventory levels is “unlikely” to make the gas market more transparent, said a major pipeline group.

Neither FERC nor the Commodity Futures Trading Commission (CFTC) found any evidence of manipulation in sharp upward movement of natural gas prices in late 2003, the agencies announced last Monday. The CFTC blamed fundamentals, including the sudden onslaught of cold weather and storage projections.

Neither FERC nor the Commodity Futures Trading Commission (CFTC) found any evidence of manipulation in sharp upward movement of natural gas prices in late 2003, the agencies announced Monday. The CFTC blamed fundamentals, including the sudden onslaught of cold weather and storage projections.

After plummeting to trade at $5.32 just prior to noon (EDT), September natural gas futures failed to find any traction and failed to bounce off the floor for the remainder of the trading session. The prompt month reached a low of $5.305 in afternoon trading before settling at $5.31, down 24.2 cents from Friday’s close.

The 87-page National Petroleum Council (NPC) report on natural gas last fall has become the bible of gas policy recommendations for many industry experts, government officials and legislators, but the modeling behind the report appears to be significantly flawed, according to a critique by several prominent economists.