The May natural gas futures expiration Wednesday was devoid of any fireworks as the contract traded between $4.186 and $4.326 before going off the board at $4.271, up 5.5 cents from Tuesday’s finish. Taking over the prompt-month contract title, June futures edged 3.3 cents higher to close at $4.348.
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May Goes Quietly as Traders Await Supply Data Smorgasbord
The May natural gas futures expiration Wednesday was devoid of any fireworks as the contract traded between $4.186 and $4.326 before going off the board at $4.271, up 5.5 cents from Tuesday’s finish. Taking over the prompt-month contract title, June futures edged 3.3 cents higher to close at $4.348.
Futures Inch Lower; Summer LNG Impact Debated
While April natural gas futures on Wednesday continued their recent trend of shaving a few pennies a day, the real fireworks could be found in neighboring crude futures, which saw the April contract fall $3.38 to close at $42.33/bbl, just two sessions after trading as high as $48.83/bbl. April natural gas closed Wednesday at $3.798, down 4.2 cents from Tuesday.
February Expires Quietly; Traders Expect Bearish Storage Pull
Traders expecting fireworks on the expiration of February natural gas futures were sorely disappointed Wednesday as the contract failed at an early push to higher prices and ended up going off the board at $4.476, down 2.7 cents. Before taking over as the new front-month contract, March natural gas on Wednesday dropped 2.5 cents to close at $4.420.
NOAA Sees Long, Hot July; Downplays Arrival of Hurricane-Prone La Nina
The fireworks that fill the air at the beginning of July may be just a prelude to the fiery temperatures that are forecast to bathe most of the western states and a portion of the Northeast next month, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center reported in its monthly outlook last Thursday. The Midwest, meanwhile, may escape the hellish heat and could see below-normal temperatures.
NOAA Sees Long, Hot July; Downplays Arrival of Hurricane-Prone La Nina
The fireworks that fill the air at the beginning of July may be just a prelude to the fiery temperatures that are forecast to bathe most of the western states and a portion of the Northeast next month, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center reported in its monthly outlook Thursday. The Midwest, meanwhile, may escape the hellish heat and could see below-normal temperatures.
Florida Senators Vow to Filibuster Energy Bill If Proposal to Lift OCS Moratorium Offered
Fireworks erupted Tuesday on the Senate floor between Sen. Bill Nelson (D-FL) and Sen. Pete Domenici (R-NM), chairman of the Senate Energy and Natural Resources Committee, over the issue of changing the 20-year-old moratorium on drilling on the federal Outer Continental Shelf (OCS).
Futures Display Their Own Post-Holiday Fireworks
Coming out of the extended July Fourth weekend with a bang, natural gas futures hit the ground running in Tuesday morning trading. The August contract rallied from the opening bell, sending bears into hibernation for fear of being trampled by bulls, who were on a roll.
Mild Firmness Expected to Yield to Price Blowout
This week’s climb in the cash market slowed down Wednesday, butwatch out for the fireworks that are virtually a certainty today.
Prices Soar in Snowy Northeast Before Plunging Again
Those fireworks you may have heard Thursday were Northeastcitygate prices doing their best skyrocket imitations. While therest of the cash market was considerably more mundane with pricesranging from flat to only a few cents higher, Transco’s Zone 6-NYCpool and Algonquin citygates in New England were making eye-poppingdollar-plus jumps.