Natural gas cash prices on average rose 4 cents in Tuesday’s trading with gains in the Plains, Texas and eastern points leading the march higher. Wild and wacky weather conditions have proved a challenge to cash buyers, who are now devoid of much of their baseload and are at times having to dip into storage and pay penalties. At the close of futures trading, June enjoyed a bump up to $4.025, a gain of 10.0 cents, and July had risen 9.7 cents to $4.068. June crude oil fell 96 cents to $94.21/bbl.
Gains
Articles from Gains
New England, California Lead Modest Advance; Futures Squeak Higher
Cash natural gas prices rose 3 cents overall Monday, with gains paced by strong Northeast points undergoing pipeline outages, and higher points in California. Other major market centers were mixed. Futures prices waffled throughout the day, but managed a positive finish, with June ending up 1.5 cents to $3.925 and July adding 1.1 cents to $3.971. June crude oil fell 87 cents to $95.17/bbl.
May 14, 2013
Still More Cold Lifts Northeast, But Futures Retreat
Cash natural gas prices were unchanged on average in Friday for weekend and Monday trading. Northeast points managed gains as weather forecasts proved supportive, but Rocky Mountain points were steady to lower, and eastern points fell a couple of cents.
May 13, 2013
EOG’s Papa Eschews NatGas, Sees Eagle Ford Cruising
EOG Resources Inc. last week reported a nearly 53% increase in net income for the first quarter of 2013, gains due in large part to hefty growth in the Eagle Ford Shale.
May 13, 2013
EOG’s Papa Sees Bakken Growth Rate Slowing, Eagle Ford Surging Ahead
Shares of EOG Resources Inc. rose sharply on Tuesday after the company reported a nearly 53% increase in net income for the first quarter of 2013, gains due in large part to hefty growth in crude oil production from the Eagle Ford Shale.
May 8, 2013
Hess Driven by Bakken, Encouraged by Utica
The Bakken Shale, Hess Corp.’s “principal engine of growth.” averaged 65,000 boe/d in the first three months of this year, an increase of 55% from a year ago, the CEO told investors on Wednesday.
April 26, 2013
Cash and Futures Glide Lower Amidst Broad Decline
Cash market prices on average fell 4 cents Tuesday as a handful of points showing gains of a few pennies had no chance of offsetting a broad and pervasive decline.
April 24, 2013
Midwest Strength Unable to Offset Weak East; Futures Retreat
Cash prices eased a penny on average Monday, with modest gains in the Midwest unable to offset declines in the Northeast and East. Major market centers were mixed. Futures prices were pounded lower by forecasts of warmer temperatures in the nation’s midsection, a stark contrast to last week’s outlooks calling for a cooler-than-normal regime. At the close May had fallen 14.1 cents to $4.267 and June was lower by 13.9 cents to $4.298. May crude oil expired at $88.76/bbl, down 75 cents.
April 23, 2013
Enbridge Mounts Rival Project to TransCanada Conversion
Warm-ups are under way for a swarm of environmental protests if TransCanada Corp. gains industry support to advance its Energy East Pipeline proposal to convert part of its natural gas Mainline to oil service.
April 8, 2013
Gulf, SoCal Lead Broad Advance; Futures At Record Open Interest
The cash market scored an average gain of 8 cents in Tuesday’s trading. Gains were widespread and only a handful of thinly traded points fell into the loss column.
April 3, 2013
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
