Gas

Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.

Following a growing trend, the city council in San Luis Obispo along California’s central coast on Tuesday established a policy calling for all-electric new buildings that would take effect Sept. 1.

EQM Midstream Partners LP is now a subsidiary of Equitrans Midstream Corp. after the two companies completed a merger on Wednesday that was set into motion two years ago.

Boston-based Greentown Labs, a “climate tech” start-up incubator, plans to open its second location next spring in the U.S. oil and gas capital of Houston, as city leaders move to transition from fossil fuels.

The U.S. Energy Information Administration (EIA) reported an injection of 85 Bcf natural gas storage for the week ending June 12, a reading that was in line with the averages of major polls.

The impact fees paid by Pennsylvania’s unconventional natural gas producers in 2019 declined by 20% year/year to about $200.4 million, a drop that was primarily because of lower prices, according to the state Public Utility Commision (PUC).

Forecasts for modestly increasing heat and a lower inventory build report offset enduring uncertainty about liquefied natural gas (LNG) demand, helping natural gas futures post gains Wednesday and ending a drubbing that cost the July contract nearly 20 cents over the prior three trading sessions.

Pacific Gas and Electric Co. (PG&E) on Tuesday pleaded guilty to 84 counts of involuntary manslaughter and one count of starting a fire for its role in the 2018 Camp Fire that destroyed the town of Paradise, CA.

Cooler temperatures and soft demand in the natural gas cash market, along with ongoing liquefied natural gas (LNG) woes, weighed down futures again Tuesday, with prices hitting a new daily low in June for a third consecutive trading day.