Houston Ship Channel

Natural gas futures flew higher on Monday, bolstered by forecasts for substantially colder weather and stronger heating demand. The December Nymex contract gained 54.4 cents day/day to settle at $6.944/MMBtu, adding to a 42.5 cent rally in Friday’s session. January climbed 49.0 cents to $7.244. At A Glance: Forecasts add ‘hefty’ dose of demand Potential…

Natural gas forward prices made huge leaps during the period ending May 4 as production struggled to grow beyond recent levels and heat began to intensify in parts of the country. With hefty storage deficits poised to hold steady for a while longer, June fixed prices rallied by an average $1.57/MMBtu, according to NGI’s Forward…

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.     The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents to $5.022. At A Glance: Futures fall amid autumn weather Forecasts call for mild conditions Global…

Emergency crews on Wednesday afternoon were working to extinguish a fire that erupted at the ExxonMobil Baytown Olefins Plant on the Houston Ship Channel, which houses one of the largest ethylene plants in the world.

Enterprise Products Partners LP (EPD) late Wednesday said it purchased a 65-acre waterfront site on the Houston Ship Channel to serve as the next phase of expansion at its hydrocarbon terminal.