The bulls within the natural gas futures market received some much-needed support Wednesday as the weather picture got a whole lot more interesting with three separate weather systems forming in the Gulf of Mexico and the Atlantic. As a result, October natural gas punched higher, recording a high of $6.470 late in the session before closing out the day at $6.438, up 50.4 cents from Tuesday.
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AGA: Consumers Heeding Utilities’ Natural Gas Conservation Warnings
Utilities that have been urging their customers to conserve energy over recent years found out something very interesting last Thursday — consumers are actually listening, according to a new report from the American Gas Association (AGA).
AGA: Consumers Heeding Utilities’ Natural Gas Conservation Warnings
Utilities that have been urging their customers to conserve energy over recent years found out something very interesting on Thursday — consumers are actually listening, according to a new report from the American Gas Association (AGA).
Wood’s First FERC Meeting Expected to be Long
Today’s regular FERC meeting, the first one over which Chairman Pat Wood III will preside, promises to be a very long and interesting one. In addition to the regular consent agenda items, the Commission has listed a number of administrative issues that will be discussed, including the adequacy of the energy infrastructure, an update on the pipeline capacity situation to and within California, “strategic and 2002 business plans,” as well as other items. (AD01-2, AD01-3, AD01-1).
Gas Turbines on the Rise, According to EVA
Developers in 2000 set an all-time record in the United Statesfor production of megawatt capacity from natural gas-firedturbines. The interesting part about the new record is that it isexpected to be more than doubled in 2001, according to a new studyconducted by A. Michael Schaal of Energy Ventures Analysis, Inc.(EVA).
Gas Turbines on the Rise, According to EVA
Developers in 2000 set an all-time record in the United Statesfor production of megawatt capacity from natural gas-firedturbines. The interesting part about the new record is that it isexpected to be more than doubled in 2001, according to a new studyconducted by A. Michael Schaal of Energy Ventures Analysis, Inc.(EVA).
Futures Give Back Gains in Late-Day Sell-Off
Wednesday afternoons have been interesting times lately in thenatural gas pit at Nymex and yesterday was no exception. Afterspiking as much as 20 cents higher on storage-hype-related buying,the June contract spiraled lower after the report was released. TheJuly contract finished at $4.356, just 0.2-cents above Tuesday’sclose. According to the American Gas Association, 56 Bcf wasinjected into underground storage facilities last week, bringingtotal working gas to 1,274 Bcf or 429 Bcf less than at the sametime last year.