Price moves continued to be mixed Tuesday, but this time flat to higher numbers nearly overwhelmed the occasional small loss. Although any potential tropical threat was still remote, the previous day’s 2-cent futures uptick along with scattered moderate increases in both heating and cooling load were enough to firm quotes at nearly all points.
Loss
Articles from Loss
Encana Finding Innovative Ways to Combat Cost Creep
The management team at unconventional natural gas giant Encana Corp. has raised its cost outlook for both the United States and Canada and said last week the labor and supply markets are as tight as they’ve ever been. However, the company is fighting back by using cutting edge technology to drill wells in less time and at a lower cost.
July 25, 2011
Front-Month Futures Get ‘Double Whammy;’ August Pounded
August natural gas suffered a double-digit loss Wednesday as a combination of front-month selling and spread trading combined to pummel futures. Traders are also anticipating the release of modestly bearish inventory figures from the government Thursday. At the close August had fallen 14.6 cents to $4.217 and September had given up 14.9 cents to $4.222. August crude oil slipped 24 cents to $96.65/bbl.
July 7, 2011
Specs, Commercials Show Buying Interest, Yet July Softens
July futures recovered from an opening loss but still couldn’t manage to make it into positive territory Wednesday. Bulls and bears seem almost evenly divided, but short-term traders did note a return of commercial buying interest. At the close July had eased 0.4 cent to $4.577 and August fell 0.2 cent to $4.611. July crude oil tumbled $4.56 to $94.81/bbl.
June 16, 2011
Failing Weather Demand Pushes Most Points Lower
As expected, the loss of quite a bit of cooling demand from earlier in the week with almost-negligible replacement by new heating load didn’t allow Wednesday’s overall minor gains to persist. Instead, cash prices fell almost the board Thursday. The June futures drop of 6.5 cents a day earlier was another bearish factor in Thursday’s market.
May 13, 2011
Futures Drop on Eve of Inventory Data
June natural gas futures posted nearly a double-digit loss Wednesday as traders discount expected additions to inventories below historical norms and note a weakening technical outlook. At the close June had fallen 9.3 cents to $4.577 and July had weakened 9.4 cents to $4.644. June crude oil swooned $1.81 to $109.24/bbl.
May 5, 2011
Former Amaranth Trader Fined $30M by FERC
Nearly five years after high-flying hedge fund Amaranth Advisors collapsed with a $6 billion loss, FERC Thursday determined that leading Amaranth trader Brian Hunter manipulated the gas futures market and imposed a civil penalty on him of $30 million (see Daily GPI, Sept. 26, 2006).
April 25, 2011
FERC Fines Former Amaranth Trader $30M
Nearly five years after high-flying hedge fund Amaranth Advisors collapsed with a $6 billion loss, FERC Thursday determined that leading Amaranth trader Brian Hunter manipulated the gas futures market and imposed a civil penalty on him of $30 million.
April 25, 2011
Directional Traders Piling on Short Side of Market; May Slides
May natural gas futures opened higher Monday but quickly tumbled nearly 20 cents to land solidly in the loss column, as falling oil markets were able to tug natural gas lower. At the close May was off by 6.6 cents to $4.138 and June had declined 7.4 cents to $4.190. May crude oil swan-dived $2.54 to $107.12/bbl.
April 19, 2011
‘Big Crew Change’ Could Reshape Energy Industry
The global upstream industry faces the loss of 5,000 experienced “petrotechnical professionals (PTP)” by 2014, according to a human resources (HR) benchmark study by Schlumberger Business Consulting (SBC).
April 4, 2011
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