Malin

Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. The October Nymex contract cruised 29.3 cents higher day/day and settled at $5.231/MMBtu. November…

September 13, 2021
Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

August 30, 2021
Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…

August 9, 2021

Ruby’s Anchor Shipper Gets Favorable Nod from CPUC ALJ

The 680-mile proposed interstate natural gas pipeline — called Ruby Pipeline — that would extend from the Opal Hub in Wyoming to an interconnect at Malin, OR, took another step toward becoming a reality last week after Pacific Gas and Electric Co. (PG&E), the project’s anchor shipper, received a favorable proposed decision regarding the project from a California Public Utilities Commission (CPUC) administrative law judge (ALJ). In related news, the U.S. Bureau of Land Management (BLM) said it is holding a number of public meetings to obtain comments on the environmental ramifications of the proposed pipeline.

October 20, 2008

Ruby’s Anchor Shipper Gets Favorable Nod from CPUC ALJ

The 680-mile proposed interstate natural gas pipeline — called Ruby Pipeline — that would extend from the Opal Hub in Wyoming to an interconnect at Malin, OR, took another step toward becoming a reality last week after Pacific Gas and Electric Co. (PG&E), the project’s anchor shipper, received a favorable proposed decision regarding the project from a California Public Utilities Commission (CPUC) administrative law judge (ALJ). In related news, the U.S. Bureau of Land Management (BLM) said it will hold a number of public meetings to obtain comments on the environmental ramifications of the proposed pipeline.

October 15, 2008

Prices Down Moderately in Initial August Aftermarket

The August aftermarket was launched Thursday with modest downturns at nearly every point. Malin, the PG&E citygate and a few Rockies points were flat to a couple of pennies higher; otherwise, declines ranged from about 2 cents to a dime.

August 1, 2003

Cold Weather, Lost Production Push Most Prices Higher

Except for falling San Juan Basin and Malin numbers, prices sawfairly substantial rebounds in post-weekend trading Monday. Coldweather prevailing throughout most of the eastern U.S., highlightedby a potentially severe winter storm developing in the Northeast,plus a large loss of offshore production, were primarilyresponsible for the firmness, sources said.

March 6, 2001