Mild

Mild softness dominated the cash market Tuesday. There was still a little bit of both heating load in Canada and the northern U.S. and cooling load in the southern tier of states, but neither demand source was strong enough to support spot prices. The previous day’s decline of 2.3 cents by May futures, which will expire Wednesday, was another slightly bearish influence for the physical market.

Prices rebounded at nearly all points Monday, even with weather forecasts being mostly mild to chilly in northern market areas and merely warm — but not especially hot except from Texas through parts of the desert Southwest — in the southern U.S. The previous Thursday’s futures gain of 10.2 cents and returning industrial demand after a holiday weekend were chiefly responsible for the overall firmness.

High domestic production, mild weather and the absence of significant hurricane activity in the Gulf of Mexico have contributed to the decline in Henry Hub spot natural gas prices, as well as a large inventory build, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for November.

High domestic production, mild weather and the absence of significant hurricane activity in the Gulf of Mexico have contributed to the decline in Henry Hub spot natural gas prices, as well as a large inventory build, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for November.

Citing limited operational flexibility, mild weather and testing at its Harrison storage field, Tennessee said a systemwide OFO Action Alert will become effective Thursday until further notice for all Balancing Parties. They are required to maintain an actual daily flow rate not exceeding 2% of scheduled quantities or 500 Dth, whichever is greater, for overdeliveries into the system and undertakes from it.

Mild to cool conditions remain dominant north of the southern third of the United States, yet the cash market got even stronger than before with double-digit increases nearly across the board Tuesday.

Citing limited operational flexibility and mild weather, Tennessee said a systemwide OFO Action Alert will take effect Saturday for all Balancing Parties. Penalties will apply to all such parties who exceed a positive daily imbalance tolerance of 2% of scheduled quantities or 500 Dth, whichever is greater. “In the event the OFO Action Alert is not sufficient to maintain the operational integrity of the system, Tennessee may issue a Critical Day or an OFO Balancing Alert,” the pipeline said.

Citing limited operational flexibility and mild weather, Tennessee said a systemwide OFO Action Alert will take effect Saturday for all Balancing Parties. Penalties will apply to all such parties who exceed a positive daily imbalance tolerance of 2% of scheduled quantities or 500 Dth, whichever is greater. “In the event the OFO Action Alert is not sufficient to maintain the operational integrity of the system, Tennessee may issue a Critical Day or an OFO Balancing Alert,” the pipeline said.

Citing limited operational flexibility and mild weather, Tennessee issued a systemwide OFO Action Alert that will take effect Saturday for all balancing parties. They are required to maintain an actual daily flow rate not exceeding 2% of scheduled quantities or 500 Dth, whichever is greater, for overdeliveries into the system and undertakes from the system, Tennessee said.