Uncertainty Over Songs Plant Clouds California Energy Outlook

California has a mandate to have one-third of its electricity from renewable energy resources by 2020, but energy planners and providers are hoping milder weather prevails this summer in the face of prospects of a permanent shutdown of one of the state’s two major nuclear generating plants.

July 16, 2012

Cash Posts Double-Digit Losses; Futures Ease

Futures and cash prices worked lower Wednesday, but physical gas posted sharper losses as forecasts of milder weather prompted cash quotes mostly a dime to 15 cents lower with some spots in the Northeast declining between 20 to 30 cents. At the close of futures trading March had shed 2.4 cents to $2.448 and April had softened 3 cents to $2.598. March crude oil added 30 cents to $98.71/bbl.

February 9, 2012

Most Weekend Prices Continue Declines

It wasn’t surprising to see a majority of points softening again Friday as weather continued to be milder than in most winters and the weekend was taking a bite out of industrial demand. What may have been a bit surprising to some was that quite a few locations were flat or managed to rack up small gains to keep mixed price movement in play.

January 9, 2012

Ever Growing Supply Surplus Weighs on Futures; January Dips

January natural gas continued its march towards $3 as recent weather forecasts hint of milder conditions and a subsequent low withdrawal from storage inventories. At the close January had retreated 3.1 cents to $3.096 and February gave up 3.1 cents t $3.143. January crude oil gained 35 cents to $93.88/bbl.

December 20, 2011

Northeast Gains Lead Continuation of Rally

Milder weather trends continue in the South, while temperature changes are mixed in various parts of the Midwest. Nevertheless, the continuation of winter-like conditions in much of the North American market assured that this week’s overall price advance extended into its third day Wednesday.

December 1, 2011

Cash Increases Extend Across the Board

There were still a few softening locations in the market Monday, but it was strength all the way Tuesday. Slightly milder temperatures will be returning in parts of the South Wednesday, but they will be offset by cooling trends in the previously unseasonably moderate Northeast.

November 30, 2011

Low Prices Just Too Tempting; April Scores Double-Digit Gain

April natural gas futures rose Monday as end-users took advantage of sub-$4 pricing and discounted forecasts calling for milder if not unseasonably warm temperatures. At the close April had gained 11.8 cents to $3.927 and May rose 9.7 cents to $3.984. April crude oil added $1.02 to $105.44/bbl.

March 8, 2011

Small Gains Prevail; Northeast Slide Nears Halt

It appeared pretty certain that the New Year’s holiday weekend weather would be noticeably milder than that of the previous week. Yet Northeast citygates essentially halted their headlong plunges from a day earlier, and small gains dominated mixed movement in the rest of the market with few points straying very far on either side from flat.

January 3, 2011

Mixed Market Dominated by Higher Quotes

The cash market largely shrugged off a prior-day drops of 3 cents by futures and some continuing trends toward milder weather in rising at a modest majority of points Wednesday.

December 2, 2010

A Few Big Gains Go Across Overall Softness Grain

With some notable exceptions in the Western Canada/Pacific Northwest area, most points fell Friday because of generally milder weather trends in some regions, the previous day’s 2.3-cent drop by December futures and the usual drop of industrial demand associated with a weekend.

November 22, 2010
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