Although not as strong as on the day before when gains across the board were nearly all in double digits, the cash market realized minor advances at a large majority of points Thursday. A small prior-day uptick of 2.8 cents by October futures provided a small amount of support, and there is evidence that recently heavy storage buying may be helping to keep cash quotes afloat.
Minor
Articles from Minor
Heat, Futures Give Slight Boost to Cash Quotes
Intense heat in many areas finally appeared to be reviving the spot market, but only to a small degree, Thursday. The previous day’s minor rebound of 2.9 cents by September futures also helped in raising cash prices slightly at most points.
NOAA: La Nina Event Could Keep Heat On Through September
La Nina conditions — an unusual cooling of ocean surface temperatures off the western coast of South America that is believed to have significant effects on North American weather patterns — continue to develop across the equatorial Pacific, according to the National Oceanic and Atmospheric Association (NOAA).
‘We Need More Sellers,’ Trader Says; June Eases 2.2 Cents
June natural gas futures suffered only minor bumps and bruises Wednesday as concerns over European debt levels dragged stock markets and petroleum markets down further.
Futures Gain Nearly a Dime Following Recent Slide
Traders stopped the hemorrhaging Tuesday as December natural gas futures staged a minor rebound during the regular session to close at $4.922, up 9.8 cents from Monday’s finish.
Investigators: EnCana Was Target of Dawson Creek Pipeline Bombings
EnCana Corp., which endured minor explosions along its natural gas pipeline near Dawson Creek, BC, three times in October, was probably targeted by a local person with a grievance against the company, according to Royal Canadian Mounted Police (RCMP) investigators.
Investigators: EnCana Was Target of Dawson Creek Pipeline Bombings
EnCana Corp., which endured minor explosions along its natural gas pipeline near Dawson Creek, BC, three times in October, was probably targeted by a local person with a grievance against the company, according to Royal Canadian Mounted Police (RCMP) investigators.
S&P: SoCal Muni Gas Financier Unhurt by Subprime Fallout
Noting it has made some “minor tweaks” to its portfolio of public-sector bond financing packages, the Southern California Public Power Authority (SCPPA) executive director said Tuesday that none of the authority’s renewable and other energy projects currently being pursued have been affected by the subprime mortgage market meltdown that continues to adversely affect some of its counterparties. Standard & Poor’s Ratings Services (S&P) reiterated double-A level credit ratings for SCPPA.
Alaska Gasline Bill Clears Finance Committees
The Alaska Gasline Inducement Act (AGIA) was passed by the state’s House and Senate finance committees with relatively minor changes late Thursday, and Gov. Sarah Palin said she was optimistic the bill would pass the Legislature with most of the original language intact. Floor votes on both bills were expected on Friday.
Alaska Gasline Bill Clears Finance Committees
The Alaska Gasline Inducement Act (AGIA) was passed by the state’s House and Senate finance committees with relatively minor changes late Thursday, and Gov. Sarah Palin said she was optimistic the bill would pass the Legislature with most of the original language intact. Floor votes on both bills were expected on Friday.