Moderate

Federal Reserve Report: Economy, Shale Gas Industry Expanding

The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.

December 2, 2011

Federal Report: Shale Gas Expanding in Ohio, Texas

The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.

December 2, 2011

Widespread Shift to Colder Forecasts Lifts Prices

Following rather moderate Thanksgiving weekend weather in most regions, traders returned to their offices Monday to face much more winter-befitting forecasts going into December. That, along with a modest futures advance on the preceding Wednesday and the return of industrial load from holiday hiatus, propelled a solid majority of the cash market to substantial gains.

November 29, 2011

Warming Weather Outlook Wallops Futures; December Dives

December natural gas swan-dived Monday in moderate trading as traders note weather forecasts have turned less supportive than earlier, production continues to outstrip modest demand and buyers remain unmotivated. At the close December had fallen 12.6 cents to $3.458 and January had retreated 9.6 cents to $3.600. December crude oil dropped 85 cents to $98.14/bbl.

November 15, 2011

BC Shale Canada’s ‘Bright Spot,’ Report Says

Shale gas prospects in British Columbia (BC) appear to be the sole “bright spot” on a darkening natural gas landscape projecting a continuing decline in Canada’s overall gas production in the years ahead, according to a report recently released by the Conference Board of Canada.

October 4, 2011

Prices Again See Small Gains at Nearly All Points

Prices continued to rise by mostly small amounts at a large majority of locations Thursday. There was no support from moderate weather in most regions, and the previous day’s prompt-month futures gain of 0.2 cent wasn’t much of a cash market booster. But the acceleration of Atlantic tropical activity — including Tropical Storm Nate possibly entering the Gulf of Mexico (GOM) production area — undoubtedly weighed on traders’ minds.

September 9, 2011

Mild Temperatures, Screen, Irene Push All Points Lower

Not surprisingly, the modest rally of the previous two days came to an end Thursday as generally moderate weather, prior-day futures weakness and a demand-killing hurricane ganged up to cause spot prices to decline across the board.

August 26, 2011

Price Declines Continue With No Rally in Sight

Spot prices continued to wither Wednesday due to a combination of relatively moderate temperatures in several regions around the midpoint of what is normally the hottest month of the year and further softness in prior-day futures. And despite continuing deficits of current storage compared to year-ago levels and the five-year average, traders appear unconcerned about inventories, especially with what was generally expected to be a very busy Atlantic hurricane season having little impact so far on Gulf of Mexico output.

August 18, 2011

Nearly All Points Dip Following Weekend Gains

Finding only relatively moderate cooling load for mid-August in many areas and weighed down slightly by the previous Friday’s near-nickel futures drop, nearly all of the cash market followed up Friday’s gains with softening Monday.

August 16, 2011

Most Points See Further Minor Softening

The Northeast rejoined the overall market in recording mostly moderate losses Tuesday. Heat levels across most of the southern third of the U.S. are remaining somewhat onerous, but highs in the 80s or less continue to dampen cooling load.

July 27, 2011