Moves

Traders See Technical Support Safe, for Now; March Drifts Higher

March natural gas futures managed a modest gain Monday as traders cited market moves reflecting largely bookkeeping and rolling of positions from one month to the next. There was little in the way of new fundamental information, and traders suggested that short-term support areas were safe for the moment. At the close March natural gas was up 1.5 cents to $3.925 and April added 1.4 cents to $3.991. March crude oil continued its losing ways, posting a decline of 77 cents to $84.81/bbl.

February 15, 2011

Futures Break Down Ahead of Holiday Weekend

Sticking to the recent script of back-and-forth moves in natural gas futures, the August contract followed up Thursday’s 23.8-cent increase with a drop of 16.7 cents to close Friday’s regular session at $4.687.

July 6, 2010

FERC Urged Not to Create Barriers to Gas-Fired Generation

As the federal government moves to cut greenhouse gas emissions, FERC should recognize the critical role of natural gas to provide baseload generation and complement variable energy resources (VER), such as wind and solar energy, because of its ability to quickly and reliably ramp up to meet electric customers’ demand when wind or sun energy is disrupted, said the Natural Gas Supply Association (NGSA).

April 13, 2010

FERC Urged Not to Create Barriers to Gas-Fired Generation

As the federal government moves to cut greenhouse gas emissions, FERC should recognize the critical role of natural gas to provide baseload generation and complement variable energy resources (VER), such as wind and solar energy, because of its ability to quickly and reliably ramp up to meet electric customers’ demand when wind or sun energy is disrupted, said the Natural Gas Supply Association (NGSA).

April 13, 2010

Most of Market Flat to Moderately Higher

Despite predicted temperature moves that were more often slightly higher than conducive to boosting heating load, prices recorded single-digit gains at a large majority of points Tuesday.

March 10, 2010

Most of Market Flat to Moderately Higher

Despite predicted temperature moves that were more often slightly higher than conducive to boosting heating load, prices recorded single-digit gains at a large majority of points Tuesday.

March 10, 2010

Sempra Shuffles Executives

San Diego-based Sempra Energy announced Wednesday a series of senior management moves. The top move was to promote the head of its two California utilities, Debra Reed, to a newly created executive vice president position at the holding company, reporting to Sempra CEO Donald Felsinger.

January 22, 2010

Senate Bill TargetsTax Breaks for Noncommercial Speculators

As the Commodity Futures Trading Commission moves to crack down on excessive speculation in energy markets by imposing position limits, one U.S. senator is eyeing changes in the tax code to cut trading volume, while another will propose a bill to require the reporting of over-the-counter (OTC) derivative trades — including energy transactions — to a central trade repository, making it easier for regulators to keep closer tabs on the market.

August 10, 2009

Bill to Tax Pennsylvania Gas Production Inches Forward

Legislation to impose a severance tax on growing natural gas production in Pennsylvania’s Marcellus Shale jumped a committee hurdle last week and now moves to the full House for consideration.

June 29, 2009

Futures Slip Lower on Moderating Weather Forecasts

Continuing the recent string of small moves in either direction within the current trading range, July natural gas futures dropped 13.7 cents on Monday to close at $3.731. Moderating temperature forecasts and some signs of weakness from crude futures were seen as contributing factors to the drop. July crude shed another 35 cents to close Monday’s regular session at $68.09/bbl.

June 9, 2009