Nationwide

Gas for Monday delivery fell about 8 cents nationwide in Friday trading as an overall shortage of demand combined with the need to make up ground traversed by the double-digit decline in the May futures on Thursday. Losses were greatest at eastern points as temperature forecasts called for seasonal readings for most of next week. At the close of futures trading May had lost 2.3 cents to $2.126 and June had given up 1.1 cents to $2.259. May crude oil added 24 cents to $102.02/bbl.

Bidweek opened with the cash market advancing over a dime nationwide Monday with the strongest performers in southern California and the Northeast. Traders suggested a long approach to the Northeast cash market but acknowledged whether to buy index and sell physical or sell index and buy physical was a weather call. At the close of futures trading April had fallen 4.9 cents to $2.226 and May had slid 5.4 cents to $2.319. May crude oil gained 16 cents to $107.03/bbl.

Physical natural gas slipped about two cents nationwide Wednesday as weather forecasts continued to show moderation, and analysts were expecting the earliest start to the injection season since 2007. On average, eastern points were off about a penny and on the West Coast next-day deliveries shed two cents to a nickel. Bucking that trend was both the Henry Hub cash and futures markets. March physical deliveries at the Hub were up 2 cents to $2.21 and April natural gas futures added 2.5 cents to $2.360 at the close. May crude oil rose $1.20 to $107.27/bbl.

While 2009’s recessionary economy was credited for nationwide reductions in greenhouse gas (GHG) emissions, GHG emissions from power generating facilities were on the decline for another reason: greater reliance on natural gas-fueled plants, according to Harvard University researchers.

While 2009’s recessionary economy was credited for nationwide reductions in greenhouse gas (GHG) emissions, GHG emissions from power generating facilities were on the decline for another reason: greater reliance on natural gas-fueled plants, according to Harvard University researchers.

Prices for gas for Monday delivery fell an average of just over a penny nationwide Friday. Buyers in the Midwest reported a quiet market with Monday gas at NNG Demarcation falling just over three cents and gas at the Chicago citygates dropping slightly less than two cents. West Coast gas for the weekend and Monday softened amid the highest recorded flows on the newly opened Ruby pipeline.

Cash quotes nationwide showed nearly double-digit gains on Thursday, but little strength was seen at Gulf Coast points. Western prices firmed based on strength at AECO and prices rose at eastern pipelines.

Even before the 2008 nationwide economic recession, natural gas sales in Oregon had begun a slide that continued for at least two years, according to energy statistics for 2010 that were released Friday by the state’s Public Utility Commission (PUC).

As the oil and natural gas industry continues to lobby to keep its drilling subsidies, the American Petroleum Institute (API) has released a new study to show how the industry’s nationwide workforce positively impacts the United States by creating jobs and wages.