The physical market gained on average more than 9 cents Monday with strength noted across the board, and not to be outdone spot futures posted the highest settlement since mid-December. Buyers winding up business for bidweek were not happy with recent market strength, but pointed to longer term forecasts showing what they believed would be cooler temperatures in September and October.
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Bipartisan Senate Gas Caucus in the Offing
Not to be outdone by their House counterparts, Sens. Mary Landrieu (D-LA) and Saxby Chambliss (R-GA) are working to establish a natural gas caucus in the Senate, a Landrieu spokesman said.
The Line for Cap-and-Trade Bandwagons Forms to the Right — or Left
If you missed the last bandwagon, stick around; there will be another one coming along soon. Not to be outdone by health care reform friends and foes, energy companies and environmentalists are going on the road with the aim of staging as many rallies as possible in Congressional home districts during the August recess, aiming to influence votes in September. It’s the populist revolution and everyone’s in the game.
The Line for Cap-and-Trade Bandwagons Forms to the Right — or Left
If you missed the last bandwagon, stick around; there will be another one coming along soon. Not to be outdone by health care reform friends and foes, energy companies and environmentalists are going on the road with the aim of staging as many rallies as possible in Congressional home districts during the August recess, aiming to influence votes in September. It’s the populist revolution and everyone’s in the game.
Nymex Posts Electronic, Overall Exchange Volume Increases in February
Not to be outdone by the IntercontinentalExchange (ICE) announcement last week that it posted new volume and commission records during February, the New York Mercantile Exchange (Nymex) reported last week that exchange-wide volumes during February were up over February 2006 levels and that electronic trading of its contracts through the Chicago Mercantile Exchange’s (CME) Globex system is enjoying “significant increases.” The dueling announcements from Nymex and ICE brought on a little bout of deja vu from early February, when both companies touted record January volumes (see NGI, Feb. 12).
Nymex Posts Electronic, Overall Exchange Volume Increases in February
Not to be outdone by the IntercontinentalExchange (ICE) announcement last week that it posted new volume and commission records during February, the New York Mercantile Exchange (Nymex) reported Monday that exchange-wide volumes during February were up over February 2006 levels and that electronic trading of its contracts through the Chicago Mercantile Exchange’s (CME) Globex system is enjoying “significant increases.” The dueling announcements from Nymex and ICE brought on a little bout of deja vu from early February, when both companies touted record January volumes (see Daily GPI, Feb. 6).
Tropical Storm Erika Claims At Least 135 MMcf/d Friday
Not to be outdone by the widespread blackouts experienced in the Northeast, Texas was bracing for what could become Hurricane Erika touching down in Brownsville, TX. At presstime Friday evening, the National Hurricane Center (NHC) expected Tropical Storm Erika to make landfall in South Texas and Northeastern Mexico as a hurricane.
Altra Throws TransEnergy Into Its Shopping Cart
Not to be outdone by its integrated energy industry brethren,the energy transaction software industry is also conducting itsfair share of consolidation. Altra Energy announced its third majoracquisition of the year last Monday, as the Houston-based softwareprovider entered into a definitive agreement to purchaseTransEnergy. Terms of the deal between the two private companieswere not disclosed, but Paul Bourke, Altra’s CEO, said the combinedcompany’s annual revenue will grow into the $50 to $100 millionrange.
Altra Throws TransEnergy into Shopping Cart
Not to be outdone by its integrated energy industry brethren,the energy transaction software industry is also encountering itsfair share of consolidation. Altra Energy announced its third majoracquisition of the year Monday, as the Houston-based softwareprovider entered into a definitive agreement to purchaseTransEnergy. Terms of the agreement between the two privatecompanies were not disclosed, but Paul Bourke, Altra’s CEO, saidthe combined company’s annual revenue will grow into the $50 to$100 million range.