Plunge

NatGas Forwards Plunge as End-of-Month Cold Unlikely

NatGas Forwards Plunge as End-of-Month Cold Unlikely

There was no spectacular fireworks show for natural gas forwards markets the first week of the new year as bleak prospects for cold weather later this month sent the February prompt month barreling down an average of 56 cents between Dec. 30 and Jan. 5, according to NGI Forward Look.

January 6, 2017
Baker Hughes Forecasting 30% Plunge in North American Rig Count Before Stabilizing

Baker Hughes Forecasting 30% Plunge in North American Rig Count Before Stabilizing

Baker Hughes Inc. expects the North American rig count will “begin to stabilize” in the second half of this year, but things are expected to get worse before they get better, CEO Martin Craighead said Wednesday.

April 27, 2016
Baker Hughes Forecasting 30% Plunge in North American Rig Count Before Stabilizing

Baker Hughes Forecasting 30% Plunge in North American Rig Count Before Stabilizing

Baker Hughes Inc. expects the North American rig count will “begin to stabilize” in the second half of this year, but things are expected to get worse before they get better, CEO Martin Craighead said Wednesday.

April 27, 2016

Midwest Strength Counters Rockies Weakness; Futures Hold $4

Prices for Monday gas rose a nickel on average and market strength was most apparent at Midwest points as temperatures were forecast to plunge over the long weekend. Midwest strength was largely countered by weakness in the Gulf Coast and Rockies.

April 1, 2013

Feedstock Demand for NGLs Still Strong, Say Executives

The plunge in oil prices in recent months hasn’t begun to pressure North American chemical producers to shift their feedstocks from natural gas liquids (NGL) products, according to midstream and chemical company executives.

August 15, 2011

NGL Demand for Feedstocks Still Strong, Say Executives

The plunge in oil prices in recent months hasn’t begun to pressure North American chemical producers to shift their feedstocks from natural gas liquids (NGL) products, according to midstream and chemical company executives.

August 15, 2011

Bullish Storage Report Ignored; March Slides Below $4

March natural gas futures Thursday took the plunge below the psychologically important $4 support level and couldn’t recover, possibly dooming the market to a prolonged period of sub-$4 prices.

February 11, 2011

Some Northeast Quotes Still Soaring; Most Prices Lower

Forecasts of a plunge of arctic cold from Canada into the U.S. Midwest and Northeast failed to prevent a decline of spot prices at most points Tuesday.

December 15, 2010

Corridor Perplexed by New Brunswick Shale Results

Canada’s Corridor Resources Inc. saw its stock plunge last week after reporting “unexpected and perplexing” results from a shale gas appraisal program in New Brunswick.

December 13, 2010

Mild Temps, Screen Dive Push All Points Lower

Moderate to cool conditions were still dominating the overall forecasts, and as a couple of sources had pointed out, Thursday’s 24.8-cent screen plunge “practically guaranteed” lower prices Friday. They were correct as quotes fell across the board from about C5 cents to 30 cents or so; all drops were in double digits except for those at Empress and NOVA Inventory Transfer in Western Canada.

October 11, 2010
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