Northeast Leads Broad Advance; Futures Post New 20-Month High

Cash prices averaged about a nickel higher Thursday as cooler weather and higher prompt power prices kept the market well bid. Northeast points led the march higher with double-digit gains, but the move higher was broad and pervasive.

April 12, 2013

Dramatic North American Energy Shift Eyed

Natural gas and oil liquids are expected to expand globally, U.S. energy imports will continue declining and a reordering of the fossil fuel mix in North America will prompt a rethinking of domestic energy policy, according to the authors of a study due out later this summer.

July 19, 2012

E&Ps to Slash Dry Gas Capex, Moody’s Says

Continuing low prices, which have resulted in large part from an oversupply of natural gas, will prompt exploration and production (E&P) companies to cut dry gas capital expenditures (capex) by nearly 40% this year, Moody’s Investors Service said Friday.

February 22, 2012

Most Cash Points Firm; Futures Traders Ponder Market Bottom

Cash prices on Friday rose throughout the country except for in the Northeast following Thursday’s strength in futures, but the March contract eased as the market couldn’t shake the stranglehold of moderate weather and plump storage.

February 6, 2012

Freefall? February Dives to 10-Year Winter Low

Prompt-month natural gas futures plunged to the lowest point in 28 months and lowest winter-month point in 10 years Wednesday as unrelenting warmer-than-normal forecasts across important eastern and Midwest energy markets forced traders to anticipate continued growth in an already burdensome storage surplus. At the close of trading February settled down 16.7 cents at $2.774 and March had fallen 16.7 cents as well to $2.803. February crude oil shed $1.37 to $100.87/bbl.

January 12, 2012

Futures, Limited Cold Boost Prices at Most Points

With some help from a 13.3-cent gain Friday in the prompt-month debut by April futures and colder forecasts for most territory east of the Mississippi River, prices firmed at nearly all points Monday. The restoration of industrial load following its usual weekend decline also contributed to the overall advance.

March 1, 2011

Futures Inch Lower as Forecast Moderates

After a wild week of ups and downs as January futures traded between $4.328 and $4.637, traders on Friday took a bit of a break as the prompt-month contract traded in a tighter range and ended up closing the regular session at $4.417, down 1.8 cents from Thursday’s finish but 6.8 cents higher than the previous week’s close.

December 13, 2010

Futures Continue Lower as Cold Is Already Factored In

Feeding off Monday’s 18.9-cent decline, January natural gas futures continued to plumb lower price levels on Tuesday. The prompt-month contract reached a low of $4.126 before closing the regular session at $4.180, down 3 cents from Monday’s finish.

December 1, 2010

Many Areas Chilly, and Most Prices Up as a Result

Rising prices grew even more prominent in the market Wednesday as enough regions are starting to feel enough early-autumn chill to prompt noticeable heating load. It isn’t much yet, as overnight lows in the 40s and 50s remain the most common temperature depths, but abetted by a prior-day gain of 1.6 cents by November futures it was sufficient to drive most points higher by generally small amounts.

October 7, 2010

Limited Heat Softens Prices at Nearly All Points

The previous day’s dime drop by prompt-month futures combined with relatively moderate peak temperatures in several market areas to cause price declines at a large majority of locations Tuesday.

August 18, 2010
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