Great Lakes Advance; California Citygates Ease; Futures Gain

Physical natural gas prices on average gained a penny Tuesday with traders seeing no immediate need to make purchases during a holiday-muted trading week. Upper Midwest points added a couple of cents, and West Coast citygate prices were lower as forecasts of power demand were tempered. At the close, August futures were up 7.7 cents to $3.654 and September had added 7.8 cents to $3.651. August crude oil rose $1.61 to $99.60/bbl.

July 3, 2013

Experts Outline Foreign Policy Benefits of LNG Exports

U.S. exports could prevent India from getting supplies from Iran and give European buyers leverage on their Russian pipeline purchases, a subcommittee of the House Foreign Affairs Committee was told.

April 29, 2013

Northeast Leads Soft Weekend Pricing; Futures Ease Further

Physical natural gas for weekend and Monday deliveries fell nearly 8 cents Friday as traders were reluctant to make purchases given the large amount of gas available and limited demand in a number of areas.

October 29, 2012

Eastern Points Lead Decline; Futures Add A Nickel

Cash prices overall dropped an average 6 cents Friday as traders were reluctant to make purchases before a long holiday weekend when many locations were forecast to see load-dampening effects of the remnants of Isaac. California points were firm, Eastern points slumped, and Gulf locations were steady to lower. At the close of futures trading October had risen 5.1 cents to $2.799 and November was up by 4.4 cents to $2.963. October crude oil jumped $1.85 to $96.47/bbl.

September 4, 2012

Northeast Points Lead Trek Lower; $3.10 Futures In Sight

Overall cash market weakness of about a nickel was led by Northeast marketers anxious to unload what may have been some overzealous purchases for July. Points on Transwestern were also lower as a compressor station was expected to return to service. At the close of futures trading August was unchanged at $2.824 after opening about a nickel lower and September softened .01 cent to $2.832. August crude oil fell $1.21 to $83.75/bbl.

July 3, 2012

Outages, Imbalances Lift Cash Quotes; Futures Retreat

Physical gas prices rose about 4 cents overall Monday due to a combination of short-term outages, imbalances and a tendency to postpone purchases until Monday. Eastern points rose in nonuniform fashion, and California locations posted gains as operational issues surfaced at major entry points in the southern portions of the state. At the close of futures trading June had fallen 7.8 cents to $2.431 and July had shed 8.4 cents to $2.505. June crude oil dropped $1.35 to $94.78/bbl.

May 15, 2012

Midwest Points Post Nominal Declines As Northeast Plunges; Futures Soften

Physical prices for the long weekend and Monday tumbled in Thursday trading as buyers were reluctant to make purchases ahead of anticipated reduced industrial load. Midwest points showed relative strength, but Northeast locations recorded healthy drops as weather conditions were expected to remain at seasonal levels.

April 9, 2012

BP Discloses Bigger Eagle Ford Position

BP plc has accumulated close to 450,000 net acres in the the Eagle Ford Shale in South Texas, executives said Tuesday.

February 9, 2012

BG Group Raises Gulf Coast LNG Export Stake

A unit of BG Group plc has agreed to additional purchases of liquefied natural gas (LNG) from the proposed Sabine Pass Liquefaction LLC facility on the Gulf Coast, Sabine Liquefaction parent Cheniere Energy Partners LP said Thursday.

January 27, 2012

Gas Marketers Report Further Declines in 3Q2011

For the second consecutive quarter three of the top five natural gas marketers reported sales volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 127.06 Bcf/d in 3Q2011, an 8.54 Bcf/d (6%) decrease from the 135.60 Bcf/d they transacted in 3Q2010, according to NGI’s 3Q2011 Top North American Gas Marketers Ranking.

December 12, 2011
‹ Previous 1 2 3 7