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Robust gas production and storage numbers, coupled with low prices, create a “volatile and tricky” gas market, analyst says. read more

Despite a decline in the survey’s top spot, overall natural gas marketing was up 6.2% year over year. read more

In the April 27 issue the story “EIA’s Production Estimates Get a Face-Lift” (see Daily GPI, April 27), the first paragraph should read: “The latest natural gas production data due out April 29 from the Energy Information Administration (EIA)…” correcting the date. Also in the fifth paragraph the date of the announcement should be April 29.

In the April 27 issue the story “EIA’s Production Estimates Get a Face-Lift” (see Daily GPI, April 27), the first paragraph should read: “The latest natural gas production data due out April 29 from the Energy Information Administration (EIA)…” correcting the date. Also in the fifth paragraph the date of the announcement should be April 29.

Third quarter earnings for commodity exchange heavyweights and rivals IntercontinentalExchange Inc. (ICE) and CME Group Inc. read like A Tale of Two Cities with ICE recording a 12% jump and CME Group posting a 16% drop in net incomes when compared to the companies’ respective 3Q2007 results. Likewise, ICE says it saw trading volumes rise in 3Q2008 over 3Q2007, while CME Group reported a small decline.

Third quarter earnings for commodity exchange heavyweights and rivals IntercontinentalExchange Inc. (ICE) and CME Group Inc. read like A Tale of Two Cities with ICE recording a 12% jump and CME Group posting a 16% drop in net incomes when compared to the companies’ respective 3Q2007 results. Likewise, ICE says it saw trading volumes rise in 3Q2008 over 3Q2007, while CME Group reported a small decline.

The cash and natural gas futures markets read like a”A Tale of Two Cities” Wednesday as most cash points dropped while the April futures contract staged a quarter rally to close at $7.160. Moderating temperatures expected to swoop in for the remainder of the week allowed the Northeast to record declines ranging from just shy of a nickel to 43 cents, the latter of which was recorded by Dracut putting gas for delivery on Thursday at that location at $7.18.

R.W. Beck’s second quarter gas price forecast could give bulls something to smile about, but bears might prefer to read a recent note from Citigroup’s futures research department.

R.W. Beck’s second quarter gas price forecast could give bulls something to smile about, but bears might prefer to read the latest from Citigroup’s futures research department.