Economic recovery and hot weather in the Gulf Coast and Southeast regions could boost power demand enough to consume about half of the gas that Barclays Capital analysts had expected to go to coal-fired power generation displacement this year during storage injection season, the firm said Wednesday.
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Small Gains Dominate Near-Flat Market
Forecasts of high temperatures on either side of 90 in many regions and even greater in the South, Midcontinent and parts of the West revived the spot market by generally small amounts Thursday. A tropical wave was still too close to West Africa to be a factor, but the previous day’s 4.8-cent futures drop had essentially no impact as a negative guide for cash prices.
Price Increases Continue at Nearly All Points
Marginal increases in temperature forecasts in several regions kept prices rising at nearly all points Tuesday. Otherwise, fundamentals such as slight prior-day futures weakness and the lack of any Atlantic tropical activity argued against any continued market firmness.
Cash Climbs as Traders See Physical-Financial Battle
The natural gas market made it four in a row Thursday as prior-day screen support and chilly temperatures in a number of regions around the country led to cash point increases at a vast majority of locations.
Market Bows to Mild Weather; Softness Dominates
Several flat to about a nickel higher points in various regions managed to escape the overall moderate softness that enveloped the market Tuesday. The previous day’s half-penny advance by May futures did nothing to influence cash numbers, so the physical market finally had to acknowledge that advances in the past few days were made with essentially no support from weather fundamentals.
Market Bows to Mild Weather; Softness Dominates
Several flat to about a nickel higher points in various regions managed to escape the overall moderate softness that enveloped the market Tuesday. The previous day’s half-penny advance by May futures did nothing to influence cash numbers, so the physical market finally had to acknowledge that advances in the past few days were made with essentially no support from weather fundamentals.
Warm-Up Brings More Futures Bears Out of Hibernation
With many regions of the United States greeting warmer-than-normal temperatures over the last few days, traders came to work Monday with a little bit of spring fever as April natural gas futures continued to probe new lows in the larger move downward.
Warm-Up Brings More Futures Bears Out of Hibernation
With many regions of the United States greeting warmer-than-normal temperatures over the last few days, traders came to work Monday with a little bit of spring fever as April natural gas futures continued to probe new lows in the larger move downward.
Gas vs. Coal: Grudge Match Set This Summer
Natural gas-fired power plants will likely give coal-fired generators some time off this summer, at least in some regions of the country, as coal and gas are set to fight for market share for a second year in a row and coal will help define gas prices for a portion of the year, analysts at Barclays Capital said last week.
Analysts Predict Gas Will Score Again on Coal This Summer
Natural gas-fired power plants will likely give coal-fired generators some time off this summer, at least in some regions of the country, as coal and gas are set to fight for market share for a second year in a row and coal will help define gas prices for a portion of the year, analysts at Barclays Capital said Tuesday.