After climbing by $1.018 in Wednesday’s market-shocking regular session, January natural gas futures aimed to take some of that excess back in trading on Monday.
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Futures Plummet Following Wednesday’s Surprise Rally
After climbing by $1.018 in Wednesday’s market-shocking regular session, January natural gas futures aimed to take some of that excess back in trading on Monday.
Futures Up 16 Cents on Heating Oil Sympathy
After finding support as low as $7.04 and $7.05 numerous times during the regular session, December natural gas futures in the afternoon decided to test the upside instead. With market watchers eagerly awaiting confirmation of the first natural gas storage withdrawal of the season, the prompt month squeezed higher to settle at $7.283, up 15.9 cents for the day.
Futures Up 16 Cents on Heating Oil Sympathy
After finding support as low as $7.04 and $7.05 numerous times during the regular session, December natural gas futures in the afternoon decided to test the upside instead. With market watchers eagerly awaiting confirmation of the first natural gas storage withdrawal of the season, the prompt month squeezed higher to settle at $7.283, up 15.9 cents for the day.
Futures Reverse Tuesday’s Slide as Storage Report Looms
After plunging in Tuesday’s regular session and then again in overnight Access trade to a $6.425 bottom, November natural gas futures on Wednesday reversed course eventually settling up 21.5 cents at $6.851. The up-move corresponded with a similar rebound in crude oil futures, which fell $1.13 on Tuesday and then rallied Wednesday to gain exactly $1.13 back, settling at $53.64.
Futures Test $5 Mark as September Expires
After trading within the $5.12-5.18 range for a majority of the day, September natural gas futures used the final half hour of the regular trading session to make another run at the psychological $5 mark before expiration.
Cheyenne Plains, TransColorado, Tractebel’s Calypso Pipeline Plans Get Green Light
In a busy regular meeting last Wednesday, FERC awarded certificates to two Rocky Mountain gas pipeline projects and a pipeline to a proposed LNG terminal in the Bahamas (see related story). The Commission also asserted “exclusive jurisdiction” over the “siting, construction and operation” of an LNG project that Sound Energy Solutions (SES), a U.S. subsidiary of Japan’s Mitsubishi Corp., is planning to build in the Port of Long Beach, CA (see related story).
Cheyenne Plains, TransColorado, Tractebel’s Calypso Pipeline Plans Get Green Light
In a busy regular meeting Wednesday, FERC awarded certificates to two Rocky Mountain gas pipeline projects and a pipeline to a proposed LNG terminal in the Bahamas. The Commission also asserted “exclusive jurisdiction” over the “siting, construction and operation” of an LNG project that Sound Energy Solutions (SES), a U.S. subsidiary of Japan’s Mitsubishi Corp., is planning to build in the Port of Long Beach, CA (see related story).
Kinder Morgan’s Cheyenne Market Center Project Gets FERC Certificate
In a draft order at FERC’s regular meeting Wednesday, the Commission issued a certificate for Kinder Morgan Interstate Gas to add six new compressor stations to its pipeline system to increase firm transportation capacity between the Cheyenne Hub in Wells County, CO, and its Huntsman storage field in Cheyenne County, NB.
Kinder Morgan’s Cheyenne Market Center Project Gets FERC Certificate
In a draft order at FERC’s regular meeting Wednesday, the Commission issued a certificate for Kinder Morgan Interstate Gas to add six new compressor stations to its pipeline system to increase firm transportation capacity between the Cheyenne Hub in Wells County, CO, and its Huntsman storage field in Cheyenne County, NB.