Remained

Forecasts of peak temperatures remained on either side of 90 in the South, Northeast and Midwest, and they were even destined to reach the mid to upper 90s Tuesday in the Rockies. Cash traders shrugged their shoulders, however, and instead noted the previous Friday’s 6.3-cent drop by August futures and the weekend fade of any tropical storm threat to Gulf of Mexico output in sending prices slightly lower at most locations Monday.

Since weather-based demand remained light to nonexistent for the weekend in most areas, price increases in a large majority of the cash market Friday could only be attributed to the previous day’s 17.3-cent futures rise following a moderately below-expectations storage injection report.

Since weather-based demand remained light to nonexistent for the weekend in most areas, price increases in a large majority of the cash market Friday could only be attributed to the previous day’s 17.3-cent futures rise following a moderately below-expectations storage injection report.

Natural gas futures dropped a second consecutive day on Wednesday but some veteran market watchers remained unimpressed, noting that they believe the near-term bottom to the market at $3.810 was recorded last Thursday.

Natural gas futures dropped a second consecutive day on Wednesday but some veteran market watchers remained unimpressed, noting that they believe the near-term bottom to the market at $3.810 was recorded last Thursday.

Rockies Express (REX) said Tuesday that a force majeure declared Nov. 14 east of Chandlersville Compressor Station remained in effect. However, it expected to restore partial service Wednesday in the section from near Chandlersville to its eastern terminus in Clarington, OH (Segment 390). The segment will initially be returned to service at about 88% of contracted capacity in effect prior to the force majeure event, REX said; this limitation is expected to stay in effect for less than two weeks. Starting with Wednesday gas day, the limited delivery capacity will become available at the following Clarington-area interconnects: Tennessee Guernsey, Dominion Noble, Dominion Clarington, TETCO [Texas Eastern] Clarington and E OH Gas [East Ohio Gas] Clarington.

Rockies Express (REX) said Tuesday that a force majeure declared Nov. 14 east of Chandlersville Compressor Station remained in effect. However, it expected to restore partial service Wednesday in the section from near Chandlersville to its eastern terminus in Clarington, OH (Segment 390). The segment will initially be returned to service at about 88% of contracted capacity in effect prior to the force majeure event, REX said; this limitation is expected to stay in effect for less than two weeks. Starting with Wednesday gas day, the limited delivery capacity will become available at the following Clarington-area interconnects: Tennessee Guernsey, Dominion Noble, Dominion Clarington, TETCO [Texas Eastern] Clarington and E OH Gas [East Ohio Gas] Clarington.

San Diego-based Sempra Energy remained tight-lipped Wednesday about reports that JPMorgan Chase is now the exclusive bidder for the Royal Bank of Scotland’s (RBS) 51% share of its trading joint venture with a unit of Sempra. The price remains close to $4 billion for the unit, which trades energy, metals and other commodities through RBS Sempra Commodities, according to reports by news service Reuters.

Near-flat pricing prevailed Wednesday as generally moderate weather continued to dominate the outlook but some below-freezing lows remained in the northern forecasts. Slightly softer numbers were again in the majority, but losses were much smaller than a day earlier and nearly balanced by flat to higher quotes.