Resulting

The natural gas market is in “good shape” as it heads into the 2010-2011 winter heating season due to the influx of shale gas, which has reshaped the industry, and the addition of new pipeline capacity to access the lower-priced supplies, said a FERC analyst Thursday.

BP plc on Thursday said the Deepwater Horizon rig explosion and Macondo well blowout had spurred innovation and collaboration, resulting in new technology that will provide ways to deal with future offshore disasters.

BP plc on Thursday said the Deepwater Horizon rig explosion and Macondo well blowout had spurred innovation and collaboration, resulting in new technology that will provide ways to deal with future offshore disasters.

September natural gas futures managed to gain ground Thursday as a somewhat supportive inventory report brought buyers off the bench, and the resulting price response began to frame a positive technical picture.

Natural gas futures bulls were repelled by resistance at $5.192 once again on Monday, resulting in the July contract retreating to close at $4.873, down 12.4 cents. The July contract has now failed that resistance test five out of the last six days, which oddly enough offers encouragement to both the market’s bulls and bears.

As natural gas producers continue to turn their efforts to high-Btu gas shale plays, it remains to be seen whether the resulting production growth of natural gas liquids (NGL) can be accommodated by existing and planned processing and fractionation capacity, not to mention demand from the petrochemical industry.

As natural gas producers continue to turn their efforts to high-Btu gas shale plays, it remains to be seen whether the resulting production growth of natural gas liquids (NGL) can be accommodated by existing and planned processing and fractionation capacity, not to mention demand from the petrochemical industry.

After reaching a two-month high for the spot contract on Tuesday at $4.494, the resulting tumble that began Tuesday afternoon spilled over into Wednesday’s regular trading session as June futures plummeted 18.4 cents to close at $4.158.

After having some impact on cash deals done on Thursday, the bearish natural gas storage report and the resulting decline natural gas futures values helped lead the cash market to no change or lower on Friday at all U.S. points. A few Canadian points ticked higher a couple of pennies, potentially due to the outage of the Sable Offshore Energy Project.