April natural gas futures suffered a double-digit loss Tuesday as bearish views on the market — which ranged from robust selling by short-term traders to abundant production — trumped those seeing a tighter storage dynamic firming prices. At the close April futures had retreated 16.4 cents to $3.873 and May natural gas had fallen 16.0 cents to $3.950. April crude oil surged $2.66 to $99.63/bbl as concern surfaced that Libyan unrest would spread to Saudi Arabia and Iran.
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‘Buyer’s Market’ for Gas in Southwest, Utility Exec Says
With a growing diversity of sources, robust supplies and recession-tempered demand, Southwest Gas Corp. is in a strong position to serve its 1.8 million customers spread around Nevada, Arizona and a sliver of the eastern part of Southern California. The only question plaguing Bill Moody, Southwest’s vice president for gas resources, is how long can the good life last?
Top North American Gas Marketers (Bcf/d)
Robust gas production and storage numbers, coupled with low prices, create a “volatile and tricky” gas market, analyst says. read more
Northwest Pipe, Storage Expansion Coming, NW Natural Says
With a more robust outlook in the Pacific Northwest than nationally, natural gas transmission pipeline and storage expansions are inevitable in coming years in the region, according to senior officials at NW Natural, speaking Friday on a third-quarter earnings conference call that reported a quarter-over-quarter loss for the Portland, OR-based gas-only distribution utility.
Storage Players Await Volatility’s Return
At the dawn of the shale age, “location, location, location” matters as much to natural gas storage projects as it ever did. But robust supplies from shales have helped deflate the New York Mercantile Exchange (Nymex) forward curve, leaving storage developers to ask, “Where did my spread go?”
Gas Storage Awaits Volatility’s Return
At the dawn of the shale age, “location, location, location” matters as much to natural gas storage projects as it ever did. But robust supplies from shales have helped deflate the New York Mercantile Exchange (Nymex) forward curve, leaving storage developers to ask, “Where did my spread go?”
Robust Economy Won’t Lift Gas Prices, Say Analysts
Even assuming “robust” economy-related demand for natural gas in 2011, it still looks ugly for prices through the coming year, Raymond James & Associates said Monday.
Oneok Partners Not Worried About an NGL Glut
The North American ethane story will continue to improve on the strength of robust natural gas liquids (NGL) production, particularly from liquids-rich gas shale plays that have become so popular with producers of late, according to executives at Oneok Partners LP.
Oneok Partners COO Not Worried About an NGL Glut
The North American ethane story will continue to improve on the strength of robust natural gas liquids (NGL) production, particularly from liquids-rich gas shale plays that have become so popular with producers of late, according to executives at Oneok Partners LP.
Futures, Heat Levels Boost Entire Cash Market
As expected, a strong rebound by July futures a day earlier and still-robust cooling load — despite some moderating weather trends from earlier in the week — pushed cash prices higher across the board Thursday.