Thursday’s cash market featured mostly small moves up or down from flat. Although cooling trends were approaching in the Northeast, South and parts of the Midwest, really frigid weather is due to remain fairly scarce in North America outside central and western Canada. The previous day’s screen drop of 14.3 cents contributed to cash losses moderately outnumbering the gains.
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Residential, Commercial Natgas Demand Still Said Reliable
Weather-adjusted demand for natural gas in the United States has been on a downward trajectory over the past decade but the decline rate is small and residential and commercial consumption should continue to be a reliable core source of gas demand, according to research by Barclays Capital analysts.
Barclays: Residential, Commercial Natgas Demand Still Reliable
Weather-adjusted demand for natural gas in the United States has been on a downward trajectory over the past decade but the decline rate is small and residential and commercial consumption should continue to be a reliable core source of gas demand, according to research by Barclays Capital analysts.
Most Points Up Again, But Hints of Softness Appear
At first glance Thursday’s market looked similar to the one a day earlier: mostly small gains outweighing minor losses. However, there were fewer and smaller double-digit increases Thursday, while at the same time there were more and larger declines. The trend hinted at the possibility of cash numbers ending the week the same way they started, with softness dominant.
North Dakotans Called to Arms to Defend Fracking
Regulators in North Dakota are considering a lawsuit to block the U.S. Environmental Protection Agency (EPA) from regulating hydraulic fracturing (fracking) well stimulation. The state’s Industrial Commission might ask lawmakers for $1 million for the effort.
Few Points Left Out of Overall Advance
Price moves continued to be mixed Tuesday, but this time flat to higher numbers nearly overwhelmed the occasional small loss. Although any potential tropical threat was still remote, the previous day’s 2-cent futures uptick along with scattered moderate increases in both heating and cooling load were enough to firm quotes at nearly all points.
Prices Again See Small Gains at Nearly All Points
Prices continued to rise by mostly small amounts at a large majority of locations Thursday. There was no support from moderate weather in most regions, and the previous day’s prompt-month futures gain of 0.2 cent wasn’t much of a cash market booster. But the acceleration of Atlantic tropical activity — including Tropical Storm Nate possibly entering the Gulf of Mexico (GOM) production area — undoubtedly weighed on traders’ minds.
Most Quotes Drop a Bit; No ‘Hurricane Hype’
Although small losses were slightly dominant, a sizeable number of flat to modestly higher locations kept cash market movement mixed Monday. Most severely hot weather with triple-digit highs was still confined to the south-central and Southwest sections of the U.S., and although the South could expect to keep peaking in the low to mid 90s, that represented merely seasonal to slightly below-normal conditions for August.
Range Challenges Township’s Marcellus Drilling Ban
In a challenge that could have repercussions in small towns across Pennsylvania’s Marcellus Shale, Range Resources on Tuesday filed an appeal of South Fayette Township’s ban on drilling in conservation areas and all residential zones, including suburban communities and rural farmland.
MIT Offers Prospect of New Pipe Safety Tool
In today’s safety-sensitive time for the North American natural gas pipeline industry, a small measure of hope was raised Monday by researchers at the Massachusetts Institute of Technology (MIT) for a new tool to help detect pipeline problems before they arise. It involves the application of an existing MIT computer model that tests automobile components for crashworthiness.