Although fundamentals seemed to be ignored in Tuesday’s mostlysofter market, traders apparently got a wake-up call Wednesday tothe fact that temperatures remained near or below freezing innearly all areas outside the desert Southwest and were expected tostay that way through the end of 2000. The result was largeWednesday advances at nearly all pricing points, with a few gainsexceeding a dollar.
Softer
Articles from Softer
Most Points Moderately Softer, and A Few Manage Gains
The cash market both calmed down and went further down in mostcases in Thursday’s activity. A majority of points ranged from flatto about 30 cents lower. The notable exceptions were declines ofabout 40 cents or more in California and Transco/Texas Easterncitygates in the Northeast, and on the opposite side of the coinwere gains in the Pacific Northwest and on some Rockies pipes.
December 15, 2000
Cal Border Up to $53, But Most of Market Softer
As one source had predicted, it didn’t take long for the spot pricerecord to be broken again (see Daily GPI, Dec. 7). Despite softness at nearly allother points, the Southern California border kept zooming higherThursday to lift the price bar again to a peak of $53. “Now that’swhat I call breaking a record!” exclaimed a marketer, noting that itexceeded Wednesday’s previous record of $41 by a full $12.
December 8, 2000
Aftermarket Begins as Anticipated: Much Softer
The November aftermarket failed to surprise anyone by startingout Tuesday generally well below monthly indexes andlast-of-October prices. Only the Southern California border andMalin managed to stay close to bidweek levels.
November 1, 2000
In Concert with Oil, Gas Futures Funnel Lower into Bidweek
Amid easing concerns over a heating oil crisis this winter andsofter crude oil prices, natural gas futures were lower for thethird session in a row Friday as longs headed for the exits aheadof the weekend.
September 25, 2000
Helene Impact Small; CA Dips Lead Mostly Softer Market
Despite snow in Calgary and modest disruptions of Gulf of Mexicosupplies by Tropical Storm Helene, nearly all points softened a bitThursday, with most of the declines less than a dime. Californianumbers took the biggest hits of more than 20 cents, while tradersof Canadian gas at Aeco, Sumas and Stanfield saw flat to slightlyhigher pricing.
September 22, 2000
Holiday Prices Mostly Softer But With Some Increases
The cash market went quietly into the Labor Day weekend Friday,registering prices that ranged from flat to down about a dime inmost cases, but sprinkled with scattered upticks (concentrated inthe West) and a Southern California border crash to break up thepattern.
September 5, 2000
Price Dive Continues; SoCal Border Basis Skyrockets
The demise of Debby, softer futures and just not enough summerheat to really matter kept the cash market on a slide Thursday asalmost all points plunged by about 20 cents or more. Predictably,however, the smallest declines were registered by California as ananticipated reopening of one line at Pecos River Station on ElPaso’s southern branch failed to materialize due to a regulatoryfiat.
August 25, 2000
East Hints at Price Rally, While West Mostly Softer
Most of the East was flat to slightly higher Tuesday, although afew points registered gains of more than a nickel. But westernprices softened by as much as a dime despite a continuation ofpower shortages in California.
August 2, 2000
Prices Slightly Softer Except for Big PG&E Citygate Dip
This week’s price slide almost, but not quite, came to a haltWednesday. Some points were flat and a few managed small upticks,but those were outweighed by small declines that only rarelysurpassed a nickel.
July 27, 2000
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