With some of the regions hardest hit by severe wintry weather last week getting a breathing spell during the weekend before the next onslaught is predicted to start early this week — and a long holiday weekend contributing its extra interruption of industrial load — prices fell at nearly all points Friday. The previous day’s 10.4-cent increase by March futures apparently had little impact on the cash market.
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Unfazed by Cold, Traders Push Futures Lower
Traders on Tuesday continued to look past the current cold and stormy spell that is dominating the eastern half of the United States as the March natural gas futures contract continued to probe lower values. The prompt-month contract reached a low of $5.262 before closing the day’s regular session at $5.290, down 11.1 cents from Monday’s finish.
Unfazed by Cold, Traders Push Futures Lower
Traders on Tuesday continued to look past the current cold and stormy spell that is dominating the eastern half of the United States as the March natural gas futures contract continued to probe lower values. The prompt-month contract reached a low of $5.262 before closing the day’s regular session at $5.290, down 11.1 cents from Monday’s finish.
Ethanol Production Decline, Comeback Impacts Natural Gas Demand
Firing up some of the currently idled ethanol plants in the not-too-distant future could spell an increase in natural gas demand just as the results of the lower rig count begin to show up in declining natural gas production, according to an analysis from Newedge, a global brokerage firm.
Ethanol Production Decline, Comeback Impacts Natural Gas Demand
Firing up some of the currently idled ethanol plants in the not-too-distant future could spell an increase in natural gas demand just as the results of the lower rig count begin to show up in declining natural gas production, according to an analysis from Newedge, a global brokerage firm.
Mixed Pricing Mostly Higher Due to Eastern Cold
Mixed price movement continued Thursday, but this time gains outweighed losses as an eastern cold spell expanded into the South and had lows diving into the 30s or lower Friday in the Midwest and Northeast. Softness was most prevalent in the West, where available supply continued to overwhelm demand and transport capacity.
Much of Mixed Market Near Flat; Rockies Rebound
With the worst of the current cold spell receding to past tense in northern market areas and the South starting to return to more seasonal temperatures for the first half of April, most of Tuesday’s market was mixed and in the vicinity of flat in many cases. Moderate gains appeared to slightly outweigh small losses.
Bullish Fundamentals Longer Term to Drive Energy Shares Up — Raymond James
Oil and natural gas prices have been down in recent weeks on mild winter weather, which could spell an earlier-than-normal end to the seasonal strength that historically carries energy stocks through April. However, bullish fundamentals longer term will ultimately drive company shares higher in 2006, Raymond James analysts said in a report Monday.
Price Gains Continue, But in Smaller Amounts
The cold spell currently enveloping Canada and most of the U.S. again propelled the spot market higher Thursday, but the advances were considerably smaller than the previous day’s spikes and were interspersed with flat to moderately lower numbers at a few points in the Gulf Coast and Midcontinent.
Language in Highway Bill Could Block Weaver’s Cove LNG Project
Seven lines of text added by Rep. Jim McGovern (D-MA) to the Transportation Authorization Bill, which President Bush is expected to sign on Wednesday, could spell doom for the proposed Weaver’s Cove LNG import terminal in Fall River, MA.