December natural gas made its debut as the spot futures contract by bounding higher Friday as traders cited the inevitability of weather-generated demand, and follow-the-leader-like buying as prices moved higher on heavy volume. At the close December had gained 15.9 cents to $3.923 and January was up 14.6 cents to $4.042. December crude oil digested a portion of Thursday’s large gains and settled 64 cents lower at $93.32/bbl.
Spot
Articles from Spot
BC Shale Canada’s ‘Bright Spot,’ Report Says
Shale gas prospects in British Columbia (BC) appear to be the sole “bright spot” on a darkening natural gas landscape projecting a continuing decline in Canada’s overall gas production in the years ahead, according to a report recently released by the Conference Board of Canada.
October 4, 2011
Natural Gas on ‘Back Burner;’ Traders Look Elsewhere
October natural gas drifted lower as traders diverted much of their attention to other markets. Volume was light and spot October was limited to a 6-cent range. At the close October had eased 0.4 cent to $3.701 and November had shaved 1.6 cents to $3.766. November crude oil fell 66 cents to $79.85/bbl while carving out a trading range of more than a $4. The Dow Jones Industrial Average rose 38 points to 10,771.
September 26, 2011
Global Gas Glut Could Be Gone by 2012, Analyst Says
A current worldwide oversupply of natural gas may dissipate as early as the winter of 2012, leading to the potential for spot prices higher than contract prices in Asia and Europe, according to analysts at Wood Mackenzie.
June 27, 2011
Global Gas Glut Could Be Gone by 2012, Analyst Says
A current worldwide oversupply of natural gas may dissipate as early as the winter of 2012, leading to the potential for spot prices higher than contract prices in Asia and Europe, according to analysts at Wood Mackenzie.
June 23, 2011
Screen, Some Bullish Weather Boost Most Points
Spot prices saved their best for last — at least in the viewpoint of bullish traders — by making the strongest gains of last week virtually across the board on Friday. A large futures uptick a day earlier combined with increasing weather-based load in some areas to support the physical market.
May 2, 2011
Heating Load Sufficient for Gains to Dominate
The spot market showed some signs of returning strength as advances that were concentrated occurred in the West and Northeast outnumbered losses Tuesday, with flat numbers again in vogue. This came a day after a large majority of points softened.
April 6, 2011
S&P: ‘Best of Times’ for Gas in Generation Market
As a result of the abundant, lower-priced shale gas resources being developed in the U.S., coal is in danger of losing its No. 1 spot in the power generation market — permanently, Standard & Poor’s (S&P) said in a report released last Monday.
February 7, 2011
Shale Development Gives Gas Bigger Slice of Coal Market
As a result of the abundant, lower-priced natural gas shale resources being developed, coal is in danger of losing its No. 1 spot in the power generation market — permanently, Standard & Poor’s (S&P) said in a recent report.
February 3, 2011
Winter Storm Bolsters Most Points; Low Linepack Common
Frigid temperatures and frozen precipitation extending into nearly all sections of the U.S. and Canada caused spot prices to rise at all locations except three in Western Canada Wednesday.
February 3, 2011
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