Storm

GOM Oil, NatGas Shut-In Numbers Drop as Hurricane Hermine Moves Into Florida

Tensions eased in the Gulf of Mexico (GOM) Thursday, with shut-in numbers declining and workers preparing to head back to platforms, as Hermine, upgraded to hurricane status, made its long-awaited move toward the Florida coast.

September 1, 2016

Tropical Storm Hermine Stalled in GOM; 10.2 Bcf Remains Shut-In

Tropical Storm Hermine — upgraded from Tropical Depression Nine on Wednesday afternoon — was nearly immobile about 395 miles south-southwest of Apalachicola, FL, but forecasters expected it to begin moving to the northeast on Thursday.

August 31, 2016

Gains Expected to Be Short-Lived, Yet September Called 3 Cents Higher

September natural gas is set to open 3 cents higher Tuesday morning at $2.71 as weather forecasts again turned warmer and the tropical Atlantic added another storm. Overnight oil markets fell.

August 23, 2016

Despite Blizzard, Eastern Gains Can’t Match Broader Declines; Futures Barely Move

Natural gas for weekend and Monday delivery was little changed in Friday’s trading in spite of a dangerous blizzard bearing down on large eastern population centers.

January 22, 2016
Weekly NatGas Slides Despite Storm, While Futures Post Small Gain

Weekly NatGas Slides Despite Storm, While Futures Post Small Gain

Last week’s 40-cent weekly drop in spot futures proved prescient and this week it was the physical market’s turn to play catch-up. TheNGI Weekly Spot Gas Average fell 15 cents to $2.28 and futures carved out a modest gain. The week’s physical market losses came in spite of a massive week-ending blizzard forecast to crush eastern and Mid-Atlantic population centers.

January 22, 2016

‘Sustainable’ Price Rallies Not Seen, Analyst Says; October Called 2 Cents Higher

October natural gas is expected to open 2 cents higher Tuesday morning at $2.71 as traders factor in still-warmer temperature projections and lean toward a bullish posture. Overnight oil markets plummeted.

September 1, 2015

Production Gains Seen Trumping Weather; September Called 2 Cents Lower

September natural gas is set to open 2 cents lower Friday morning at $3.87 as weather forecasts moderate and traders expect production gains to ultimately dominate short-term weather developments. Overnight oil markets fell.

August 22, 2014

Load-Killing TS Arthur to Track East Coast; August Seen 3 Cents Lower

August natural gas is expected to open 3 cents lower Wednesday morning at $4.42 as traders factor in the likelihood of another voluminous storage report on Thursday along with the possibility of a demand-dampening storm impacting the East Coast. Overnight oil markets retreated.

July 2, 2014
New England Leads All Points Lower; Futures Firm on EIA Data

New England Leads All Points Lower; Futures Firm on EIA Data

Spot natural gas for Friday delivery continued to work lower in Thursday’s trading as the market was pressured by myriad forces. New England recorded the biggest drops as a warming trend was expected to bring Boston to above normal temperatures by the weekend, and the West Coast softened as the Pacific Northwest hydro situation improved.

March 6, 2014
Natural Gas Well Freeze-Offs Reported in Rockies, San Juan

Natural Gas Well Freeze-Offs Reported in Rockies, San Juan

Natural gas well freeze-offs in the Rocky Mountains and San Juan Basin on Thursday were estimated at about 0.5 Bcf/d, and pipeline operators continued to issue critical notices as Winter Storm Cleon delivered a deadly punch of snow and ice that eventually could stretch more than 1,000 miles from the Plains into Central Texas and east to the Ohio River Valley.

December 5, 2013