Cash, Futures Trickle Lower; Gas Rig Count Drops for 11th Straight Week

Cooling the streak of price firmness exhibited on Monday and Tuesday, natural gas cash averages across the United States dropped for the second straight day on Friday as summer-like temperatures dominated much of the country and Thursday’s news of an early start to the storage injection season began to fully sink in.

March 26, 2012

Alberta Fluid Spill Spooks Authorities

A fountain of gas and oilfield fluid that left a dark streak on a central Alberta snowbank has prompted provincial authorities to warn industry against staining its record with hydraulic fracturing (fracking) technology imported from the United States.

January 30, 2012

Prices Mostly Soft as Negative Fundamentals Continue

Prices continued to fall at most points Friday as temperature forecasts remained relatively moderate for most areas in late August, a lengthy streak of futures weakness continued and there was still no threat to offshore production from Atlantic tropical activity.

August 30, 2010

Lack of Weather Load, Futures Keep Most Points Soft

Prices continued to fall at nearly all points Thursday as subpar temperatures for late August persisted in most areas and a losing streak by the futures market continued to negatively influence cash numbers.

August 27, 2010

Futures Quietly Creep Higher Ahead of Holiday, Expiration Week

After recording consecutive new lows on Wednesday and Thursday, the December natural gas futures contract on Friday halted the streak and pushed higher. The prompt-month contract — which terminates on Tuesday — recorded a high of $4.442 before closing Friday’s regular session at $4.424, up 8.2 cents from Thursday’s finish and 3.2 cents north of the previous week’s close.

November 23, 2009

Cash Falters After Four Days Higher

The streak of cash market up days was ended Friday at four as almost all points fell ahead of the Columbus Day weekend.

October 12, 2009

Cash Strength Narrows Gap with Futures

Adding to the week’s already strong run, cash points took the streak of unanimous gains to four on Thursday as physical gas prices for Friday gas delivery continued to close the gap with futures prices.

October 9, 2009

Storm Outlook, UNG Roll Softens Market; September Sheds 9.8 Cents

September natural gas futures stretched their losing streak to five for the week on Friday but relative to the economy-dependent crude oil market fared reasonably well.

August 17, 2009

Futures Move Higher on Smallish Storage Build Expectations

Traders kept the streak of gains alive on Wednesday as the August natural gas futures contract added 8.8 cents to close at $3.793 on expectations that the industry on Thursday morning will see its smallest storage injection since mid-April.

July 23, 2009

Futures Trickle Lower Despite Smallish Storage Injection Predictions

Keeping the week’s streak of lower closes intact, August natural gas futures — still faced with abysmal fundamentals — pushed lower on Wednesday to close at $3.795, down 4 cents on the day and 31 cents on the week.

July 2, 2009
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