May natural gas futures were unable to sustain Friday’s 13-cent advance and stumbled badly as weaker crude oil and equity markets set a negative tone to the day’s trading. Analysts see no reconciliation between plump production and recession-diminished demand for another two quarters and suggest things could get really grim if next winter is mild.
Stumbled
Articles from Stumbled
Futures Settle Below $8 on Fourth Consecutive Decline
After keeping its head above key psychological $8 support for most of Friday’s regular trading session, the February natural gas futures contract stumbled within the last half hour of trade to record a low of $7.990 before settling at $7.993, down 8.8 cents on the day and 21.7 cents lower than the previous week’s close.
ALJs Doubt TXU Plan to Cut Lignite Emissions
TXU Corp.’s ambitious plans for a build-out of coal-fired generation in Texas stumbled Wednesday when a pair of state administrative law judges (ALJs) recommended denial of an air emissions permit for a 1,600 MW plant in central Texas.
Futures Settle Marginally Lower Ahead of Weekend
After starting out just above the psychological $7 level, January natural gas futures stumbled lower throughout the day, thanks in part to sympathy with crude and heating oil, which made significant drops in Friday’s regular session.
Futures Settle Marginally Lower Ahead of Weekend
After starting out just above the psychological $7 level, January natural gas futures stumbled lower throughout the day, thanks in part to sympathy with crude and heating oil, which made significant drops in Friday’s regular session.
Salt Removal Stalls NE Storage
Once touted as a quick fix for peak demand in the Northeast,salt cavern storage has stumbled over the problem of what do withthe salt that is removed to make the cavern, which appears to beabout as popular as nuclear waste. At this point one project hasbeen delayed and two others appear to have stalled.
Salt Removal Stalls NE Storage
Once touted as a quick fix for peak demand in the Northeast,salt cavern storage has stumbled over the problem of what do withthe salt that is removed to make the cavern, which appears to beabout as popular as nuclear waste. At this point one project hasbeen delayed and two others appear to have stalled.