Supporting

Sen. Bernie Sanders (I-VT) has placed a “hold” on the nomination of Gary Gensler for chairman of the Commodity Futures Trading Commission (CFTC), citing his record of supporting trading initiatives that led to failed results.

Sen. Bernie Sanders (I-VT) has placed a “hold” on the nomination of Gary Gensler for chairman of the Commodity Futures Trading Commission (CFTC), citing his record of supporting trading initiatives that led to failed results.

Natural gas bulls had their way Wednesday as there was no lack of price-supporting news running around the market. The May natural gas futures contract notched a $10.100 high on the day before closing at $10.056, up 35.9 cents from Tuesday’s close.

One of four members of the Clatsop County (OR) Commission who is supporting a land-use change for a proposed liquefied natural gas (LNG) terminal along the Columbia River was recalled by local voters Tuesday by a 2-1 margin.

Tennessee declared a force majeure event Friday for Compressor Station 249 in Carlisle, NY, due to the necessity of performing emergency repairs to the foundation supporting the frame of Unit 1A. If left unrepaired, this issue could result in a loss of mechanical integrity of the unit and/or a major failure resulting in an extended outage, Tennessee said. It expected to complete the repairs in seven days. Tennessee anticipates potential restrictions through a pro rata portion of Secondary in the Path nominations through Station 249 and said additional constraints may become necessary.

Supporting data released by independent energy analysts in recent weeks, the Energy Information Administration (EIA) blamed the inactive hurricane season, high storage inventories and mild summer weather for the sequential decline in natural gas prices in May, June and July.

Supporting data released by independent energy analysts in recent weeks, the Energy Information Administration (EIA) Tuesday blamed the inactive hurricane season, high storage inventories and mild summer weather for the sequential decline in natural gas prices in May, June and July.

Prospects for construction of Canada’s Mackenzie Valley pipeline continue to recede as the federal government lays out conditions for supporting the pioneer arctic natural gas development with favorable financial terms.

Prospects for construction of Canada’s Mackenzie Valley pipeline continue to recede as the federal government lays out conditions for supporting the pioneer arctic natural gas development with favorable financial terms.