Though forecasts of seasonal springtime temperatures remain the norm for most areas, the cash market was able to find enough traction in weather-based demand to rise at all points Wednesday. It also derived support from the run-up of 6.8 cents in Tuesday’s expiration-day trading of May futures.
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Colorado Republicans Swipe at Ritter for Enacting Drilling Revisions
Opponents of Colorado’s revamped natural gas and oil drilling rules on Wednesday took a swipe at Gov. Bill Ritter for officially signing the rules into law — even though they would have taken effect without his signature.
WSI: Cool Spring Ahead for Northern U.S.
Cooler-than-normal temperatures can be expected across the United States’ northern tier through May, though warmer-than-normal temperatures should move into the Northeast by June and could dominate the northern tier this summer, according to forecaster WSI Corp. of Andover, MA.
WSI: Cool Spring Ahead for Northern U.S.
Cooler-than-normal temperatures can be expected across the United States’ northern tier through May, though warmer-than-normal temperatures should move into the Northeast by June and could dominate the northern tier this summer, according to forecaster WSI Corp. of Andover, MA.
Natural Gas Transportation Push Continues in California
Even though a statewide ballot initiative to boost natural gas for transportation was defeated soundly by California voters last month, T. Boone Pickens’ gas-powered transportation company, Clean Energy Fuels Corp., said Monday it has won a 10-year contract with the City of Glendale, CA, to build and operate a new large-scale public access compressed natural gas (CNG) fueling facility to support the city’s expanding CNG-powered vehicle fleets.
Futures Test $6 Support Following 62 Bcf Storage Build
Even though the traditional natural gas storage injection season ended with last week’s report, traders and analysts, while expecting another injection to be reported by the Energy Information Administration (EIA) for the week ended Nov. 7, were not anticipating the whopping 62 Bcf that was injected into underground storage. As a result, near-month futures on Friday tested support at $6 before rebounding to nearly unchanged from Thursday’s close.
Stout 88 Bcf Storage Build Fails to Fuel Bears
Even though the natural gas storage report for the week ended Oct. 3 revealed an injection 20 Bcf larger than historical comparisons for the week, November natural gas futures prices, after an initial knee jerk lower, were fairly even keel in Thursday trade. Taking a break from declines, the prompt-month natural gas contract gained 8.3 cents to close at $6.825. November crude dropped another $2.36 to finish at $86.59/bbl.
CSU Ups the Ante: Nine Hurricanes Forecast This Year
With five named storms already charted this year, including two hurricanes, and Tropical Storm Edouard drenching portions of Texas, the Colorado State University (CSU) hurricane team increased the number of storms it said will form in the Atlantic Basin this year, forecasting a total of 17 named storms, including nine hurricanes, five of them intense (Category 3 or greater).
Bastardi: This Season’s Hurricanes Heading Eastward
The East Coast will be at greater risk this coming hurricane season even though the number of named storms is expected to be about average, and Gulf of Mexico interests can expect seven to 10 days with at least the threat of weather disruptions, AccuWeather.com Hurricane Center meteorologists said last week.
Bastardi: This Season’s Hurricanes Heading Eastward
The East Coast will be at greater risk this coming hurricane season even though the number of named storms is expected to be about average, and Gulf of Mexico interests can expect seven to 10 days with at least the threat of weather disruptions, AccuWeather.com Hurricane Center meteorologists said Monday.