Next-day natural gas prices rose across the board in trading Monday as ongoing warm temperatures and a hefty increase in next-day power prices provided gas buyers for electrical generation all the incentive needed to make incremental purchases.
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Traders Mull Expected Thin Storage Build; September Called A Penny Higher
September natural gas is expected to open a penny higher Thursday morning at $2.67 as traders factor in ongoing warm temperatures and expected lean storage figures from a government report. Overnight oil markets rose.
NatGas Trading Increased For First Time in Four Years in 2015, Analyst Says
The amount of natural gas traded in the United States increased in 2015 for the first time in four years, with overall trading volumes up 4.1% compared to 2014, according to an analysis of FERC Form 552 submissions by Cornerstone Research.
Total Wants FERC to Toss NatGas Market Manipulation Charges
A market manipulation case brought against Total Gas & Power North America Inc. (TGPNA) by FERC’s enforcement staff “suffers from multiple infirmities” and doesn’t include documentary evidence of intent to manipulate any market, according to the company.
FERC Fines BP $20M in 2008 Market Manipulation Case; BP Challenges Decision
BP plc has been fined $20.16 million and ordered to disgorge another $207,169 by FERC after the agency found affiliates of the company had gamed the market for natural gas at the Houston Ship Channel (HSC) in 2008 after Hurricane Ike, a decision the London-based supermajor says it will continue to challenge.
Spot NatGas Cash, Futures Add 6 Cents; EIA Price Forecast Changes Tune
Spot natural gas for delivery Wednesday moved little in Tuesday’s trading as moderate strength in the Gulf, Midcontinent, and Midwest was mostly able to offset weakness at eastern points. The NGI National Spot Gas Average rose 2 cents to $1.90.
Spot NatGas Cash, Futures Add 6 Cents; EIA Price Forecast Changes Tune
Spot natural gas for delivery Wednesday moved little in Tuesday’s trading as moderate strength in the Gulf, Midcontinent, and Midwest was mostly able to offset weakness at eastern points. The NGI National Spot Gas Average rose 2 cents to $1.90.
CME Group Posts Record Exchange Volume, Talks NY Trading Floor Closure Savings
Boosted by record volume done on its exchanges, CME Group Inc., which recently announced plans to shutter its New York trading floor, reported record revenue of $934 million and record operating income of $574 million for the first quarter of 2016.
CME Group Posts Record Exchange Volume, Talks NY Trading Floor Closure Savings
Boosted by record volume done on its exchanges, CME Group Inc., which recently announced plans to shutter its New York trading floor, reported record revenue of $934 million and record operating income of $574 million for the first quarter of 2016.
NatGas Cash Firm, But Futures Fall Slightly; May Down 8 Cents
Physical natural gas for Tuesday delivery posted gains in Monday’s trading led by double-digit, weather-driven gains in New England and the East. Only a handful of points traded lower, and gains in the East, Rockies and California were able to offset sluggish trading in Texas and Louisiana.