Trading

With winter now in the rear view mirror, the ghost of unseasonable warmth reappeared for the week ended April 15. TheNGIWeekly Spot Gas Average fell 11 cents to $1.76 as forecasts were calling for milder than normal spring conditions.

With winter now in the rear view mirror, the ghost of unseasonable warmth reappeared for the week ended April 15. TheNGIWeekly Spot Gas Average fell 11 cents to $1.76 as forecasts were calling for milder than normal spring conditions.

Natural gas futures were able to work higher but unable to take out session highs Thursday morning after the Energy Information Administration (EIA) reported a storage draw that was greater than what the market was expecting.

Both next-day physical natural gas prices and futures took it on the chin in Thursday’s trading as a combination of weather forecasts, soft power prices and an uninspired government storage report kept a damper on pricing.

Natural gas futures were able to work higher but unable to take out session highs Thursday morning after the Energy Information Administration (EIA) reported a storage draw that was greater than what the market was expecting.

Both next-day physical natural gas prices and futures took it on the chin in Thursday’s trading as a combination of weather forecasts, soft power prices and an uninspired government storage report kept a damper on pricing.

Carbon trading cap-and-trade programs are poised to grow, but how effective they are remains a question, according to a report by the California Public Utilities Commission (CPUC).

Natural gas for delivery Wednesday gave ground in mixed trading Tuesday as gains in California, the Rockies and Midcontinent were unable to offset slumping Northeast and Gulf Coast quotes.

Natural gas futures worked lower Thursday morning despite the fact that the Energy Information Administration (EIA) reported a storage withdrawal that was somewhat greater than what the market was expecting.