Unusually

Even if mother nature plans to be unusually harsh on North America this winter, the North American Electric Reliability Council (NERC) said power customers can rest easy because power generation capacity margins are “adequate.”

Stingray Pipeline Co. LLC on Thursday was given a temporary waiver of its tariff to address the “unusually high” shipper imbalances that have occurred since the pipeline entered into an emergency arrangement last month to allow shut-in Gulf of Mexico natural gas production to flow on its system in the wake of Hurricane Rita.

In what has become a protracted and unusually complex case, FERC has said it would require Transcontinental Gas Pipe Line to pay Sunoco Inc. for any additional gathering costs that it incurs due to the pipeline’s violation of a 1992 settlement.

Calgary-based Canadian Superior said last week that unusually warm weather in February and March, which resulted in a premature spring breakup, led to a “slight, temporary decline” of 7% in oil and natural gas production during the first quarter.

Calgary-based Canadian Superior said Monday that unusually warm weather in February and March, which resulted in a premature spring breakup, led to a “slight, temporary decline” of 7% in oil and natural gas production during the first quarter.

Predictably, prices were down Wednesday due to a screen drop of 18.2 cents the day before and the ongoing moderation of weather from unusually chilly conditions for early May.

In one of the least volatile trading days in the cash market in recent memory, spot prices barely moved on Veteran’s Day, with many points inching up only a nickle while a few others fell a couple pennies. However, the cash market was a striking contrast to the futures market on Nymex, where the December contract collapsed 44 cents to $7.236 in response to falling crude oil and heating oil prices.

In one of the least volatile trading days in the cash market in recent memory, spot prices barely moved on Veteran’s Day, with many points inching up only a nickle while a few others fell a couple pennies. However, the cash market was a striking contrast to the futures market on Nymex, where the December contract collapsed 44 cents to $7.236 in response to falling crude oil and heating oil prices.

After beginning 2004 with unusually mild weather in the East, the cash market turned around rapidly Monday as the Midwest joined most of the West in experiencing winter storms, with the Northeast poised to take its turn Tuesday. Prices responded to the anticipated cold snap with across-the-board run-ups of about 60 cents or greater.