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.
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Cuts in Price-Boosting Cooling Load Expected
The cash market was still finding enough power generation load — prompted by a combination of warm temperatures and a spate of nuclear plant outages, both intentional and unscheduled — to eke out further generally small price gains at a majority of points Wednesday. But El Paso-San Juan quotes actually fell by 2-3 cents and several other points, nearly all of them in the West, were flat to barely higher. Gains ran as big as about 20 cents.
Transportation Notes
In a System Protection Warming declared Monday, MRT said that due to warm weather in its service area, effective with the start of Tuesday’s gas day it will not accept any long imbalance positions through the end of March.
Warm Weather, High Storage Hardly Budge EIA Gas Outlook
Despite the warmer weather in key consuming regions and the recent drop in wholesale prices, the Energy Information Administration is still projecting that consumers will pay substantially more this winter for their heating needs than they did last winter. In fact, expected increases in winter expenditures for natural gas-heated households were raised slightly to 10% compared to projections in last month’s outlook.
Warm Weather, High Storage Hardly Budge EIA Gas Outlook
Despite the warmer weather in key consuming regions and the recent drop in wholesale prices, the Energy Information Administration is still projecting that consumers will pay substantially more this winter for their heating needs than they did last winter. In fact, expected increases in winter expenditures for natural gas-heated households were raised slightly to 10% compared to projections in last month’s outlook.
NOAA Continues to Forecast Warm Winter in West, Cool South
The U.S. Winter Outlook for December 2004 through February 2005 continues to call for warmer-than-normal conditions across the entire West and Alaska and cooler-than-normal conditions in the Southeast and Mid Atlantic, according to an update issued Thursday by the National Oceanic and Atmospheric Administration (NOAA). Elsewhere, including the key gas consuming markets in the Midcontinent/Midwest and New England, there are equal chances of above, below and normal temperatures.
NOAA Continues to Forecast Warm Winter in West, Cool South
The U.S. Winter Outlook for December 2004 through February 2005 continues to call for warmer-than-normal conditions across the entire West and Alaska and cooler-than-normal conditions in the Southeast and Mid Atlantic, according to an update issued Thursday by the National Oceanic and Atmospheric Administration (NOAA). Elsewhere, including the key gas consuming markets in the Midcontinent/Midwest and New England, there are equal chances of above, below and normal temperatures.
NOAA Continues to Forecast Warm Winter in West, Cool South
The U.S. Winter Outlook for December 2004 through February 2005 continues to call for warmer-than-normal conditions across the entire West and Alaska and cooler-than-normal conditions in the Southeast and Mid Atlantic, according to an update issued Thursday by the National Oceanic and Atmospheric Administration (NOAA). Elsewhere, including the key gas consuming markets in the Midcontinent/Midwest and New England, there are equal chances of above, below and normal temperatures.
NOAA: Winter Forecast Mixed with Cold in Southeast, Warm in Pacific and Northwest
The National Oceanic and Atmospheric Administration (NOAA) released a mixed winter forecast this week with equal chances of above or below normal temperatures for several key natural gas market areas, including the Northeast, New England, the Midwest, the Great Lakes, the bulk of the Midcontinent and the southern Rockies.
NOAA: Winter Forecast Mixed with Cold in Southeast, Warm in Pacific and Northwest
The National Oceanic and Atmospheric Administration (NOAA) released a mixed winter forecast last week with equal chances of above or below normal temperatures for several key natural gas market areas, including the Northeast, New England, the Midwest, the Great Lakes, the bulk of the Midcontinent and the southern Rockies.