Following the previous Friday’s sizeable drops, the market was definitely stronger Monday but remained a bit soft for the most part. Although warmer temperatures are forecast for Tuesday in some sections of the Midwest, stormy weather is expected to cool most of the region by midweek, and although it will remain generally hot, some parts of the South can also expect a slight dip in mercury levels.
Warmer
Articles from Warmer
Weather Forecasts Boost July Toward $5; Traders Skeptical
July natural gas posted a double-digit gain as traders factored in a warmer temperature forecast and the emergence of tropical activity in the central Caribbean. At the end of the day July rose 12.0 cents to $4.827 and August gained 11.8 cents to $4.857. July crude oil tumbled $1.21 to $99.01/bbl.
June 7, 2011
Transportation Notes
Southern California Gas did not extend a high-linepack OFO beyond Saturday.
June 7, 2011
Transportation Notes
Southern California Gas declared a high-linepack OFO for Wednesday, setting a 10% tolerance for positive daily imbalances.
May 11, 2011
Transportation Notes
Southern said Friday its market-area forecast called for warmer temperatures Saturday “and then turning dramatically colder for Sunday and even colder into [this] week.” It was extremely likely that storage withdrawal requirements would exceed system capability coming out of the weekend, Southern said, so an OFO Type 6 for short imbalances will take effect Monday until further notice. Tiered penalties will apply to negative daily imbalances exceeding 2% or 200 Dth, whichever is greater. Southern added that it will not be accepting nominations for due-shipper imbalance makeups and will evaluate on each scheduling cycle nominations for interruptible services that rely on storage withdrawals.
December 6, 2010
Futures Ease, But Another 200 Bcf-Plus Storage Draw Expected
Warmer temps allowed natural gas futures values to trickle a little lower on Wednesday, but traders are more than aware that winter is far from over. The February contract on Wednesday closed at $5.496, down 6.1 cents from Tuesday’s regular session finish.
January 21, 2010
‘Little Evidence’ Seen for Gas Demand Uptick in Near Term
Natural gas and oil prices are no longer connected, and strong gas supplies, the anticipation of warmer winters and a weak economy provide little evidence that prices will reconnect in the near future, according to Ernst & Young (E&Y). However, regulatory pressure to decrease carbon emissions could lift gas demand and prices, E&Y said Monday in its 4Q2009 outlook for the energy industry.
November 2, 2009
Ernst & Young: ‘Little Evidence’ for Gas Demand Uptick in Near Term
Natural gas and oil prices are no longer connected, and strong gas supplies, the anticipation of warmer winters and a weak economy provide little evidence that prices will reconnect in the near future, according to Ernst & Young (E&Y). However, regulatory pressure to decrease carbon emissions could lift gas demand and prices, E&Y said Monday in its 4Q2009 outlook for the energy industry.
October 27, 2009
Some Points Rally, But Most of Market Still Soft
Forecasts of warmer weather returning in the Midwest, combined with the existing high heat levels from the south-central U.S. through interior California and the hint of a potential new tropical storm in the central Atlantic, were able to rally several points by small amounts Monday following the previous Friday’s across the board losses. The return of industrial load from its usual weekend drop provided modest extra bullish support.
August 25, 2009
Downgraded Hurricane Bill Rolling Toward Bermuda
Though downgraded to a Category Three hurricane and still well out to sea, Hurricane Bill could regain Category Four status on Friday as it rolls over warmer ocean waters and on towards Bermuda, the National Weather Service’s National Hurricane Center (NHC) said Thursday.
August 21, 2009
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