Weight

Natural gas is on the precipice of a global “golden age,” but it could easily collapse under the weight of public opposition to drilling unless legitimate concerns are addressed, officials with the International Energy Agency (IEA) said last week.

Natural gas is on the precipice of a global “golden age,” but it could easily collapse under the weight of public opposition to drilling unless legitimate concerns are addressed, officials with the International Energy Agency (IEA) said Tuesday.

Governments of Canada’s producing provinces are throwing their weight behind the country’s foray into exporting liquefied natural gas (LNG) to Asia.

Governments of Canada’s producing provinces are throwing their weight behind the country’s foray into exporting liquefied natural gas (LNG) to Asia.

Adding weight to the near-consensus winter forecast, Andover, MA-based WSI Corp. said the next three months will bring cooler-than-normal temperatures to the East and South Central United States, with above-normal temperatures dominating the West and North Central regions. Based on its forecast and population-weighting algorithms, WSI said it expects gas and electricity demand this winter to be about the same as last year.

Adding weight to the near-consensus winter forecast, Andover, MA-based WSI Corp. said the next three months will bring cooler-than-normal temperatures to the East and South Central United States, with above-normal temperatures dominating the West and North Central regions. Based on its forecast and population-weighting algorithms, WSI said it expects gas and electricity demand this winter to be about the same as last year.

October natural gas futures went off the board on Monday with a bearish bang as values dropped under the weight of the recent advance. October slid 25.5 cents on the day to terminate at $3.730, while the November contract wasn’t nearly as weak in trimming 11.8 cents during the regular session to $4.830.

As expected, spot prices fell at most points Wednesday under the weight of prior-day futures weakness, the extra decline of industrial load during a four-day holiday weekend and only moderate heating load going into the weekend in such areas as the Northeast and South.

Despite an industry-expected 73 Bcf natural gas storage injection report, natural gas futures — under the weight of record-setting storage levels — pushed lower on Friday. August natural gas recorded a low of $5.470 before settling at $5.523, down 14.1 cents on the day and 58.1 cents lower than the previous week’s close.