Withdrawn

Quoddy Bay Asks FERC to Up the Ante in LNG Tanker Dispute

Attorneys for Quoddy Bay LNG LLC have called on FERC to bar U.S. transportation of natural gas from a proposed Canadian liquefied natural gas (LNG) terminal until the Canadian government has withdrawn its threat to block U.S.-bound LNG tankers from traversing its waters.

April 2, 2007

Futures Test Lower Price Levels Following 22 Bcf Withdrawal

While the report that 22 Bcf was withdrawn from storage for the week ended March 23 came in a little larger than most industry estimates, the number was still below historical withdrawals for the week, which allowed bears the opportunity to cut some of the last week’s natural gas futures gains. May natural gas closed 6.3 cents lower Thursday at $7.609.

March 30, 2007

Quoddy Bay Asks FERC to Up the Ante in LNG Tanker Dispute

Attorneys for Quoddy Bay LNG LLC Friday called on FERC to bar U.S. transportation of natural gas from a proposed Canadian liquefied natural gas (LNG) terminal until the Canadian government has withdrawn its threat to block U.S.-bound LNG tankers from traversing its waters.

March 27, 2007

Natural Gas Futures Test Support Following 102 Bcf Withdrawal

After digesting the Energy Information Administration’s (EIA) natural gas storage report revealing that 102 Bcf had been withdrawn for the week ended March 2, natural gas futures traders on Thursday ultimately set their sights on lower prices, bringing the April contract to a low of $7.150 before settling at $7.239, down 12.7 cents on the day.

March 9, 2007

Stout Storage Pull Already Factored In; Futures Drop

The Energy Information Administration (EIA) reported Thursday morning that 179 Bcf was withdrawn from underground natural gas storage for the week ended Jan. 19. Although the withdrawal was slightly larger than most industry expectations, it already appeared to be priced into natural gas futures, as the February contract sank following the report, recording a low of $6.860 before settling at $6.905, down a whopping 51.6 cents from Wednesday’s close.

January 26, 2007

El Paso Withdraws Proposal to Build Bahamas-to-Florida Line

Citing the uncertainty surrounding the development of liquefied natural gas (LNG) facilities in the Bahamas, El Paso Corp.’s Seafarer US Pipeline System Inc. has withdrawn its application at FERC to build the U.S. leg of the proposed Bahamas-to-Florida Seafarer natural gas pipeline. But it kept open the possibility that it may refile at a later date if market conditions improve.

October 3, 2006

Despite 12 Bcf Withdrawal, Futures Play it Cool

The Energy Information Administration’s (EIA) report Thursday morning that 12 Bcf was withdrawn from underground storage for the week ended Aug. 4 did little to spur natural gas futures higher as the withdrawal was thought to have already been factored into the market. The expected withdrawal along with overall weakness in the petroleum trading pits allowed September natural gas to close at $7.529, down 12.2 cents from Wednesday.

August 11, 2006

Futures Settle Below $7 as Heating Season Closes with a Whimper

The Energy Information Administration (EIA) reported Thursday morning that a smaller than expected 10 Bcf was withdrawn from underground storage fields for the week ended March 31, the traditional end of the heating season. As a result, the currently range-bound May natural gas futures contract dropped lower to settle at $6.972, down 9.7 cents from Wednesday.

April 7, 2006

Large 171 Bcf Withdrawal Fails to Create Lasting Bounce in Futures

Coming in well above almost all industry expectations, the Energy Information Administration (EIA) reported Thursday morning that a whopping 171 Bcf of natural gas was withdrawn from underground storage for the week ended Feb. 24. The report immediately sparked the April natural gas futures contract to a high of $6.920. However, once the big picture was absorbed, lower prices followed. Prompt-month natural gas ended up settling at $6.760, up 2.7 cents from Wednesday.

March 3, 2006

Futures Bounce Off Support Following Industry-Expected 46 Bcf Storage Withdrawal

The Energy Information Administration (EIA) reported Thursday morning that 46 Bcf was withdrawn from underground natural gas storage for the week ended Jan. 13. While the number was expected by the industry, February natural gas futures on Thursday went through a series of peaks and valleys before settling at $8.905, up 21.1 cents on the day.

January 20, 2006