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November Natural Gas Plunges 12 Cents as Cold Seen Breaking Down; Spot Gas Crashes

A pullback in heating degree days for the end of October/early November laid the groundwork for a dramatic sell-off in natural gas futures Thursday that was further pressured by Lower 48 gas production returning to near record highs in recent days. With no surprises on the storage data front, the Nymex November gas contract went on to settle at $3.198, down 12.2 cents. Read More

BC Pipe Explosion Rattles Downstream U.S. Natural Gas Forward Markets

Pipeline explosion-induced cuts to imported natural gas supplies from British Columbia and strong downstream demand due to a series of cold fronts moving through the United States lifted forward prices across the West, Rockies and even the recently struggling Permian Basin, helping boost the November national average by some 20 cents from Oct. 11-17, according to NGI’s Forward Look. Read More

Cold Snaps Could Trigger Winter Pipeline Constraints in New England, Los Angeles, FERC Says

Forecasters are expecting a warmer-than-average winter this year, but prolonged periods of cold temperatures could still trigger regional pipeline constraints in New York City, Boston and Los Angeles and increase the risk of price volatility, according to the 2018-2019 Winter Energy Market Assessment released Thursday by FERC's Office of Enforcement. Read More