Physical natural gas for Wednesday delivery surged Tuesday in front of forecasts calling for a sharp incursion of cold air dropping Northeast temperatures by as much as 20 degrees from Monday’s readings. Power prices and forecast loads returned the favor and advanced as well.
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Eastern Cooling Seen; April Called 6 Cents Higher
April natural gas is expected to open 6 cents higher Tuesday morning at $2.78 as traders factor in a near-term cool shot. Overnight oil markets retreated.
March 17, 2015
CFTC Levies $3M Fine on ICE Futures U.S. Over Inaccurate Reporting
The U.S. Commodity Futures Trading Commission (CFTC) on Monday said it had simultaneously filed and settled charges against Intercontinental Exchange’s ICE Futures U.S. Inc. to the tune of $3 million for “submitting inaccurate and incomplete reports and data” for certain energy contracts and other commodities over at least a 20-month period, from at least October 2012 through at least May 2014.
March 17, 2015
Natural Gas Basis Falls Into Shoulder-Season Doldrums
Natural gas basis markets remained in a lull for the second week of March, with prompt-month prices shifting less than five cents at most market hubs, amid forecasts for mostly mild weather across the United States.
March 17, 2015
Models See Cooler Temps, Less Demand; April Called 3 Cents Lower
April natural gas is expected to open 3 cents lower Monday morning at $2.70 as traders see prices approaching key decision points and weather forecasts call for less heating load. Overnight oil markets slumped.
March 16, 2015
NatGas Marketers’ 2014 Downward Spiral Continued in Final Quarter
BP plc extended its dominance over other North American natural gas marketers with a gain in 4Q2014, continuing its trend for the year, but for many other marketers, both the quarter and the full year resulted in declines compared to previous periods.
March 16, 2015
Broader National Natural Gas Price Gains Offset Gulf Weakness
Physical natural gas for next-day delivery was largely mixed in Monday’s trading, but at the end of the day overall prices were a dime higher at $2.53 as gains in the Northeast, Mid-Atlantic, Midwest, and Rockies easily outpaced lower quotes in the Gulf region.
March 16, 2015
Traders Mull, Discount Cooler Forecast; April Seen 2 Cents Lower
April natural gas is set to open 2 cents lower Friday morning at $2.71 as traders thoroughly discount forecasts of cool temperatures next week and concentrate on supply issues. Overnight oil markets fell.
March 13, 2015
ICE Beefs Up Natural Gas, Other Energy Contract Offerings
Responding to market interest, electronic trading platform Intercontinental Exchange (ICE) announced on Friday the introduction of 44 new contracts, including energy futures and options contracts and Euro Cocoa.
March 13, 2015
Forecast Warmth Drops Weekend Cash Quotes More Than A Dime; Futures Steady
Weekend and Monday natural gas proved to be a tough sell in Friday’s trading as major population centers were expected to see temperatures by Monday reach levels 15 to 20 degrees above seasonal norms.
March 13, 2015
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