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EIA Adds NatGas, Petroleum to Online Application Programming Interface

The U.S. Energy Information Administration (EIA) has added natural gas and petroleum time-series data to its application programming interface (API), a tool the agency said “is ideal for software developers working in government, research, or the energy sector who are looking to design applications for the web or for mobile and tablet devices.” The API is currently released as a beta product.

August 30, 2013

‘One-in-Three Probability’ for Weakening PG&E

The credit rating for PG&E Corp. and utility subsidiary Pacific Gas & Electric Co. face a “one-in-three probability” for weaker business and financial profiles over the coming year related to the San Bruno, CA natural gas pipeline explosion, according to Standard & Poor’s Ratings Services (S&P).

August 30, 2013
Overall Balance Counters Weak Marcellus; Futures Erase Early Losses

Overall Balance Counters Weak Marcellus; Futures Erase Early Losses

Natural gas prices for physical delivery Friday on average were unchanged in Thursday’s trading. Factor out the extreme low prices at just a couple of Marcellus points burdened by a lack of infrastructure and the physical market on average gained a couple of pennies.

August 30, 2013

Western GOM Draws Few Bidders, Lower High Bids

The Western Gulf of Mexico (GOM) Lease Sale 233, which offered for bid 20.7 million acres offshore Texas, yielded fewer offers and lower total high bids than in the past, with 12 operators making 61 offers for 53 blocks that covered just more than 300,000 acres, Bureau of Ocean Energy Management (BOEM) officials said Wednesday.

August 29, 2013

Physical Gas Strength Widespread; Expiring September Jumps Late

Natural gas deliveries for Thursday added 4 cents on average nationally in Wednesday’s trading, with ongoing warm temperatures in the Midwest keeping buyers busy and next-day deliveries up by a nickel or more.

August 29, 2013

Emex Brings NatGas Reverse Auctions to Illinois

Emex LLC, which has had “amazing success” with its natural gas reverse auction online platform in New Jersey, has launched the service in Illinois, the Houston-based company said Tuesday. Theplatformservices the Northern Illinois Gas, Peoples Gas and North Shore Gas utility service territories, Emex said.

August 28, 2013

Seasonal Temps, Soft Power Pressure Cash, Yet Futures Gain

Natural gas prices for Wednesday delivery overall averaged 4 cents lower in Tuesday’s trading. Nearly all points posted modest declines, and at eastern points, soft power pricing gave traders little incentive to make aggressive next-day gas buys.

August 28, 2013

Exuberant Physical Market Outdoes Futures; September Adds 3 Cents

Physical natural gas prices overall on average added 10 cents Monday as strength at eastern market points along with surging prices at Marcellus locations paced a broad advance. Midcontinent locations were also firm, but all points made gains. At the close of futures trading September had added 2.8 cents to $3.513 and October was higher by 3.2 cents to $3.553. October crude oil fell 50 cents to $105.92/bbl.

August 27, 2013

Marcellus ‘Monster’ Taking Bite Out of Price Forecasts

Robust production out of the Marcellus Shale is weighing on prices, causing Bank of America (BofA) analysts to doubt the staying power of their fourth quarter and 2014 price forecasts and prompting Bernstein Research to cut its 2013 forecast by 25 cents.

August 26, 2013

Weak Marcellus Leads Weekend Charge Lower; Futures Falter

Weekend and Monday deliveries of physical natural gas overall on average were 4 cents lower in Friday’s trading for weekend and Monday delivery. Thursday’s screen strength was unable to resonate in the physical market largely as the result of moderating weekend weather forecasts.

August 26, 2013