A Rice Energy Inc. subsidiary has filed an application with the Public Utilities Commission of Ohio to be certified as a competitive retail natural gas supplier.
Articles from Markets
Both weekend and Monday natural gas cash and futures capped off the week with gains of about a nickel, but if predictions of the coming weather/storage dynamic prove correct, gas markets could be on the cusp of still greater changes.
Oh what a week it was, but the half-dollar weekly natural gas cash gains shouldn’t have come as much of a surprise to those who noted that January futures bounded higher by a stout 40 cents during the previous week. With chilly winter temps now on hand for much of the country, further strengthening is likely in the forecast.
Natural gas futures traded higher Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was about in line with what traders were expecting.
Volumes rose but prices fell across the board in the natural gas trade among Canada, the United States and Mexico during the first half of this year, according to the latest scorecard kept by the U.S. Department of Energy.
Most physical points traded about a dime lower Thursday as traders hunkered down and got their deals done before the Energy Information Administration (EIA) released its natural gas storage report.
January natural gas is set to open 3 cents higher Thursday morning at $3.63 in spite of weather forecasts calling for slightly less cold, and expectations of a government storage report expected to show an increasing surplus. Overnight oil markets were mixed.
January natural gas is set to open 10 cents higher Wednesday morning at $3.73 as overnight weather models show a stronger Arctic air mass than previously thought. Overnight oil markets fell.
Newly established Mexico energy infrastructure developer Avant Energy S. de R.L. de C.V. has received an initial line-of-equity investment of $150 million from Riverstone Holdings LLC.