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Analysts Sense Market Bottom; April Called A Penny Higher

April natural gas is set to open a penny higher Friday morning at $4.39 as traders mull a big-picture seasonal temperature outlook and factor in low inventory levels and an uncertain storage refill. Overnight oil markets were mixed.

March 14, 2014
Largest NatGas Marketers Lead Trading Decline in 4Q and Full Year 2013

Largest NatGas Marketers Lead Trading Decline in 4Q and Full Year 2013

Natural gas marketers continued to report significant declines in sales in the last three months of 2013 compared with 4Q2012, and the top three marketers — BP plc, Shell Energy NA and ConocoPhillips — were among those with the largest declines, according to NGI’s 4Q2013 Top North American Gas Marketers Ranking.

March 14, 2014
Futures Off as On-Target EIA Stats Not Enough For The Bulls

Futures Off as On-Target EIA Stats Not Enough For The Bulls

Physical gas for Friday delivery plunged at all market points in Thursday’s trading with losses ranging from about a quarter to multiple dollars.

March 13, 2014
The Cupboard is Nearly Bare, But Gas Storage Refill ‘Doable’

The Cupboard is Nearly Bare, But Gas Storage Refill ‘Doable’

With the country’s “extraordinary winter for natural gas consumption” winding down, thoughts of gas market players have been on what’s left in gas storage caverns and what it will take to refill them in time for winter 2014-2015.

March 13, 2014

‘Big Move Coming,’ Analyst Says; April Seen 3 Cents Lower

April natural gas is expected to open 3 cents lower Wednesday morning at $4.58 as traders consolidate positions ahead of Thursday’s inventory report and the weather outlook is little changed. Overnight oil markets tumbled.

March 12, 2014

Shareholders Preparing to Battle Again in North America Energy Sector

The North American energy sector — from exploration and production (E&P), oilfield services and midstream — still has a big target on its back again this year among activists that want to force changes, according to Moody’s Investors Service.

March 12, 2014

Herculean New England Gains Outpace Broader Market; Futures Drop

Physical natural gas prices for Thursday delivery on balance gained over 50 cents, but double-dollar gains in New England and along the Atlantic Seaboard were more than able to offset weaker quotes in the Midwest, Midcontinent, California and the Rockies. The gains on Wednesday were weather-driven as a fast moving winter storm was moving to the East Coast through Friday. At the close of futures trading, April had dropped 11.5 cents to $4.490, and May was off 10.3 cents to $4.441. April crude oil slumped $2.04 to $97.99/bbl.

March 12, 2014

As Cold and Snow March East, Broad Advance Ensues; Futures Ease

Spot gas for delivery Wednesday gained ground in Tuesday trading ahead of a pervasive late-winter storm expected to impact the Rockies and Midwest before moving on to New England and the East.

March 11, 2014

Firm California, Strong Marcellus Dwarfed By Broad Weakness; Futures Gain

Physical gas for Tuesday delivery fell sharply at many points in Monday’s trading. Particularly hard hit were locations in the Northeast, as moderating weather was seen sending Tuesday temperatures to above normal readings. Locations in and around New York and Philadelphia were softer as well, but Marcelllus points advanced. California points were steady to higher. At the close of futures trading April had advanced 3.3 cents to $4.651 and May was up 0.9 cent to $4.576. April crude oil slumped $1.46 to $101.12/bbl.

March 10, 2014

Midwest Cold, Pipeline Outages Lead Some Prices Higher; Futures Ease

Natural gas for weekend and Monday delivery was highly varied in Friday’s trading. A major interstate pipeline declared a force majeure, and although earlier polar vortices do not seem to be in play, many traders were not desirous of being short gas going into the weekend with cold weather clearly an added risk.

March 7, 2014