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U.S. Senate Subcommittee Blasts Morgan Stanley’s Actions in Natural Gas Market

After a two-year investigation, a U.S. Senate subcommittee said Wednesday it is concerned about the involvement of three of the nation’s major bank holding companies in the commodities markets, claiming they engaged in risky activities and unfair trading advantages, and have inadequate safeguards in place to avert a financial disaster.

November 20, 2014
Physical Natural Gas Prices Scrambled, Yet Futures Hitch A Ride Higher

Physical Natural Gas Prices Scrambled, Yet Futures Hitch A Ride Higher

Next-day gas prices were widely mixed in Thursday’s trading as gains in the Marcellus, Mid-Atlantic, and New England were unable to counter more pervasive weakness in the Gulf, Midwest, Midcontinent, Rockies, and California. The overall market change was unchanged.

November 20, 2014

Weather Bulls Relishing Colder Forecasts; December Called 18 Cents Higher

December natural gas is set to open 18 cents higher Wednesday morning at $4.42 as overnight six- to 10 and 11- to 15-day forecasts turned colder mainly in the Midwest. Overnight oil markets rose.

November 19, 2014

Free-Falling Northeast, Strong Midwest, Midcontinent Offset; Futures Up By Double Digits

Next-day natural gas overall inched lower in Wednesday’s trading as multi-dollar drops in New England were able to offset broad gains seen across a wide expanse encompassing the Marcellus, Midwest, Midcontinent, Gulf, and California.

November 19, 2014

Market Grappling With Early Cold, Low Inventories, Production Gains; NatGas Futures, Cash Both Drop

Despite blizzard-like conditions in and around the Great Lakes region, natural gas for Wednesday delivery took back some of the 68-cent gain posted in Monday’s trading as hefty multi-dollar losses in New England and the Mid-Atlantic were able to overwhelm a pattern of albeit much more modest gains in the Marcellus, Gulf, Midwest, Midcontinent, and California.

November 18, 2014

NatGas Bulls Mull Varying Weather Models; December Seen 7 Cents Lower

December natural gas is expected to open 7cents lower Tuesday morning at $4.27as traders are faced with varying weather model interpretations in the more distant time frames. Overnight oil markets fell.

November 18, 2014

Boardwalk Files With FERC to Abandon Natural Gas Storage Cavern

An affiliate of Boardwalk Pipeline Partners LP has filed an application with FERC requesting that it be permitted to abandon a natural gas storage cavern in Louisiana, citing weak demand for such capacity along the Gulf Coast that’s not expected to change in the near future.

November 18, 2014

Frostier Outlook Lifts Futures; December Called 14 Cents Higher

December natural gas is set to open 12 cents higher Monday morning at $4.14 after weather forecasts over the weekend turned supportive in key market time frames. Overnight petroleum markets slumped.

November 17, 2014
Halliburton, Baker to Combine in Gigantic Deal

Halliburton, Baker to Combine in Gigantic Deal

Halliburton Co. (HAL) on Monday agreed to acquire Baker Hughes Inc. in a transaction worth an estimated $34.6 billion, bringing together the world’s No. 2 and No. 3 oilfield service (OFS) operators. On a pro-forma basis, the combined company had 2013 revenues of $51.8 billion, 136,000-plus employees and operations in more than 80 countries.

November 17, 2014

No Bear Left Unscathed; Cash and Futures Vault Higher

Physical gas for delivery Tuesday rocketed higher in Monday’s trading as temperature forecasts of as much as 20 degrees below normal gripped major East Coast population centers.

November 17, 2014