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California’s Energy Storage Market Expanding

California’s mandate to grow energy storage is following its increased use of renewable-based electric generation sources, according to Navigant Research. During a webinar Tuesday Navigant consultants examined increasing renewable power on the U.S. grid.

January 14, 2015

NatGas Futures, Most Physical Points Follow Strong Oil-Driven Advance

Physical gas for Thursday delivery managed double-digit gains in Wednesday’s trading as a strong screen pulled up all points trading in relationship to the Henry Hub, while most Northeast and eastern points were driven by weather changes and proximate market forces.

January 14, 2015

Forecasts Turn Slightly Cooler; February Seen 8 Cents Higher

February natural gas is expected to open 8 cents higher Tuesday morning at $2.87 as near-term weather forecasts turn slightly cooler and timing issues continue. Overnight oil markets continued their steep descent.

January 13, 2015

Northeast, Mid-Atlantic Losses Drive Market Lower; Futures Rebound

Next-day gas prices for Wednesday delivery traded about a dime lower in Tuesday’s trading. Scattered gains in the Gulf and San Juan Basin were unable to counter broad but not terribly deep losses at most market points, and the overall market fell 18 cents to average $3.22.

January 13, 2015

Forecast Thaw Has Bears Roaming; February Called Down 9 Cents

February natural gas is expected to open 9 cents lower Monday morning at $2.86 as forecasters call for a broad and pronounced warm-up in the near term and analysts anticipate thinner storage withdrawals going forward. Overnight oil markets fell hard.

January 12, 2015
Long-Term Low Oil Prices Could Hurt NatGas, ICF Says

Long-Term Low Oil Prices Could Hurt NatGas, ICF Says

Sustained lower oil prices could slow natural gas production and market growth as the lower prices slow growth in U.S. shale oil plays, according to a first quarter 2015 Energy Outlook from consulting firm ICF International. Some long-term gas demand fundamentals are weakened by sustained low oil prices, ICF said.

January 12, 2015
Recent Cold Snap Fails to Boost Northeast Natural Gas Basis

Recent Cold Snap Fails to Boost Northeast Natural Gas Basis

There was no stopping the sharp slide Northeast natural gas forward basis prices have been on this week, with prompt-month prices plunging as much as nearly $2, as weather forecasts are calling for a warm-up in temperatures after a few more days of frigid conditions.

January 12, 2015

New England, Marcellus Partially Offset Wider Declines; Futures Tumble

Physical natural gas for Tuesday delivery was generally lower in Monday’s trading, but a one-day cold snap along with surging power prices was able to elevate New England and to a lesser extent Marcellus prices. Those gains were unable to offset broad setbacks at most other market points including the Mid-Atlantic, Midwest, and Midcontinent.

January 12, 2015

Forecast Has Bears Assessing Their Options; February Called Flat

February natural gas is set to open unchanged Friday morning at $2.93 as traders grapple with a fluctuating weather outlook within what analysts describe as an overall bearish trading framework. Overnight petroleum markets eased.

January 9, 2015

Cold Snap Bedeviled Some Wellheads, Pipelines

Bitter cold swept across much of the country and well into the South last week, bringing consequences to producing regions as well as market areas. As has been the case during past cold snaps, producers, pipelines and distribution companies held their own, for the most part.

January 9, 2015