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Technicians See Test of Thursday’s Lows; June Called 5 Cents Lower

June natural gas is set to open 5 cents lower Friday morning at $4.42 as fundamentals traders see the market as range-bound and technical traders suggest a retest of Thursday’s lows before moving higher. Overnight oil markets posted nominal gains.

May 16, 2014

Winter Temps Drive PJM NatGas-Fired Output Up Nearly 6%

With winter temperatures bearing down across the Northeast, the price of natural gas rose significantly over coal between January and March, making coal-fired units more competitive, the PJM Interconnection said Thursday.

May 16, 2014

FERC Sends 2008 Gas Market Manipulation Charges Against BP to ALJ

FERC on Thursday rejected BP America Inc.’s motion to dismiss allegations that it gamed the physical and financial markets at the Houston Ship Channel (HSC) in 2008, voting instead to send the issue to an administrative law judge (ALJ) for hearing.

May 16, 2014

Ohio PUC Urges FERC To Step-Up On Gas-Electric Coordination, Market Impacts

The Public Utilities Commission of Ohio (PUCO) on Thursday took the unusual step of publicly announcing that it had filed extensive comments with FERC imploring the Commission to more closely examine the market impacts that resulted from last winter’s unseasonable cold and high natural gas prices.

May 16, 2014

Mild Summer 2014 Could Bring Weakest Cooling Demand Since 2009, WSI Says

Temperatures are expected to average below normal this summer from the Rockies east to the Mid-Atlantic and Southeast United States, according to forecasters at Weather Services International (WSI), a prognostication that could lead to the weakest nationwide cooling demand since 2009.

May 16, 2014

East Declines Headline Mixed Trading; Futures Ease

Physical gas for weekend and Monday delivery continued the trend of lower prices in Friday’s trading. Mild weather in the Northeast prompted double-digit declines, but prices in the Midwest and Midcontinent moved less drastically.

May 16, 2014

Expected Plump EIA Stats Have Bulls On Edge; June Seen 2 Cents Lower

June natural gas is set to open 2 cents lower Thursday morning at $4.35 on the eve of what is expected to be the first storage build past the century mark of the new injection season. Overnight oil markets were mixed.

May 15, 2014
AccuWeather Expects Below-Normal Atlantic Hurricane Season

AccuWeather Expects Below-Normal Atlantic Hurricane Season

The 2014 Atlantic hurricane season is expected to produce fewer than the average number of tropical storms and hurricanes, according to forecasters at AccuWeather.com, who said tropical development could be altered by the onset of an El Nino even in late summer of fall.

May 15, 2014
Futures Shoot Higher On ‘Reclassified’ Storage Data

Futures Shoot Higher On ‘Reclassified’ Storage Data

Natural gas futures plunged then rallied following the release of government storage figures showing an increase in inventories that was greater than what traders had been expecting.

May 15, 2014

Rising NatGas Prices This Summer Could Be Swayed by Drought, El Nino, FERC Says

Both natural gas and electric futures prices will climb this summer, reflecting exceptional gas burn and storage withdrawals during winter 2013-2014, and an ongoing drought in California could affect prices and operations there, according to FERC’s “Summer 2014 Energy Market and Reliability Assessment.”

May 15, 2014