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It’s Back; Polar Vortex II Prompts New Gas Price Records

It’s Back; Polar Vortex II Prompts New Gas Price Records

Spot gas prices for Wednesday delivery vaulted to record levels at some points as another incursion of a polar vortex was forecast to rake not only the East and Midwest but also make it as far south as Texas and the Southeast, dropping up to a foot of snow in some locations.

January 21, 2014

Eastern Cold In Play; February Called 4 Cents Higher

February natural gas is set to open 4 cents higher Tuesday morning at $4.37 as traders assess oncoming cold in pivotal eastern markets and factor in a greater cold event than earlier expected. Overnight oil markets rose.

January 21, 2014

Columbia Gas Seeks Bids for February Gas

Columbia Gas Transmission added Friday (Jan. 24) to its continuing list (Jan. 21-23) of transport and storage critical days for portions of its Ohio and Pennsylvania marketing areas. In connection with the current storm sweeping the East, Columbia also is enforcing “specialized receipt required” at the Cecil, Paulding and Lebanon pipeline interconnects, the pipeline company reported on its electronic bulletin board.

January 21, 2014
Forecasters Warn of Another Polar Vortex Freeze-Out

Forecasters Warn of Another Polar Vortex Freeze-Out

When the polar vortex first arrived earlier this month, it drove record natural gas demand, prompted constraints on pipelines into New England and hampered delivery of other fuels, and now forecasters say the arctic cyclone could make a return appearance before the end of January.

January 17, 2014

Cash Quotes Mostly Lower; Futures Bulls Cautiously Optimistic

Natural gas for weekend and Monday delivery showed losses at most points Friday, but a few points in the East and Northeast skewed the market with multi-dollar gains as traders loaded up ahead of snowy and blustery conditions expected early in the week.

January 17, 2014
Futures Drop on Record Storage Withdrawal

Futures Drop on Record Storage Withdrawal

Prices for Friday physical gas delivery moved higher across the country except for at a handful of eastern points. Traders Thursday elected to get most of their deals done prior to what was thought could be a major market mover: the issuance of weekly storage data by the Energy Information Administration (EIA), which came in at a record 287 Bcf.

January 16, 2014
U.S. Becomes Global Gas Trading Powerhouse by 2035, Says BP

U.S. Becomes Global Gas Trading Powerhouse by 2035, Says BP

The United States will be a global natural gas trading powerhouse by 2035 by which time the commodity’s market share will match that of oil and coal, BP plc’s top economist said Wednesday.

January 15, 2014

Market Awaits Potential Record Storage Draw; Futures Drop 4 Cents

Physical prices for natural gas to be delivered Thursday inched higher at most points across the country on Wednesday as the market anticipated two pending events — weather and storage — that could have lasting impacts.

January 15, 2014

Forecasts Ratchet Colder Still; February Called 6 Cents Higher

February natural gas is expected to open 6 cents higher Tuesday morning at $4.33 as weather forecasts notched a little colder by the end of the month. Overnight oil markets were mixed.

January 14, 2014

East Led Nationwide Advance Tuesday; Futures Gain Again

A vast majority of physical natural gas price averages across the country posted gains Tuesday as many regions, including much of the East, were bracing for another round of below-normal temperatures while the West Coast sweltered under warmer-than-normal conditions with lower-than-normal hydro power supplies.

January 14, 2014