Oil and natural gas companies in the Gulf of Mexico (GOM) appeared to have adopted a wait and see attitude Tuesday as Tropical Depression Nine (TD9) churned to the west of Cuba, with a move toward Florida — and not into the central GOM — expected by Wednesday.
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NatGas Cash Steady, But Futures Beat A Retreat
Natural gas for Wednesday delivery moved little in Tuesday’s trading as the majority of market points scored modest gains of a few pennies, but a few eastern points scored double digit losses.
Expiring September Unfazed by Active Weather, Called 2 Cents Lower
The expiring September natural gas contract is set to open 2 cents lower Monday morning at $2.85 as traders largely discount an array of weather factors in play. Overnight oil markets slumped.
Opponents Again Urge California to Close Aliso Canyon Storage Facility
Opponents of California’s largest natural gas storage facility Aliso Canyon, including nearby residents and environmental groups, are repeating their calls for the state to close it down.
East, Midwest, California NatGas Gains, But September Futures Exit Quietly
Next-day physical natural gas posted robust gains in Monday trading as brutally uncomfortable weather was expected Tuesday and beyond in Southern California, the Midwest and on the East Coast.
U.S. NatGas Exports to Canada, Mexico Climb as Canadian Imports Decline
U.S. exporters are edging closer to overtaking Canadians in cross-border traffic in natural gas, according to the latest trade scorecard of the United States Department of Energy.
NGI The Weekly Gas Market Report
Producers Pull Out of Alaska LNG Project
Alaska’s top oil/natural gas producers told state lawmakers Thursday afternoon that the proposal on the table to pipe, liquefy and export North Slope natural gas is uneconomic and they won’t move forward as partners. However, they said they would sell their natural gas to a state-developed project if it comes to fruition, which is more in doubt than ever.
NGI The Weekly Gas Market Report
Phillips 66 Partners Acquires NGL Assets in Southeast Louisiana From Chevron
Phillips 66 Partners LP (PSXP) said it has reached an agreement to acquire natural gas liquids (NGL) assets in southeast Louisiana — including approximately 500 miles of pipelines, a storage cavern and other facilities — from Chevron Corp.
Physical NatGas Slips, But Futures Make It Five in A Row Higher
Physical natural gas for weekend and Monday delivery worked lower in Friday’s trading as buyers saw little reason to commit to three-day deals.
California, Northeast Partially Erode Broader Weekly Gains
For the week ended Aug. 26 there was only nominal movement in weekly gas prices, but the roles were reversed from the previous week. Solid gains of a dime or more were posted at interior basins and Midwest market points, but declines in the Northeast and California pulled the averages down.