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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

More Cold On The Way; February Seen 16 Cents Higher

February natural gas is expected to open 16 cents higher Monday morning at $4.21as traders digest new weather reports that are calling for a return to colder-than-normal conditions in the near and intermediate terms. Overnight oil markets sagged.

January 13, 2014
East, Northeast Lead Weather-Driven Gains; Futures Romp Higher

East, Northeast Lead Weather-Driven Gains; Futures Romp Higher

With below normal temperatures expected to make a return Tuesday and Wednesday, physical gas for delivery Tuesday rose sharply in Monday’s trading, with only a handful of points nationally trading lower.

January 13, 2014

Bulls, Bears Tangle; February Called A Penny Lower

February natural gas is set to open a penny lower Friday morning at $3.99 as traders balance a long heating season ahead with a stable supply deficit. Overnight oil markets rose.

January 10, 2014
Futures Rally Off Lows Following EIA Storage Stats

Futures Rally Off Lows Following EIA Storage Stats

Physical gas for delivery Friday fell hard and fell often in Thursday’s trading. No points made it to the positive side of the ledger, and the greatest losses occurred in New England and the Mid-Atlantic.

January 9, 2014
Storage Operator Trying to Duck Market Risk, FERC Told

Storage Operator Trying to Duck Market Risk, FERC Told

A Gulf Coast natural gas storage operator’s application to abandon capacity solely due to weak market conditions is contrary to the public interest, would set a dangerous precedent if granted, and is not supported by FERC policy, the Commission was told in a Tuesday filing.

January 8, 2014

East Leads All Points Lower as Polar Vortex Departs; Futures Slip

With the record cold giving way to more seasonal winter temperatures, natural gas prices for Thursday delivery continued to retreat on Wednesday. Losses were widespread, ranging from a low of just 10 cents in Southern California to multiple-dollar losses at points around New York City.

January 8, 2014

Gas and Power Chaos Lingers; Cold Retreating

As cold — albeit waning — continued to grip much of the United States Tuesday, power plants in PJM Interconnection and ISO New England wereimpacted by natural gas delivery issues and/or high prices for the fuel. The Energy Information Administration (EIA) said pipelines into New England were constrained by the Polar Vortex. Meanwhile, throughput at a central Alabama gas utility was running at 10-year record levels.

January 7, 2014