Natural gas sellers could face antitrust lawsuits stemming from alleged past price manipulation in the Enron era that the U.S. Supreme Court said Monday is now open to state legal action (see Daily GPI, April 21). But the initial reaction in the industry is unclear on what action at the state level is likely to unfold.
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Contractors Fret as Physical NatGas, Futures Grind Lower
Natural gas for delivery Friday eased in Thursday's trading as traders generally elected to get deals done before the mid-morning release of government storage data.
April 23, 2015
Longer Term $3.75 Natural Gas In Play, Analysts Say; May Seen 3 Cents Higher
May natural gas is set to open 3 cents higher Wednesday morning at $2.60 as analysts adjust their 2015 price forecasts lower but see longer term prices over $1 higher. Overnight oil markets were mixed.
April 22, 2015
NGI The Weekly Gas Market Report
CERAWeek: Oil-Indexed LNG Has Burned All Its Friends
Several months ago it was hard to find a global liquefied natural gas (LNG) buyer that had anything nice to say about oil-indexation of LNG contracts. With oil prices having plummeted, one might think buyers would be big fans of oil indexation, but it's more complicated than that.
April 22, 2015
Forecast Cold Rattles Through Physical NatGas Trading; Futures Drift Higher
Cash natural gas prices for Thursday delivery scooted higher Wednesday as traders in eastern and Midwest markets adjusted to a cooler change in the weather regime that is likely to last to the end of the month.
April 22, 2015
Supreme Court Affirms State Power in Natural Gas Market Manipulation Case
The U.S. Supreme Court has upheld a Ninth Circuit ruling that took a narrow view of the jurisdiction of FERC under the Natural Gas Act (NGA), affirming state jurisdiction over retail natural gas sales.
April 21, 2015
Physical NatGas Up, But Marcellus Struggles; Futures Gain
Physical natural gas prices for Wednesday delivery firmed in Tuesday's trading as gains of a nickel or more were posted in the Gulf Coast, Midwest, Midcontinent, Rockies and California.
April 21, 2015
Cash NatGas Widely Mixed; Storage Concerns Prompt Futures Trek Lower
Gas for Tuesday physical delivery showed wide variations in price with eastern and western points showing gains, but locations in the country's mid-section taking declines. Overall the market was 4 cents to $2.34, but double digit gains in New England and the East along with additions of a couple of pennies to Rockies and California points were able to offset declines of a dime or so in the Gulf.
April 20, 2015
Rigs Fell Faster Than Expected, But Raymond James Sees Second-Half Upturn
Declines in U.S. oilfield rig activity will likely continue through May before improving during the second half of this year, analysts at Raymond James & Associates Inc. said in an April 13 note on the U.S. rig count, in which they admitted surprise at how far and how fast the count has fallen to date.
April 17, 2015
Weekend Chill Lifts Midwest, Midcontinent NatGas; Futures Give Back A Nickel
Natural gas for weekend and Monday delivery on balance fell nominally in Friday trading as double-digit declines at eastern points were unable to offset broader gains in the Gulf, Midcontinent and Midwest.
April 17, 2015
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