Items Tagged with 'storage'

ARTICLES

Plump Storage Build On Tap; November Called 4 Cents Lower

November natural gas is set to open 4 cents lower Thursday morning at $3.62 as traders anticipate a government report showing another round of above-average storage builds and the market puts in a new low overnight. Petroleum markets rose in overnight trading. Read More

Oil Markets Falling Hard, Yet November Seen Unchanged

November natural gas is expected to open unchanged at $4.02 Thursday morning as traders await government storage data that is expected to show larger than normal inventory builds and at the same study weather reports that show no clear signs of inducing any major market moves. Oil markets overnight continued Wednesday's losses. Read More

Weather, Technicals Keep Expiring October Below $4

The expiring October natural gas futures contract is expected to open 3 cents lower Friday morning at $3.94, with traders squaring books as it goes off the board. Weather forecasts continue to be unsupportive, and technical thresholds remain intact. Overnight oil markets were mixed. Read More

Storage Estimates Topping 100 Bcf; October Called 3 Cents Lower

October natural gas is set to open 3 cents lower Thursday morning at $3.88 as traders await storage data that is expected to continue an ongoing process of deficit contraction relative to both last year and the five-year average. Overnight oil markets rose. Read More

Technical Breakout Seen Looming; October Called A Penny Higher

October natural gas is set to open a penny higher Wednesday morning at $4.00 as traders discount expected hefty storage builds and assess the likelihood of a technically-based advance. Overnight oil markets rose. Read More

Analyst Suggests Cool-Down Not Priced In; October Called a Penny Higher

October natural gas is set to to open a penny higher Friday morning at $3.83 as traders engage in nominal short-covering before the weekend. Overnight oil markets were narrowly mixed. Read More

Boardwalk Buying Gulf Coast Ethylene Pipeline From Chevron

Boardwalk Pipeline Partners LP has agreed to acquire Chevron Petrochemical Pipeline LLC, owner of the Evangeline ethylene pipeline system, for $295 million in cash. Boardwalk plans to connect the pipeline to its Louisiana storage facilities. Read More

Northern Natural Kansas Condemnation to Cost Company $7.3M

More than three years after Northern Natural Gas Co. was allowed to condemn more than 9,000 acres in south-central Kansas to contain gas migrating from an underground storage facility, the company got the bill for its action: about $7.3 million. That is far less than what landowners and oil/gas producers were seeking. Read More

Production Gains Seen Trumping Weather; September Called 2 Cents Lower

September natural gas is set to open 2 cents lower Friday morning at $3.87 as weather forecasts moderate and traders expect production gains to ultimately dominate short-term weather developments. Overnight oil markets fell. Read More

Storage Remains Drag for NW Natural, But CEO Undaunted

Smarting from losses on a merchant natural gas storage venture, Portland, OR-based NW Natural CEO Gregg Kantor nevertheless on Tuesday held out hope for better times ahead through various growth initiatives and the company's ongoing investment in gas reserves for its utility customer base. Read More