Markets

East Weakness Tempered by Steady West; Futures Manage a Gain

Physical natural gas for Friday delivery was mostly lower in Thursday's trading with losses at eastern points offset by moderate changes within a cent or two of unchanged in the Great Lakes, Rockies and California. New England proved to be the day's biggest loser, suffering triple-digit losses as temperatures were forecast to return to normal. Overall, the physical market shed 3 cents. Read More

EIA: Excluding Northeast, NatGas Losing Market Share for Heating

Natural gas continues to be the primary source of fuel for heating at the national level, but excluding the nine states that comprise the Northeast... Read More

Futures Give Downward Nod Following EIA Storage Report

Natural gas futures dropped following the release of government storage figures that were about what traders had been expecting. 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

Eastern Weakness Leads Broad Retreat; Wyoming Fire Prompts Futures Jump

Physical gas prices for Thursday delivery headed south on Wednesday as moderate weather conditions throughout much of the nation offered little incentive to buy next-day gas. Localized market strength was seen in New England on the heels of ongoing pipeline constraints, but the Mid-Atlantic, Marcellus and Great Lakes all fell anywhere from a nickel to a dime. Read More

Alberta Seeing Benefits of North American NatGas Competition

Canadian and U.S. pipeliners have won an unexpected ally for their plans to expand the northbound freeway for natural gas from the eastern United States... Read More

Futures Resisting Moderate Weather; October Called Unchanged

October natural gas is expected to open unchanged at $3.82 as traders see both a soft fundamental and weak technical picture. Read More

Eastern Gains Lead Cash Higher, Yet Futures Grind Lower

Steady to firm next-day prices were able to offset losses in the Mid-Atlantic as well as a volatile eastern pricing matrix in Tuesday's trading. Read More

FERC Staff Files Testimony Backing Charges That BP Manipulated NatGas Market in 2008

The "Texas team" of BP's Southeast gas trading desk engaged in next-day fixed-price natural gas trading at the Houston Ship Channel (HSC) in 2008 in order to benefit its HSC-to-Henry Hub spread position tied to the index, according to testimony by industry analysts filed at FERC Monday by the agency's Office of Enforcement (OE) staff. Read More

Speculative Selling Fading; October Called 4 Cents Higher

October natural gas is set to open 4 cents higher Tuesday morning at $3.89 as traders continue to see a bearish trading environment, but there's a hint that surprises could come to the upside. Overnight oil markets rose. Read More