News
New England's Wholesale Power Markets Operated Competitively in 2012
The $6.1 billion wholesale electricity markets in New England operated efficiently and competitively in 2012, according to a report released today by the Internal Market Monitor (IMM) of ISO NewEngland Inc., the operator of the region's bulk power system and wholesale electricity markets.; Click here for full 5/16/13 Newsletter
Gas Pipeline Official Says Gas-grid Coordination More a Grid Issue
There are many issues to be resolved in terms of power grid and natural gas supply coordination, particularly in gas-dependent New England.; Click here for full 5/9/13 Newsletter
ISO New England Says Region Has Enough Power to Meet Summer Peak Demands
The six-state New England power grid is expected to carry enough electricity to meet consumer demand under normal weather conditions this summer.; Click here for full 5/2/13 Newsletter
4 Reasons Coal Declines Even As Natural Gas Prices Rise
U.S. power plants began burning more coal in February as natural gas prices rose, but coal's resurgence will not overcome its long-term decline, according to a report released today by the U.S. Energy Information Agency.; Click here for full 4/25/13 Newsletter
Natural Gas Prices Rise From Historic Lows, Easing Pressure on Renewable Energy and Coal
Wholesale natural gas prices have doubled during the last year, and that’s bringing sighs of relief from an unusual variety of interests.; Click here for full 4/18/13 Newsletter
Year-to-date Natural Gas Use For Electric Power Generation is Down From 2012
Natural gas used to generate electricity so far this year is below the high level during the comparable 2012 period, when low natural gas prices led to significant displacement of coal by natural gas for power generation.; Click here for full 4/11/13 Newsletter
Patriot Energy Group to Sponsor Bill Martel Racing for the NASCAR Camping World Truck Series Race
Patriot Energy Group, is proud to announced today its new partnership with Bill Martel Racing (BMR) for the NASCAR Camping World Truck Series Lucas Oil 200 at the Dover International Speedway in Dover, Delaware on May 31, 2013.; Click here for full Press Release
US Natural Gas: Summer Outlook
With both cash and summer forward natural gas prices averaging well above year-ago levels so far this year, some markets could surpass last year’s seasonal highs when the mercury rises this summer as pipeline maintenance, low hydro supplies, strong demand and a host of other issues underpin markets.; Click here for full 4/4/13 Newsletter
Northeast Wholesale Power Falls as Demand Drops Below Forecasts
Wholesale electricity prices from New York to Maine declined as demand dropped below forecasts amid milder weather.; Click here for full 3/28/13 Newsletter
NE's Dependence on Natural Gas Poses Threat to Electricity Prices
While natural gas is a much cleaner that fuel oil and coal and increasingly plentiful as shale reserves are tapped, New England's limited natural gas pipeline capacity is constraining supplies.; Click here for full 3/21/13 Newsletter
PJM Facing Unprecedented Generating Retirements
PJM authorized more than 750 electric transmission improvement projects in 2012, totaling more than $5 billion. These projects were driven by massive shifts in the fuels used to generate electricity.; Click here for full 3/14/13 Newsletter
Natural Gas Dethrones King Coal As Power Companies Look To Future
The way Americans get their electricity is changing. Coal is in decline. Natural gas is bursting out of the
ground in record amounts. ; Click here for full 3/7/13 Newsletter
EIA Reports Strong US Renewables and Gas Power Performance
Renewable power generation sources performed strongly last year, while coal, oil and nuclear power declined. ; Click here for full 2/28/13 Newsletter
FERC: All New U.S. Electricity Capacity in January from Renewable
The Federal Energy Regulatory Commission has released data for January showing that all new energy created in the month was provided by renewable energy sources. ; Click here for full 2/21/13 Newsletter
DNV KEMA's Retail Energy Markets Team Forecasts Competitive Power
Competitive power markets will continue to expand aggressively in the next two years for homeowners and small businesses. Slower growth is expected in the non-residential segment over the same time period. ; Click here for full 2/14/13 Newsletter
EPA: Power Plants Remain Largest Stationary Source of Greenhouse
The U.S. Environmental Protection Agency posted the second year of greenhouse gas emissions data on its website Feb. 5. The information, which shows GHG emissions in 2011, allows public access to emissions data by sector, greenhouse gas and geographic region. ; Click here for full 2/7/13 Newsletter
U.S. 2012 Wind Power Reached Record 13,124 Megawatts, Beats Gas
U.S. wind-energy developers added a record 13,124 megawatts of turbines last year, beating natural gas to become the largest new source of power generation for the first time. ; Click here for full 1/31/13 Newsletter
Wholesale Energy Costs Down in New England
Wholesale prices for electricity in New England in 2012 fell to their lowest levels in a decade as the cost of the natural gas used to power generating plants continues to fall, according to the operator of the region’s wholesale power market and electric grid. ; Click here for full 1/24/13 Newsletter
Average wholesale electricity prices down compared to last year
Average, on-peak day-ahead electricity prices were lower across the entire United States in 2012 compared to 2011. In wholesale electric regions where prices declined in both 2011 and 2012, the drops in 2012 were generally larger.; Click here for full 1/10/13 Newsletter
Energy Efficiency Saves New England $260 Million In Transmission Costs
Energy efficiency represents the biggest potential to cut consumer costs and reduce power
demand.; Click here for full 1/3/13 Newsletter
Report Finds Electricity Markets Rife with Innovation, Customer Satisfaction
Competitive retail electricity markets are flourishing in the dozen states that permit robust customer choice in electricity.; Click here for full 12/20/12 Newsletter
Slowdown Seen in Electricity Prices
Ratepayers are getting a bit of a break on the price of electricity, according to the latest government analysis.; Click here for full 12/13/12 Newsletter
Customers Benefit as Organized Wholesale Power Markets Delivering Savings, Efficiencies
Evidence of the value for customers from organized competitive wholesale power markets continues to pile up.; Click here for full 11/29/12 Newsletter
Carbon Tax Could Curb Emissions While Cutting Deficit
In the search for safety barriers at the edge of the US fiscal cliff, a carbon tax is a possible solution that's expected to get serious attention during the remainder of 2012 and beyond. ; Click here for full 11/15/12 Newsletter
Preparing the Power Grid for the Next Sandy
Hurricane Sandy left over eight million people along the East Coast without power. More than a week later, hundreds of thousands are still in the dark. ; Click here for full 11/8/12 Newsletter
Blackouts Remain for 6.1 Million as Power Repairs Begin
Power has been restored to about 28 percent of those blacked out by Hurricane Sandy, still leaving 6.1 million customers without electricity as utility workers restrung wires and repaired flooded equipment.; Click here for full 11/1/12 Newsletter
Texas Officials May Double Electricity Price Cap
The Texas Public Utility Commission is likely to double the price cap on wholesale electricity to encourage more generation.; Click here for full 10/25/12 Newsletter
Fuel Switching Is Not So Easy
In the United States, utilities have been switching fuels for the power generators. While many commentators believe the motivation to switch is regulatory, the primary incentive is economics.; Click here for full 10/18/12 Newsletter
U.S. Electric Grid Gets Regulatory Jolt Into 21st Century
Order 1000 sets out broad guidelines for planning, building and paying for new transmission lines designed to meet growing demand, maintain reliability and, crucially, bring on line remote alternative energy sources such as wind and solar.; Click here for full 10/11/12 Newsletter
States Boost Energy Efficiency, But Which do Best?
Energy policy may be divisive on Capitol Hill and the campaign trail, but states - blue and red - are making major gains in energy efficiency, says a 50-state scorecard released today.; Click here for full 10/4/12 Newsletter
Energy Independence Won't Guarantee Low Prices
On the presidential campaign trail, both Mitt Romney and Barack Obama have vowed to break the United States free of foreign oil, offering a pledge of at least North American "energy independence."; Click here for full 9/27/12 Newsletter
New York Grid Sees More Risk of Outages in Next Decade
Coal and nuclear power plant retirements in New York state could lead to transmission and generation problems, increasing the risk of power outages in the next few years.; Click here for full 9/20/12 Newsletter
U.S. Carbon Emissions Fell in Three of Last Four Years
The amount of carbon dioxide emitted from energy production declined in the U.S. in 2011 the third time in four years and the fourth time in the last six years that has happened, the Energy Department said Tuesday.; Click here for full 9/13/12 Newsletter
More Gas-fired Power May Hike Winter Blackout Risk
The Federal Energy Regulatory Commission (FERC) spent August holding five regional conferences, where commissioners discussed local situations directly with electric grid operators, utilities, power generators, natural gas pipeline operators and gas producers and distributors.; Click here for full 9/6/12 Newsletter
Weakening Tropical Storm Isaac Eases Gulf Energy Threat
Tropical Storm Isaac's threat to offshore energy production in the Gulf of Mexico eased as the weather system weakened while still dumping rain and producing storm surges over Louisiana. Forecasters expect it to become a tropical depression later today.; Click here for full 8/30/12 Newsletter
Reliance on Natural Gas Sparks Concern
New England's increasing reliance on natural gas has regional energy officials worried about potential shortages over the next few years that could disrupt electricity production, especially if the area is hit with an extremely cold winter.; Click here for full 8/23/12 Newsletter
What Is Set to Drive Natural Gas Prices Lower?
With the approaching end of the cooling season and continued strong supply from domestic gas producers, prices are likely to revert to their earlier trading range between $2 and $3 per million BTU.; Click here for full 8/16/12 Newsletter
Lawmakers Urge Obama Administration to OK Natural Gas Exports
Lawmakers ratcheted up pressure on the Obama administration on Tuesday to speed approval for companies to export natural gas, arguing it would help relieve a glut dampening output of the fuel.; Click here for full 8/9/12 Newsletter
Lights Out for the U.S. Power Grid?
In terms of number of people affected, the largest power grid failure in history occurred in India this week, and it raises a question for America: Is the U.S power grid susceptible to a nationwide collapse?; Click here for full 8/2/12 Newsletter
Power Sector Environmental Regulations Could Cost Consumers $2 Trillion
Complying with pending mercury and ozone rules, and possibly carbon regulations, will mean replacing substantial amounts of coal capacity, mainly with natural gas.; Click here for full 7/27/12 Newsletter
Oil, Gas Company Profits Still High, But Down From Last Year; Natural Gas Glut Has Impact
For oil and gas companies, the math was simple in the second quarter: lower prices equaled lower profits.; Click here for full 7/20/12 Newsletter
Electric Rates Not Falling Along With Fuel Costs
A plunge in the price of natural gas has made it cheaper for utilities to produce electricity. But the savings aren't translating to lower rates for customers. Instead, U.S. electricity prices are going up.; Click here for full 7/12/12 Newsletter
Texas PUC to Vote on Wholesale Power Price Caps
With temperatures now soaring into the 100s, the Texas Public Utility Commission is set to vote Thursday on raising the price cap on wholesale electricity rates by 50 percent later this summer.; Click here for full 6/28/12 Newsletter
Power Companies Ready for U.S. Northeast Heat Wave
With air conditioners cranking as a heat wave bears down on the U.S. Mid-Atlantic and Northeast, demand for power should surge, but not to record levels.; Click here for full 6/21/12 Newsletter
Power Industry Grapples with Natural Gas Markets
Last Friday, a small group of influential industry leaders and policy analysts gathered in Baltimore, MD to discuss the increasingly complex and poorly coordinated interface between electric and gas markets..; Click here for full 6/14/12 Newsletter
U.S. Ethics Group Urges Probe of Natural Gas Output Cuts
A Washington-based ethics watchdog has asked the U.S. Department of Justice to investigate whether energy firms conspired to fix natural gas prices by cutting production this year, an allegation the producers deny.; Click here for full 6/7/12 Newsletter
Shale Energy Boom Dangles Prospect of Leap in Economic Growth
America's reliance on fuel imports has sucked vigor from its economy for decades. Now an oil and natural gas boom holds out the prospect for a new era of stronger U.S. economic growth.; Click here for full 5/31/12 Newsletter
Wholesale Prices Flirt with Lows: ISO-NE
Wholesale electricity prices in New England inched up 2 cents in April, continuing a trend of record or near-record low prices for the region in recent months, according to numbers released Wednesday by ISO New England.; Click here for full 5/24/12 Newsletter
Electric Sector Sparking Natural Gas Optimism
Long-term shifts in electric sector demand from coal to natural gas are under way and will drive gas prices higher than expected this year and to $4 per million Btu in 2013, says a veteran analyst.; Click here for full 5/17/12 Newsletter
Power Companies Hope for El Nino Break from Record Summer Heat
Is the US headed for a cooler summer and a lower demand for energy-intensive air conditioning following the surging temperatures of recent years?.; Click here for full 5/10/12 Newsletter
Energy Officials See Another Natural Gas Treasure Trove
The Department of Energy will launch new research into technologies for unlocking methane gas trapped in icelike crystals on Alaska's North Slope, after promising tests earlier this year.; Click here for full 5/3/12 Newsletter
New Federal Fracking Rules Expected 'Soon’
The Interior Department won't rush its regulations for hydraulic fracturing on federal land because if drilling there isn't done safely, it "could create an Achilles heel for natural gas" and hinder production across the U.S., says Interior Secretary Ken Salazar.; Click here for full 4/26/12 Newsletter
Hurricanes to Provide Little Gas Support: Energy Markets
A below-average Atlantic storm season in 2012 probably will provide little support for energy prices as natural gas trades at 10-year lows.; Click here for full 4/19/12 Newsletter
Energy Regulators in New Push to Quash Manipulation
Emboldened energy market regulators are mounting an aggressive new campaign to stamp out a once commontrading practice that crosses physical and paper markets, unnerving traders who fear a backlash over years-old deals.; Click here for full 4/12/12 Newsletter
Customer Switching Grows in States With Retail Choice
The number of electric utility customers buying power from retail marketers has climbed substantially in the last few years and the benefits should prompt more states to enact retail choice.; Click here for full 4/5/12 Newsletter
Volcker Rule Could Raise Energy prices, Study Says
The proposed Volcker rule crackdown on trading and investing by banks could cause gasoline, electricity and natural gas prices to rise, according to a new report.; Click here for full 3/29/12 Newsletter
Obama to Fast-track Oil Pipeline, Other Projects
President Barack Obama will direct federal agencies to fast-track an oil pipeline from Oklahoma to Texas, backing a segment of the larger Keystone XL project that he rejected earlier this year.; Click here for full 3/22/12 Newsletter
Crude Futures Rise in New York, Gaining as Much as 0.6%
Crude oil for April delivery dropped 28 cents, or 0.3 percent, to $105.15 a barrel at 9:40 a.m. on the New York Mercantile Exchange.; Click here for full 3/15/12 Newsletter
Clean-Energy Plan Seen Benefiting Natural Gas Suppliers
Natural gas, which already is edging aside coal in American electricity generation, would be one of the biggest benefi ciaries of a clean-energy mandate for utilities under consideration in Congress this year.; Click here for full 3/8/12 Newsletter
U.S. Natural Gas Ends Up Ahead of Stocks Report
U.S. natural gas futures ended higher on Wednesday, backed by slightly cooler weather forecasts and some technical buying after four straight losing sessions and on the eve of a weekly government inventory report.; Click here for full 3/1/12 Newsletter
U.S. Gas Low Enough to Boost Switch From Coal
U.S. natural-gas prices are in a "stable”" range that is low enough to encourage power generators to switch from coal and high enough to keep gas producers from cutting production.; Click here for full 2/23/12 Newsletter
Cape Wind's Nstar Deal May Spur Financing of U.S. Offshore Farm
Nstar's agreement to purchase power from Cape Wind Associates LLC may lead to financing of the first U.S. offshore wind project.; Click here for full 2/16/12 Newsletter
Pennsylvania Set to Let Counties Put Fees on Natural-Gas Wells
Pennsylvania lawmakers passed a bill to let counties levy fees on natural-gas wells, which the state estimates may generate about $211 million in revenue this year.; Click here for full 2/9/12 Newsletter
Cheap Natural gas jumbles energy markets, stirs fears it could inhibit renewables
For the past three years, promoters of shale gas and environmentalists opposed to coal-fi red power plants have hailed the sudden abundance of U.S. natural gas as a bridge to a renewable energy future.; Click here for full 2/2/12 Newsletter
Obama seeks to lift natural gas demand
Plans to increase US demand for natural gas, including a new tax break for gas-fuelled trucks, are being unveiled by President Barack Obama on Thursday as part of the effort set out in his state of the union address to support "American-made energy"..; Click here for full 1/26/12 Newsletter
Obama Rejects Canada-Texas Oil Pipeline for Now
In a politically explosive decision, President Barack Obama on Wednesday rejected plans for a massive oil pipeline through the heart of the United States, ruling there was not enough time for a fair review before a looming deadline forced on him by Republicans.; Click here for full 1/19/12 Newsletter
Nigerian Unions Vow to Paralyze Oil Output
Nigeria's two main oil unions threatened to shut output in Africa's top crude producer as a national strike entered its fourth day, mounting pressure on President Goodluck Jonathan to restore fuel subsidies.; Click here for full 1/12/12 Newsletter
US Natural Gas Supplies Shrank Last Week
The nation's natural gas supplies fell last week, the government said Thursday. The Energy Department's Energy Information Administration said in its weekly report that natural gas in storage shrank by 76 billion cubic feet to 3.472 trillion cubic feet for the week ended Dec. 30.; Click here for full 1/05/12 Newsletter
Oldest U.S. Coal-Fired Plant Converts to Gas
Stricter U.S. regulations on pollution control, together with higher costs incurred in burning coal, have prompted Pennsylvania's Sunbury Generation LP, owner of one of the nation's oldest coalfired power plants, to switch to natural gas by 2015.; Click here for full 12/29/11 Newsletter
EPA tells nation's dirty power plants to clean up
The largest remaining source of uncontrolled toxic air pollution in the United States, the nation's coal- and oil-fi red power plants, will be forced to reduce their emissions or shut down, under a federal regulation released Wednesday.; Click here for full 12/22/11 Newsletter
Oil Rebounds After Biggest Decline Since September Spurs Buying
Oil rebounded from a fi ve-week low in New York on speculation that yesterday's drop, the biggest since September, was exaggerated.; Click here for full 12/15/11 Newsletter
Utility output falls 3.2% on year in week: EEI
Utilities generated 73,695 GWh in the week ended Saturday, 3.2% below the 76,142 GWh generated in the corresponding week of 2010, the Edison Electric Institute said Wednesday. The weekly total was 4,329 GWh above the 69,366 GWh generated in the week ended November 26, EEI said. Dec. 8.; Click here for full 12/08/11 Newsletter
Oil Fluctuates on U.S. Jobless Claims, Rally in Spanish, French Bonds
Oil fl uctuated in New York as more Americans than forecast fi led applications for unemployment benefi ts and as a rally in Spanish and French bonds reduced concern that the European debt crisis is worsening. Dec. 1.; Click here for full 12/01/11 Newsletter
Oil Slides From Five-Month High Amid Speculation Europe Crisis Spreading
Oil fell from a five-month high in New York as Spain's borrowing costs surged, heightening concern that Europe's debt crisis is spreading and will hurt demand. Nov. 17.; Click here for full 11/17/11 Newsletter
Oil Rises Near Three-Month High on Europe Sentiment, U.S.Supply
Oil rose in New York on speculation Europe's economy may weather the region's debt crisis, as equity markets erased earlier losses and the euro recovered against the dollar. Nov. 10.; Click here for full 11/10/11 Newsletter
Oil price rises on US jobs report
Oil is rising as investors turned their attention from Europe's debt struggles to encouraging news about the U.S. economy..... Nov. 03.; Click here for full 11/3/11 Newsletter
Crude Oil Gains on European Debt Agreement, Signs of U.S.Economic Growth
Oil advanced in New York after European leaders agreed on measures to tame a sovereign debt crisis that threatens to slow economic growth and curb demand for commodities.... Oct. 27.; Click here for full 10/27/11 Newsletter
Oil prices rise on surprise supply drop
Oil prices are climbing on an unexpected drop in U.S. crude supplies. Benchmark crude rose 75 cents to $89.28 per barrel on Wednesday in New York. Brent crude rose 39 cents to $111.54 in London... Oct. 20.; Click here for full 10/20/11 Newsletter
Oil Falls for a Second Day on Speculation U.S. and China Demand Will Slow
Oil dropped for a second day in New York as signs of weakening U.S. fuel demand and slowing crude imports in China stoked speculation that consumption will falter in the world's largest energy users.. Oct. 13.; Click here for full 10/13/11 Newsletter
Crude Rises for a Second Day After U.S. Stockpile Drop, Jobs Increase
Oil rose for a second day in New York as shrinking U.S. crude supplies, better-than-expected economic data and signs Europe can control its debt crisis allayed concern that fuel consumption will suffer. Oct. 06.; Click here for full 10/06/11 Newsletter
Crude oil supplies rise by 1.9 million barrels
The nation's crude oil and gasoline supplies rose last week, the government said Wednesday. Crude supplies increased by 1.9 million barrels, or 0.8 percent, to 341 million barrels, which is 4.7 percent below year-ago levels, the Energy Department's Energy Information Administration said in its weekly report. Sept. 29.; Click here for full 09/29/11 Newsletter
Oil companies face new regulations to save birds
In the wake of federal charges accusing seven oil companies with killing 28 migratory birds in open waste pits, oil and gas drilling operations in North Dakota could soon be hit with state regulations that one advocate said would change the face of the state's drilling industry - and save a lot of birds. Sept. 22.; Click here for full 09/22/11 Newsletter
Patriot Energy Playing for Parkinson's
As part of our ongoing community involvement Patriot Energy participated in the Playing for Parkinson's fundraising event this past Wednesday, September 14th. The funds raised during this event will support several important initiatives within the Parkinson's Disease Center at Beth Israel Deaconess Medical Center. Sept. 15.; Click here for full 09/15/11 Newsletter
Natural-Gas Supply Probably Rose 65 Bcf
The U.S. Energy Department's naturalgas inventory report, scheduled for release at 10:30 a.m. in Washington, will show that supplies rose 2.2 percent last week, according to a survey of Bloomberg users. Sept. 07.; Click here for full 09/07/11 Newsletter
Oil Rises as Irene Heads for the East Coast
Oil rose Thursday afternoon as concerns grew about the potential impact of Hurricane Irene on U.S. oil and gas supplies. Benchmark West Texas Intermediate crude rose 62 cents at $85.78 per barrel in New York. Brent crude, which is used to price oil produced abroad, rose $1.10 to $111.25 per barrel in London. Aug. 25.; Click here for full 08/25/11 Newsletter
Natural gas stocks grow more than expected
The nation's natural gas supplies rose more than analysts expected last week, the government said Thursday. The Energy Department's Energy Information Administrationbsaid in its weekly report that natural gas held in underground storage in the lower 48 states increased by 50 billion cubic feet to about 2.833 trillion cubic feet for the week ended Aug. 12.; Click here for full 08/17/11 Newsletter
Gasoline Gains After Report Shows Decline in U.S. Stockpiles
Gasoline futures advanced the most in four weeks after the Energy Department reported that inventories fell for the first time in a month. Futures rose 4.3 percent after the department said stockpiles fell 1.59 million barrels to 213.6 million. Crude supplies fell a second straight week and distillate inventories dropped for the first time since July 1.; Click here for full 08/11/11 Newsletter
Natural Gas Gains First Day in Six on Hot Weather
Scheduled natural gas deliveries to U.S. electricity generators dropped for the first time in three days as shipments to the Northeast declined. A sample of scheduled deliveries to power plants in the U.S. and Canada shows shipments fell 6.3 percent to 22.9 million dekatherms (22.3 billion cubic feet) from 24.4 million yesterday, according to data compiled by Bloomberg. Schedules for 702 of 743 pipelines had been reported as of 3:02 p.m. Scheduled shipments to power generators in the Northeast dropped 1.8 percent to 2.27 million dekatherms, with all 57 pipelines in the region having reported deliveries.; Click here for full 08/03/11 Newsletter
Natural Gas Futures Drop After Bigger-Than-Forecast Supply Gain
Natural gas futures declined after a government report showed U.S. stockpiles climbed more than analysts expected last week. Gas dropped 1.7 percent after the Energy Department said inventories rose 43 billion cubic feet in the week ended July 22 to 2.714 trillion cubic feet. Analyst estimates compiled by Bloomberg showed again of 38 billion.; Click here for full 07/28/11 Newsletter
Gas Stockpiles Probably Rose 61 Billion Cubic Feet>
U.S. natural-gas inventories probably rose 61 billion cubic feet last week,more than the gain a year earlier, as higher nuclear production reduced demand for gas-powered electricity, analyst estimates compiled by Bloomberg show.… Click here for full 07/21/11 Newsletter
Natural Gas Futures Continue Lower After Weekly Inventory Report>
Natural-gas futures plunged Thursday after the government reported a bigger-than-expected weekly build in U.S.inventories.Natural gas for August delivery recently traded down 6.5 cents, or 1.5%, to $4.338 a million British thermal units on the New York Mercantile Exchange. The Energy Information Administration said U.S. natural-gas stockpiles rose by 84 billion cubic feet last week, above the 76-bcf predicted by analysts surveyed by Dow Jones Newswires.… Click here for full 07/14/11 Newsletter
Natural Gas Climbs as Forecasters Predict Return of Heat Wave
Natural gas advanced in New York,posting a third straight weekly gain, on forecasts for a wave of hot weather from the Midwest to the Atlantic Coast this month that would boost demand from power plants. Gas futures climbed 1.8 percent after predictions for above-normal temperatures in parts of the Midwest, South and mid- Atlantic from June 20 through June 24.… Click here for full 06/09/11 Newsletter
Natural Gas Futures Drop After Bigger-Than-Forecast Supply Gain
Natural gas futures dropped from a three-week high after a government report showed that U.S. inventories increased more than forecast last week. Gas declined 1.2 percent after the Energy Department said stockpiles rose 105 billion cubic feet in the week ended May 20 to 2.024 trillion cubic feet. Analyst estimates showed an expected gain of 95 billion.… Click here for full 05/26/11 Newsletter
Natural Gas Futures Hit 4-Week Low After Highest Build Of Year
Natural gas futures extended their earlier losses Thursday after a government report showed the largest weekly build in U.S. inventories so far this year. Natural gas for June delivery recently traded 8.2 cents, or 2%, lower,at $4.116 a million British thermal units on the NYMX. Futures fell as low as $4.088/MMBtu, the lowest intraday price since April 18. The contract traded at about $4.127/MMBtu before the report..… Click here for full 05/19/11 Newsletter
Natural Gas Futures Climb in New York on Smaller-Than-Forecast
Natural gas futures rose in New York after the Energy Department said U.S. stockpiles climbed 70 billion cubic feet last week to 1.827 trillion. Natural gas for June delivery rose 2.8 cents, or 0.7 percent, to $4.209 per million British thermal units after the report was released at 10:30 a.m. in Washington. Gas was trading at $4.189 per million Btu before the storage report.… Click here for full 05/12/11 Newsletter
Natural Gas Tumbles on Storage Increase, Drop in Commodities
Natural gas futures tumbled, heading for the biggest loss in almost seven months, after a government report showed a bigger-than-forecast U.S. inventories gain. Declines accelerated as commodity markets sank on concern economic growth will slow. Gas fell as much as 5.7 percent after the Energy Department said stockpiles increased 72 billion cubic feet in the week ended April 29. Analyst estimates showed an expected gain of 67 billion.… Click here for full 05/05/11 Newsletter
Natural Gas Rises to Three-Month High on Small Storage Increase
Natural gas futures jumped to the highest price in more than three months after a government report showed a smaller-than-forecast stockpile increase. Gas rose for the first time in four days after the Energy Department said inventories increased 31 billion cubic feet in the week ended April 22 to 1.685 trillion. Analyst estimates showed a gain of 38 billion.… Click here for full 04/28/11 Newsletter
Natural Gas Futures Fall, Hit Lowest Price Since November
Natural gas futures Thursday fell to their lowest levels since mid-November as an as-expected storage report didnt provide much support to a market pressured by moderating demand forecasts and a robust production outlook. Natural gas for April delivery recently traded 3.7 cents, or 1% lower, at $3.781 a million British thermal units on the New York Mercantile Exchange. Futures fell as low as… Click here for full 03/03/11 Newsletter
Natural Gas Futures Hit 3 Month Lows After Storage Report
Natural gas futures Thursday fell to their lowest levels since November after a larger-than-average weekly inventory decline wasn't enough to support a market focused on mild weather forecasts and the coming seasonal decline in gas-heating needs. Natural gas for March delivery recently traded 6.8 cents lower, or 1.7%, at $3.853 a million British thermal units on the NYMEX. The benchmark futures contract fell as… Click here for full 02/17/11 Newsletter
Natural Gas Futures Hit 7-Week Lows After Storage Report
Natural gas futures fell to their lowest levels in seven weeks as traders looked past a larger-than-average weekly draw from storage and focused on the coming end to winter's peak heating demand period. Natural gas for February delivery recently traded 4.4 cents lower, or 1.1%, at a million British thermal units on the New York Mercantile Exchange. Futures fell as low as $3.99/MMBtu after the report, the lowest intraday price since Dec. 22. Futures haven't settled below the $4 mark since… Click here for full 02/10/11 Newsletter
Natural Gas Rises to Five-Month High on Inventory Decline
Natural gas futures declined for the second day in three after a government report showed that U.S. stockpiles didn't drop enough to erase a surplus as the weather turns warmer. Gas prices slipped after the Energy Department report showed that inventories fell… Click here for full 02/03/11 Newsletter
Natural Gas Rises to Five-Month High on Inventory Decline
Natural gas dropped to a four-week low on speculation that a stockpile decline last week wasn't enough to keep supplies from reaching a record by November. Gas fell 3.9 percent after the Government said inventories dropped 174 billion cubic feet to 2.542 trillion. Analyst estimates showed… Click here for full 01/27/11 Newsletter
Natural Gas Rises to Five-Month High on Inventory Decline
Natural gas futures rose to the highest price in more than five months after a government report showed that U.S. inventories fell more than forecast last week as cold weather boosted demand for the heating fuel. Gas gained 2.9 percent after the Energy Department said… Click here for full 01/20/11 Newsletter
Natural Gas Futures Drop on Storage, Moderating Weather Outlook
Natural gas futures dropped for the first day in three on forecasts of milder weather that may limit demand for the heating and power plant fuel. Gas declined as much as 1.6 percent as temperatures may be normal or above-normal in the Midwest from Jan. 23 through Jan. 27, according to the Commodity Weather Group in Bethesda, Maryland. Earlier weather forecasts had shown… Click here for full 01/13/11 Newsletter
01/06/11: Natural Gas Off Highs as U.S. Supplies Drop Less Than Expected
Natural gas futures climbed for the fifth time in six days after a government report today showed that U.S. stockpiles fell more than forecast. Gas rose as much as 2.4 percent as inventories dropped 135 billion cubic feet in the week ended Dec. 31 to 3.097 trillion, the Energy Department said. Analyst estimates showed… Click here for full 01/01/11 Newsletter
12/30/10: Natural Gas Off Highs as U.S. Supplies Drop Less Than Expected
The nation's natural gas supplies fell last week, the government said Thursday. The Energy Department's Energy Information Administration said in its weekly report that natural gas held in underground storage in the lower 48 states dropped by 136 billion cubic feet to about 3.232 trillion cubic feet for the week ended Dec. 24. Analysts expected a… Click here for full 12/30/10 Newsletter
12/16/10: Natural Gas Prices Drop to One-Month Low on Inventory Report
Natural gas futures fell to the lowest level in almost a month after a government report showed a decline in U.S. stockpiles that was close to analysts' forecasts. Gas tumbled as much as 4.3 percent after the Energy Department said stockpiles slipped 164 billion cubic feet in the week ended Dec. 10 to 3.561 trillion cubic feet, in line with analyst estimates of… Click here for full 12/16/10 Newsletter
12/09/10: Natural Gas Futures Drop as Report Shows Ample Winter Supplies
Natural gas futures fell from a four month high as a government report showed adequate supplies of the heating fuel for the cold-weather months. Stockpiles dropped 89 billion cubic feet in the week ended Dec. 3 to 3.725 trillion cubic feet, the Energy Department said today. Inventories were 9.8 percent above five year average. Analysts estimated… Click here for full 12/09/10 Newsletter
12/02/10: Natural Gas Falls after Inventories Decline Less Than Expected
Natural gas futures fell in New York, heading for the first weekly decline in three weeks, after a smaller than expected stockpile drop signaled ample supplies. Gas dropped after the report showed that inventory levels fell 23 billion cubic feet in the week ended Nov. 26 to 3.814 trillion, an Energy Department report showed. A surplus to the five-year average… Click here for full 12/02/10 Newsletter
11/18/10: Natural Gas Futures Extend Decline in After Inventory Increase
Natural gas futures extended a decline after a government report showed that U.S. stockpiles rose to a record for a second straight week. Gas inventories rose 3 billion cubic feet in the week ended Nov. 12 to 3.843 trillion cubic feet, the Energy Department said today. Analyst estimates showed a gain of 8 billion. Natural gas for December delivery fell… Click here for full 11/18/10 Newsletter
11/11/10: Natural Gas Falls, Snapping Rally, as Supplies Rise to Record
Natural gas futures fell for the first time in five days after a government report showed that U.S. stockpiles rose to a record last week. Gas inventories increased 19 billion cubic feet in the week ended Nov. 5 to 3.84 trillion cubic feet, the Energy Department said today, topping the record set in last November. U.S. gas output this year will rise to the highest level in 37 years, the department forecast yesterday… Click here for full 11/11/10 Newsletter
11/04/10: Natural Gas Declines After Bigger-Than-Forecast Stockpile Gain
Natural gas futures declined in New York after a government report showed that U.S. inventories increased more than forecast last week, bringing stockpiles close to a record. Supplies gained 67 billion cubic feet in the week ended Oct. 29 to 3.821 trillion, the Energy Department said today. Analyst estimates… Click here for full 11/04/10 Newsletter
10/21/10: Natural Gas Drops to 13-Month Low After Inventory Increase
Natural gas futures dropped to the lowest price in 13 months after a government report showed that U.S. inventories rose more than expected last week. Gas stockpiles increased 93 billion cubic feet in the week ended Oct. 15 to 3.683 trillion, the Energy Department said today. Analysts had expected… Click here for full 10/21/10 Newsletter
10/14/10: Natural Gas Futures Rise as Storage Build Meets Views
Natural Gas futures reversed their earlier losses Thursday, breaking into positive territory after a weekly storage report came in near analysts' expectations. Natural gas for November delivery rose 0.6 cent, to $3.702 per million British thermal units on the New York Mercantile Exchange. The benchmark contract had fallen as low as $3.595/mmBtu in early trading, but pared those losses after… Click here for full 10/14/10 Newsletter
