Articles tagged PG&E citygate

Against a backdrop of solid demand, possible production cuts and potentially modest August storage injections, natural gas forward prices during the Aug. 1-8 trading period found room to move higher.

Canada’s largest natural gas producer, Tourmaline Oil Corp., expects the already tight California natural gas market to become more lucrative amid rising demand and limited transport capacity.

Pacific inventories of underground natural gas remain elevated relative to historical norms – but far less so than any other region.

Natural gas prices mostly lost ground in August bidweek trading as rising production volumes and stout supplies in storage undercut the impact of forecasts for a sweltering end to the summer.

Natural gas futures, suppressed for most of July amid stronger production and supply surpluses, finished the month on a sour note.

Weather forecasts that called for a sweltering August in California supported baseload natural gas prices in the region on the third day of bidweek trading (July 29), NGI’s Bidweek Alert (BWA) showed.

Modest and directionally mixed forward prices during the July 18-24 trading period hinted at impending strength in natural gas markets amidst ongoing supply concerns and changing weather patterns.

August Nymex natural gas futures deepened losses Thursday despite excessive heat across much of the country. The market appeared to defy the outlook for heavy gas demand in favor of robust supplies.

August natural gas futures were on track to decline for a sixth straight session through midday trading Tuesday, undercut by cooler weather forecasts and weaker cash prices.

Potentially demand-sapping events ahead of the Fourth of July holiday weekend kept pressure on August Nymex natural gas futures Monday as inventories stuck in the craw of a market looking for solid demand to vanquish a hefty surplus.