DJ UPDATE:US GAS: Futures Up, Speculators Bet On Storm
futuresource.quote.com
A cluster of thundershowers was dropping rain over south Florida and the
Bahamas Monday, but meteorologists did not expect the weather system to
strengthen since heavy winds were seen curtailing its development.
N.Y. Natural Gas Rises as Traders Set Sights on Winter Demand
bloomberg.com
Natural gas prices may be pushed higher this quarter by low temperatures brought on by a La Nina weather pattern, the first in seven years, according to George Hopley, an analyst at Barclays Capital in New York.
--
REUTERS: Most U.S. spot natural gas prices rose for
the first time in four trading days, lifted by some near-term hot weather
across the South and late gains in the gas futures market, traders said.
But prices at benchmark Henry Hub in Louisiana and in key gas consuming
city New York showed a fourth straight day of losses, as mild Northeast
weather and near-record high inventories weighed on sentiment.
"The cash was strong, with the heat in Texas and other parts of the
South propping us up. But that weather is gone from everywhere by the
weekend and there won't be any fundamental reasons to hold us up here," a
Texas trader said.
www1.investorvillage.com
Physical Natural Gas Prices for next day delievery - Down in the East, up everywhere else.
intelligencepress.com
--
Bentek
bentekenergy.com
GULF PRODUCTION MONITOR: October 1, 2007
Despite an increase in Independence Hub production to more than 500,000 Dth/d, first-of-the-month Gulf supply has come in much lower, with small declines on several pipelines from the LA offshore. There may be an upward adjustment in the I2 cycle. Louisiana volumes are down 4%. The drop is being partially offset by a 4% increase in Texas production. Total onshore and offshore Gulf supply is down 2% to 11.1 Bcf/d. That's about 6% less than flows on Oct. 1, 2006 and 22% less than flows in August 2005.
TEXAS ENERGY BULLETIN: October 1, 2007
There was a huge shift in west/east differentials in Friday trading, with Ship Channel down by 33 cnts and Waha up 24 cnts. Ship channel was down to $6.09 while Waha was up to $5.77, moving the differential fro 90 cnts to 32 ctns. Flows moving eas increased by 146,000 MMbtu.Henry Hub dropped by 23.6 cnts to $6.15. Ship Channel dropped from 3 cnts over Henry to 9 ctns under. Flows moving from Ship to Henry decreased by 187,000 MMbtu, or about 5%. Waha's 24 cnts increase was matched by a 25 cnt increase at Socal. The differential moved from 3.9 cnts to 4.5 cnts. Panhandle was up 13.8 cnts to $5.46.
US POWER - GAS BURN REPORT: October 1, 2007
US gas burn falls by 753 MMcf today to land at 19 Bcf in total, a 4% decrease from yesterday's I2. Yesterday's I2 nominations fell 124 MMcf from yesterday's evening cycle as burn continues to drop. Sample burns are down across the board from last week, with the RFC and FRCC off the most today. SERC and the NPCC also come in with declines to settle below 1.3 Bcf apiece. The WECC manages a small gain today, up over 3.2 Bcf.
--
Cool Fall weather has been put off for another week.
wxmaps.org
cpc.ncep.noaa.gov
--
Tropical Weather
Shear winds ripped up and destroyed Karen and Melissa over the weekend.
nhc.noaa.gov
The 11:30 AM T.W.O. had this to say about Invest 90L
nhc.noaa.gov
AN UPPER-LEVEL LOW...A DECAYING FRONTAL BOUNDARY...AND A WEAK
SURFACE LOW OVER THE NORTHWESTERN BAHAMAS ARE PRODUCING SQUALLY
WEATHER OVER PORTIONS OF SOUTH FLORIDA...THE BAHAMAS...AND THE
ADJACENT WATERS OF THE WESTERN ATLANTIC. SOME SLOW DEVELOPMENT...
PERHAPS OF A SUBTROPICAL NATURE...IS POSSIBLE DURING THE NEXT
COUPLE OF DAYS AS THIS SYSTEM MOVES SLOWLY WESTWARD OR
WEST-SOUTHWESTWARD.
Very few tracking model have picked up on it.
my.sfwmd.gov |
