DJ US GAS: Futures End 3% Lower On Storage, Lack Of Storms
futuresource.quote.com
"While there are still low pressure systems in the Atlantic, the National
Hurricane Center seems to be lowering the odds these systems will form into a
more powerful storm, and the lower storm threat for now has participants
refocused on the burdensome supply," John Kilduff, an analyst with MF Global in
New York, said in a note to clients. "The short- and medium-term weather
outlook paints a weak demand picture ahead, as well."
Bloomberg: Nymex Natural Gas Falls as Traders Cover Bets Prices Would Rise
bloomberg.com
``There's no threat to anything, so we're taking the hurricane premium out,' Kennedy said. ``It looks like we're going to test $6.75.'
The threat of hurricanes disrupting production eases in October because fewer storms typically form. There's a 4 percent chance of an intense Atlantic hurricane during September, with odds dropping by half to 2 percent in October, the National Hurricane Service estimates, based on 55 years of data.
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Reuters: Most U.S. spot natural gas
prices edged higher on Monday amid the expected return of
normal weekday industrial demand after most schools and some
businesses remained shut for Monday's Columbus Day holiday.
www1.investorvillage.com
Physical Natural Gas Prices for next day delivery - Up almost everywhere.
intelligencepress.com
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Bentek
bentekenergy.com
GULF PRODUCTION MONITOR: October 8, 2007
Gulf production is flat today compared to levels over the weekend at 11.6 Bcf/d (8.4 Bcf/d offshore) but is up to the highest levels seen since early June and is higher than the 11.4 Bcf/d year-to-date average. Independence Hub production has increased to a new high of 510,440 Dth/d. Meanwhile, several other deepwater projects are scheduled to begin production late this year, including Genghis Kahn (Marco Polo), Atlantis (Mardi Gras) and Neptune. The Fed. Offshore LA is among the only Gulf areas showing gains from 2006.
TEXAS ENERGY BULLETIN: October 8, 2007
Ship channel came off 18 cnts to $6.71 while Henry was off 14 cnts to $6.77, resulting in Ship at 6.5 cnts below Henry. The Waha to Ship Channel differential dropped 3 cnts to 20 cnts. Waha was off 15 cnts to $6.51. Socal dropped by 13 cnts, bringing Socal to 4 cents below Waha. Flows moving west from El Paso to Socal dropped by 88.000 MMbtu. Panhandle was off by 11 cnts to $6.07. Temperatures were cooler over the weekend with much cooler temps expected today in West Texas. ERCOT Peak load dropped to 49 GW and implied heat rates are in the 10 range.
US POWER - GAS BURN REPORT: October 8, 2007
US gas burn drops by 677 MMcf today to land at 22.7 Bc, after a weekend that breached 23 Bcf two days in a row. Yesterday's I2 nominations rose 925 MMcf from yesterday's evening cycle. The RFC and SERC have dropped the most today after hitting dramatic weekend burn levels of 1.5 Bcf and 2.1 Bcf respectively. The WECC has dropped below 3 Bcf while the NPCC is steady at 1.4 Bcf.Burn for the EIA week ending 10/11 is projected at 166 Bcf.
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Cool down coming this week
wxmaps.org
but above normal temps later this month
cpc.ncep.noaa.gov
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Tropical Weather.
Invest 94L is the only game left in town.
my.sfwmd.gov
but even if it manages to strengthen into a big bad terrible scary Tropical Depression, it looks like it will just stumble straight into the Yucatan Peninsula. |
