DJ UPDATE: US GAS:Futures Settle 4.5% Lower On Weather, Storage
futuresource.quote.com
Bloomberg: Natural Gas Falls on Forecast of Warm Winter, Rising Supply
bloomberg.com
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Reuters: U.S. spot natural gas prices
fell at every price point Friday, pressured by forecasts for
milder, autumn weather in much of the nation and lighter
industrial loads from shuttered schools and businesses over the
weekend.
www1.investorvillage.com
Physical Natural Gas Prices for next day delivery - Down right across the board.
intelligencepress.com
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This is not a Bullish Weather pattern.
wxmaps.org
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Bentek
bentekenergy.com
GULF PRODUCTION MONITOR: October 19, 2007
Independence production has rebounded up to 214,000 Dth/d today after dropping to just a trickle on Thursday because of planned maintenance. The hub had been producing more than 600,000 Dth/d five days ago. Total Gulf production is up 2% today with the bulk of the gain in the Federal area offshore Louisiana where Independence feeds into Tennessee Gas. Most of the other pipelines are basically flat today. Texas production has slipped a little and is slightly less than the month-to-date average.
TEXAS ENERGY BULLETIN: October 19, 2007
ERCOT Peak Load dropped to 43 GW and is expected to come off to 39/38 GW for Saturday/Sunday. Henry Hub was down 1.5 cnts to $7.11 while Ship Channel was down 3 cnts to $7.08. Henry is now 3 cnts over Ship Channel. Flows moving east from the Ship Channel area are down by 106,000 MMbtu. Waha was off 1.4 cnts to $6.74, brining the Waha to 34 cnts under Ship Channel. Flows moving east to the Ship Channel area are off by 62,000 MMbtu. The Socal to Waha differential dropped 4 cnts to 34 cnts. The Socal price was $6.85. Flows moving west from El Paso to California are off by 163,000 MMbtu. Panhandle dropped 10.8 cnts to $6.41. Implied heat rates dropped to the 8 range.
US POWER - GAS BURN REPORT: October 19, 2007
US gas burn drops by 1.2 Bcf as we head into the weekend to stand at 19.4 Bcf, a 6% decline from yesterday. Yesterday's I2 nominations rose 778 MMcf from yesterday's evening cycle. The biggest burn drops in our sample today come in the RFC, down 214 MMcf, and the WECC, down 162 MMcf. SERC also drops 144 MMcf to 1.3 Bcf in our sample. The NPCC is also down 57 MMcf as colder weather proliferates in the northern areas of the country today. Burn for the EIA week ending 10/18 comes in at 132 Bcf. |
