DJ UPDATE:US GAS: Futures Up More Than 3%; Cold Weather Forecast
futuresource.quote.com
Current gas in storage is 3.443 trillion cubic feet, 18 bcf shy of reaching
last year's levels of 3.461 tcf, the second highest on record, and 29 bcf shy
of reaching the all-time record level of 3.472 tcf set in November 1990.
Bloomberg: N.Y. Natural Gas Rises as Oil Products Gain on Supply Concern
bloomberg.com
``It's all non-physical buyers'' and short covering, said Robert Bernardi, president of energy consultant Executive Energy Services LLC in Fair Haven, Michigan. ``You have such bearish news from storage, to weather, to demand! It's a financial play. There is no way is a physical buyer is buying gas today.''
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Reuters: U.S. spot natural gas prices
rose at every price point Thursday, most for the first time in
five trading days, boosted by stronger gas futures late
Wednesday and a shot of cooler weather in the Midwest and
Northeast that should spark some heating demand, traders said.
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 25, 2007
Gulf production is down 2% today, or 245,000 Dth/d, with the bulk of the decline coming from the offshore. Flows from Independence Hub have dropped 105,000 Dth/d to a total of 551,000 Dth/d. Flows also are down slightly on Destin, Gulfstream and Stingray. Total Louisiana production is down 4% or 320,000 Dth/d. However, Texas onshore production is up 4% because of gains on NGPL and Gulf South. Total production from the Gulf region is flat with levels last year.
TEXAS ENERGY BULLETIN: October 25, 2007
With cool weather in Texas and heat plus nuke outages in the west, the Socal differential over Waha continued to expand and is now up to 57 cnts. Socal dropped by only a nickle to $6.51 while Waha dropped 24 cnts to $5.94. Flows moving west continue at a very high 1.6 BCF. Ship Channel was down 28 cnts to $6.03, bringing the Ship to 9 cnts over Waha. Flows moving east to ship channel remain near zero.Henry dropped 19 cnts to $6.11, increasing the Henry to Ship differential to 9 cnts. Panhandle was off 12 cnts to $5.68. The flow direction from Permian to Waha continues to be reversed. Implied heat rates dropped to the 7 range. |
