DJ UPDATE:US GAS:Futures End 2.6% Up On Storage Draw futuresource.quote.com
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Reuters: U.S. spot natural gas prices rose at every price point Friday, boosted by forecasts for a brief shot of colder weather in key consuming regions of the nation for the first few days of January. In addition, traders said stronger gas futures, lifted by the strong cash, brief cold spell and a bigger-than-expected weekly drawdown in winter inventories, added support to the market. www1.investorvillage.com
Physical Natural Gas Prices for next day delivery - Up everywhere. intelligencepress.com
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GULF PRODUCTION MONITOR: December 28, 2007 bentekenergy.com
Independence Hub production is ramping up. Flows from the Hub into Tennessee at West Delta 68 have increased to 924,000 Dth/d today from 878,000 in yesterday's I2 cycle. Atlantis production also appears to be on the rise. Nautilus flows are holding just under 190,000 Dth/d compared to 132,000 Dth/d seven days ago. Total Gulf production is holding steady at 12.1 Bcf/d, but that's up about 347,000 Dth/d compared to production levels last week, and the month-to-date average is up 6% compared to last December.
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This does not bode well, cpc.ncep.noaa.gov cpc.ncep.noaa.gov |