Nat Gas News – February 2, 2017

 In the News

Natural gas is improving our air

Pittsburgh Post-Gazette reports: Patrick McDonnell, the acting state secretary of environmental protection, put it plainly in a 2016 news release, when he said, “Overall, our air quality continues to improve.” The release included figures showing that, from 2012 to 2014, the number of drilling sites monitored by DEP increased by more than 11.7 percent, while the total methane emissions from those sites decreased by more than 11.6 percent. Tighter monitoring found a decrease in methane leaks. The current system of monitoring and regulating methane emissions includes four recent actions by the federal Environmental Protection Agency, and it clearly is working. The increased use of natural gas in Pennsylvania and throughout the United States is making our local communities’ air cleaner, establishing America as a world leader in global carbon-emission reduction and creating jobs in our region in ways we haven’t seen in a generation. That is why the Legislature must pass the Keeping Pennsylvania Competitive Act. For more visit post-gazette.com or click the following link http://bit.ly/2ks13Ll

U.S. natural gas bounces off 3-week low on bets for bullish storage data

NASDAQ reports: U.S. natural gas futures rose for the first time in four sessions on Wednesday, bouncing off the prior day’s three-week low as market players looked ahead to weekly storage data to gauge supply and demand levels. Natural gas markets have been volatile in recent weeks, changing course rapidly in response to shifting outlooks in short-term weather patterns. Traders looked ahead to weekly storage data due on Thursday, which is expected to show a draw in a range between 83 and 94 billion cubic feet in the week ended January 27. For more on this story visit nasdaq.com or click http://bit.ly/2krRLPw

 

 

Prior Day’s NYMEX 

Mar-17 Contract (CT)

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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