Nat Gas News – October 12, 2018

Nat Gas News – October 12, 2018

Winter Is Coming and Natural Gas Supplies Are Already Short

The Barrons Reported: The winter heating season officially began this month, with U.S. supplies of natural gas nearly 18% below the five-year average for this time of year—sending prices for the commodity to their highest levels since January. That could presage elevated, volatile prices as temperatures begin to fall. For more on this story go to barrons.com or click https://bit.ly/2Oi7aSa

Feds: Over-Pressurized Lines Caused Deadly Gas Explosions

TurnTo10 Reported: Over-pressurized natural gas lines were the source of deadly explosions and fires that rocked communities north of Boston last month, the National Transportation Safety Board said Thursday. The five-page, preliminary report found that utility workers contracted by Columbia Gas had failed to account for critical pressure sensors as they replaced century-old cast-iron pipes in Lawrence on Sept. 13.  For more on this story go to turnto10.com or click https://bit.ly/2A6vOg4

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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