August 3rd, 2012

Natural Gas Futures – Natural gas matched coal as the primary fuel for U.S. power generation this year for the first time since the government started collecting data.

The BGOV Barometer shows natural-gas fired plants provided 32 percent of generation in May, close to coal’s 34 percent share, after the two fuels were in a virtual tie in April, according to the Energy Information Administration. Low prices are benefiting power generators such as Calpine Corp. (CPN), the biggest U.S. producer of electricity from natural gas.

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July 3rd, 2012

Natural gas futures were higher during U.S. morning trade on Tuesday, hitting a four-day high as forecasts for extreme heat across key parts of the U.S. in the next two weeks boosted near-term demand expectations for the fuel.

On the New York Mercantile Exchange, natural gas futures for delivery in August traded at USD2.865 per million British thermal units during U.S. morning trade, jumping 1.45%.

It earlier rose by as much as 1.75% to trade at USD2.873 per million British thermal units, the highest since June 27.

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June 18th, 2012

Natural gas futures prices rose Monday, bouncing back above $2.50 per million British thermal units as investors keep watch for further signs of rising gas demand after last week’s price surge.

Natural gas for July delivery rose 4.7 cents, or 1.9%, to recently trade at $2.514/MMBtu on the New York Mercantile Exchange.

Gas futures appear ready to hold in to a tight range near $2.50 as traders weigh volatile near-term weather forecasts and try to gauge whether the sharp rally last week will hold until the next set of inventory data this week.

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May 21st, 2012

Natural gas futures remained lower near midday on Monday hit by profit-taking after last week’s sharp gains, but signs of a tighter supply-and-demand balance and extended forecasts for warmer weather limited the downside.

Natural gas futures prices gained 9 percent last week and are still up 17 percent so far this month, amid signs that record production was finally slowing while demand picked up as more electric utilities switch from coal to cheaper gas to generate power.

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