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US spot natural gas prices down on milder weather  NEW YORK: US spot natural gas prices fell across the board on Wednesday as a front of milder weather in major consuming regions was expected to dampen heating demand in the coming days.   Prices moved higher earlier in the week, with some areas in the Northeast hitting two year highs due to the cold weather, before retreating on Wednesday after forecasts of above-normal temperatures in the 6- to 10-day time frame.   Gas for delivery on Thursday at the benchmark supply point at Henry Hub in Louisiana fell by 13 cents to $3.30 per million British thermal units (mmBtu). Late trades on Wednesday were at a 4-cent premium to futures, up from a 1-cent premium on Monday.   The US Henry Hub spot natural gas price for 2012 averaged $2.77, a 13-year low, as high production levels and weak demand weighed on prices.   In major consumer markets, next-day gas on the Transco pipeline at the New ...

US natgas futures down 4pc NEW YORK: US natural gas futures slid about 4 percent early on Wednesday, but recovered from a steep drop in overnight electronic trade that brought the front month contract to its lowest mark in over three months.   Most traders attributed the more than 30-cent, 9-percent trading range to an algorithmic, or electronic computer-driven trade.   But most expect little upside to prices, with long-term weather outlooks still calling for above-normal temperatures for much of the nation, curbing heating ...
PBF Energy to end offtake deal with Morgan Stanley HOUSTON: Independent US refiner PBF Energy in June will end its refined product offtake agreements with Morgan Stanley and sell fuels directly from its East Coast refineries, the company said on Monday.   Those agreements with Morgan Stanley Capital Group Inc cover the sales of refined products from PBF Energy's US East Coast refineries in Delaware and New Jersey.   Under the agreements, Morgan Stanley markets PBF Energy's fuels. Morgan Stanley's physical trading activity in key US markets has ...
US spot natural gas prices mixed; NE up on cold weather  NEW YORK: US spot natural gas prices were mixed on Monday, but the Northeast saw strong gains as cold weather continued to drive heating demand.   Temperatures in Boston, New York and Chicago remained in the 30s Fahrenheit (near zero Celsius) on Monday and were expected to fall further as the week goes on, forecasters said, helping to push prices in some areas to two year highs.   In New York, a large consuming region with supply constraints that ...
US natural gas futures down on outlook for milder weather NEW YORK: Front-month US natural gas futures fell more than 2 percent on Monday as milder weather over the next two weeks was expected to temper heating demand in homes and businesses in large swathes of the country.   Short-term cold weather pulled futures higher on Friday, but the longer 8-to-14-day outlook shows above-normal temperatures in the major consuming regions of the Midwest and Northeast, according to the latest National Weather Service report on Sunday.   Natural gas on ...
Mexico MEXICO CITY: Mexico's three major oil exporting ports - Cayo Arcas, Dos Bocas and Coatzacoalcos - remained closed on Sunday due to bad weather in the Gulf of Mexico, the country's communications and transportation ministry said in a statement.   In addition to the three oil export hubs for state oil monopoly Pemex, the nearby ports of Frontera, Isla del Carmen and Campeche were also closed.   The closures began on Saturday when a cold front entered the Gulf ...
US spot natural gas prices rise on cold weather  NEW YORK: US spot natural gas prices reversed course and rose on Friday ahead of a four-day weekend for some, and as blustery winter weather was expected to remain in cities across the United States, boosting gas-fired heating demand.   The New Year's Day holiday will be celebrated on Tuesday, January 1, 2013, and many businesses will be closed as will stock exchanges around the world. Floor trading on the New York Mercantile Exchange will also be ...


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