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With mother nature largely in control of the natural gas market, forecasting prices can be a real headache. Winter Henry Hub prices (November-March), for example, could average anywhere from $4 to $11.50, depending on whether temperatures are 13% warmer than normal or 12% colder than normal this winter, Energy and Environmental Analysis Inc. (EEA) said in its latest Monthly Gas Update. EEA's best guess is an $8.48 winter average at the hub.

U.S. and European exchange officials Monday said they supported Congress issuing a mandate for central clearing to increase transparency and reduce counterparty risk in credit default swaps (CDS), a form of insurance against the default of debt securities, which have contributed to much of the tumult in the credit markets. U.S. exchanges say they are ready or near ready to proceed with clearing of certain CDS transactions now.

Spectra Energy's long-under-attack New Jersey-New York Expansion early last week received unanimous approval from FERC, which means firm natural gas transportation service into Manhattan could be operational sometime during the fourth quarter of 2013.

Carolyn Davis, Author at Natural Gas Intelligence - Page 341 of 543

IntercontinentalExchange (ICE) received a ruling from the U.S. Internal Revenue Service (IRS) designating ICE Futures as a "qualified board or exchange," which provides U.S. participants in ICE Futures markets with "60/40 tax treatment."