- Reuters
US natgas prices turn negative in Texas again on pipe maintenance
U.S. spot natural gas prices in Texas averaged below zero for Tuesday for the fourth time this month and the 17th time since March as pipeline maintenance trapped gas in the Permian Shale in West Texas amid low demand for energy. U.S. next-day power and gas prices have turned negative several times so far this year, especially in Texas, Arizona and California. Energy traders have been saying for weeks they expected gas prices at the Waha hub in West Texas to turn negative when U.S. energy company Kinder Morgan started conducting seasonal maintenance on pipelines that move gas from the Permian shale in West Texas to the Gulf Coast.
- Zacks
Kinder Morgan, Inc. (KMI) is Attracting Investor Attention: Here is What You Should Know
Kinder Morgan (KMI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- Reuters
US power and natgas prices turn negative in Texas, California and Arizona
U.S. spot power and natural gas prices turned negative in Texas, California and Arizona for Tuesday as pipeline maintenance trapped gas in the Permian Shale in West Texas amid low demand for energy and ample hydropower in the West. Negative prices signal there is too much power or gas being produced in a region. Energy firms can either reduce output, pay someone to take their power or gas, or, if they can get a permit, flare the unwanted gas.
