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  • In the first move of their partnership to ensure power services during the ongoing coronavirus pandemic, FERC and the National Association of Regulatory Utility Commissioners (NARUC) are urging state authorities to designate utility workers as essential to the nation’s critical infrastructure.
  • At a time when oil and natural gas companies are slamming the breaks on development from an ongoing price war, Tailwater Capital LLC on Thursday closed an energy funds with $1.1 billion in capital commitments that furthers its strategy to identify attractive midstream opportunities.
  • A large warmer shift in the weekend forecasts, along with continued escalation of the coronavirus pandemic in the United States, kept the pressure on natural gas futures in early trading Monday. The May Nymex contract was down 3.8 cents to $1.633/MMBtu at around 8:45 a.m. ET.
  • With seasonal factors and underlying fundamentals already keeping a lid on the natural gas spot market, the addition of coronavirus demand destruction gave prices nowhere to go but down during the trading week ending March 27; NGI’s Weekly Spot Gas National Avg. shed 15.0 cents to $1.405/MMBtu.
  • Amid upheaval in the oil patch and uncertainty over the demand impacts of the coronavirus pandemic, natural gas futures managed to hold relatively steady in Friday’s trading. The April Nymex contract rolled off the board at $1.634/MMBtu, off 0.3 cents day/day. The May contract slid 1.8 cents to $1.671.

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