“We have blood on the floor today” as one trader put it today. Markets were down $0.857 USD/Mmbtu for the prompt month of December 22. Traders are concerned about the mid term US election and the state. The market continues to note weaker production over the next three weeks along with cold weather across most …
Natural gas is on the rise yet again with cold weather dominating the midwest and west. Prices jumped $1.00 USD/Mmbtu on the prompt month and $0.80 USD/Mmbtu through to March 23. Freepoint LNG is expected to increase demand mid month. Enjoy the warm weather in the East! ~RS
The markets must be spooked on the last day of October. December Nymex contract was trading up $0.62 USD mmbtu at the time of writing. At this point we are trading on par with the July 2022 contract at this point in time. Still much lower than September, although starting to ratchet up. The market …
Markets wer up breifly this morning as cold air moved into the Texas and the Western side of the continent. Texas continues to produce gas supply although don’t really have a home to move it. Pipelines are full, storage is relatively full and demand is realatively light at this time of year. An interesting note, …
What an amazing weekend of racking leaves and the amazing sunshine. Markets were right along with this warmer than normal pattern remaining relatively low over the weekend. We did see a slight rally all day long although we will need a sustained trend for more than 20 days to move this market higher at the …
Natural gas is capable of snapping back in short order. The downward pressure continued all day, although the gap between the movement could create a narrowing condition and possible bullish signs in an oversold market. A bullish sign could see this market retreat back to the $8.00 range when we move back into the winter …
What an incredible weekend for weather. On the energy front the markets are up slightly over the weekend with the focus on cooler weather in the West and warm weather in the East. An interesting note from Houston based energy trader noted the following, ” A warning was released by German grid operators over the …
Markets were once again marginally down today on light trading levels. Cooler weather prevails for parts of North America over the next few days. An interesting note, the Polish goverment authorized the use of wood burning in order to heat residential homes this winter. Europe remains the wild card for the upcoming winter. If they …
Markets were once again marginally up with the higher than estimated storage injection. Cooler weather prevails for parts of North America over the next few days. Hurricane Ian curtailed gas fired power demand last week forcing more gas in storage. Production remains strong at 101 BCF/D with demand in the range of 94BCF/D. Enjoy the …
Markets were up marginaly all day with a $0.08 move on the Opec announcement. Goldman Sachs are expecting crude oil to trade in the $100 to $107 range this winter; a $25 increase to todays prices. This will affect the petroleum reserve aimed to keep infation in line and some relief at the gasoline pumps. …