Welcome back everyone. Prices continued to trade at yesterday’s levels today, ranging between US$8.155/MMBtu and $8.456. The October prompt month contract ended the day up $0.035 at $8.284. Not much has changed fundamentally, hence no major moves. Temperatures have been shifting cooler than warmer back and forth, and while hurricane season has finally begun, no …
Today marked a rally day as the prompt month October NYMEX contract climbed US$0.253/MMBtu from Friday to settle at $8.249. The move upwards was driven by the return of LNG feedgas demand from the Corpus Christi facility as well as some overseas concerns once again in Europe. ~CL
It was another fairly quiet end to the week today. The prompt month October NYMEX contract traded within a US$0.317/MMBtu range, hitting a high of $8.205, a low of $7.888 and settling at $7.996, which effectively undoes the drop yesterday. On the horizon as we transition from the summer to fall and winter, weather is …
Todays market is the story of the tortoise and the hare. Prompt market slowly moved back up as we moved through the day. Traders removed profits over the past two days of trading by selling out positions while the market resets back to reality. Production is marginally higher with more supply destined for storage. If …
Markets continued their slide all day with news of cooler temperatures and supply remaining strong. These price drops are great opportunities to layer in supply transactions on an ongoing basis. Some traders beleive we could see more downside tomorrow moring as the market awaits strucutre on the European price caps the EU are currently proposing. …
Markets were down across the board today as traders start to focus on the upcoming winter weather. The hot weather across the United States has cooled significantly causing the front month futures contracts to drop off another 8% today marking the biggest decline in prices over the past month. It will be interesting to see …
Prompt month markets were down 0.61USD/Mmbtu at end of the trading day. Prices are down all through the winter of 2022/2023 due to a number of factors. Europe could be able to sustain itself with based on the current inventory, although that could change when we are actually experience winter. Secondly, North American markets are …
Markets were choppy all day settling $0.04 over the open. It is intereting to note activivity be in 2023 are more active as traders are concerned about the outcome of the upcoming winter and the inflation factors. CNN reported more than 20% of residential energyclients are in arrears; a sharp increase from this point last …
Markets were somewhat unchanged increasing slightly from yesterdays settlement. Maintenance continues to remain active in the West and Europe at this point of the year. Pundit believe we could still be in a bull market later this winter. (RS)
Markets were softer by $0.31 USD/MMBTU at the end of the day for the October 22 futures contract. Todays decline is based on cooler weather forecasts and decreased LNG exports. September has traditionally been a favourable time to start looking at natural gas hedges as we exit the extreme heat into the future winter cold. …