Markets rallied today on a colder forecast for the next ten days. Markets are relatively tied to the current and near term demand as the market remains relatively balanced. Freeport started to export a small amount of LNG today marking the first day of start up since the summer. With an additional 2BCF of demand …
Weather continued to show colder revisions, with a wave expected to come December 12th, 2. Asides from this piece of fundamental news, the U.S. EIA storage report was also released today. While the average estimate was a withdrawal of 25 Bcf, the actual number came in at 21 Bcf. This proved to have a minimal …
Markets turned around today uo 6 percent over the winter months and 3 % into the latter part of 2023. Traders have turned bullish as the cold polar vortex continues to be a factor across Western Canada. Production remains relatively strong and storage withdrawl is estimated to be 30 BCF according to one source. Thursday’s …
Markets remained down $0.07 at the time of writing from yesterdays close of business. Western Canada remains in a Polar Vortex while the Eastern area’s remain well above seasonal temperatures. The forecasts for this winter was for a Polar Vortex to drop down over North America, we were just not sure where. At this point …
Markets tumbled once again today, down $0.74 USD on the prompt month once again. With mild weather in the forecast and LNG exports to Europe in limbo until the spring this market could remain soft for a period of time. We will see what happens the balance of the week. (RS)
Natural gas markets are relatively quiet once again as we await weather in the Eastern part of North America. With the colder 10 day forecast will result in an increased demand in the North East region. Other regions around North America are forecasted to be warmer than normal netting off resulting in the forward prices …
The frozen Thanksgiving turkey did not make it way to US based energy traders tables! Historically when the US traders thanksgiving turkeys is frozen due to cold November weather they buy Natural Gas future through to the end of the winter. This year the temperature were above to average causing a slight sell off all …
During the holidays, markets are still technically open, but just host very minimal trading activity. They also tend to close earlier, with trading ending today at 1:30PM EST. That being said though, markets sold of and fell -3.89% to US$7.024, but we’ll have to wait until Sunday at 6PM to see if this holds, especially …
Markets are closed today as the U.S. celebrates their Thanksgiving holiday. Unfortunately Black Friday doesn’t apply to natural gas prices, especially with colder weather expected in early December, but do enjoy the sweet deals you find this weekend elsewhere. ~CL
Pricing December 2022 prompt month NYMEX +US$0.529/MMBtu at $7.308 | Remaining Winter 2022 NYMEX (Dec22 to Mar23) +$0.37 at $7.287. News and Fundamentals Green was seen across the screen today, with all NYMEX contracts out to June 2024 settling up. Colder weather forecasts yesterday allowed for climbing prices to continue past yesterday’s settle into today. …