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. …
Welcome back from a cold weekend everyone! The weather was enough for traders to feel bullish today as prices at the front of the curve climbed significantly. The December 2022 contract climbed to US$6.776/MMBtu today, up $0.473 from Friday. At the time of writing, markets peaked at $6.837 and are slightly down at $6.70. Prices …
The weather continues to drive this market trading up $0.20 USD/Mmbtu through the winter of 2023. Interesting to note the prices are slowly creeping back to the levels we were trading in early August 22. An early start to the winter could see prices climb in March and April 2023 often considered the widow makers …
Happy Friday! To round off the week, the prompt month NYMEX December 2022 contract settled down US$0.066/MMBtu for the day at $6.303. Although trading was still wide at a $0.43 range, price have held at the higher level since yesterday’s rally. This was a tad surprising as Freeport LNG released news today confirming initial production …
Momentum from yesterday carried on today with the prompt month December NYMEX contract settling up US$0.169/MMBtu at $6.369. Of note today was the U.S. Energy Information Administration Lower-48 storage report. Industry consensus for this week was a injection of 63 billion cubic feet (Bcf) which the actual number came in line with at 64 Bcf. …
Today started off looking rather calm, but the day closed off extremely strong. For context, the prompt month December 2022 NYMEX contract hit a low of US$5.727/MMBtu today, but settled at $6.20. The catalyst for the move was the most recent weather model release that forecasted a much colder 11- to 15-day period. With the …
Happy Tuesday, natural gas markets continued to bump around today, but were ultimately in the green. The prompt month December 2022 NYMEX Futures contract settled up US$0.101/MMBtu at $6.034 and continued to trend upwards post-2:30PM settlement, hitting $6.118 at the time of writing. Freeport LNG continues to be on everyone’s radar, although the plant itself …
Rumor continues to fuel markets as opposed to fact, following Friday’s Freeport LNG incident, a repeat was done yet again today. The prompt month December 2022 NYMEX natural gas contract was on upwards trend following cold weather projections to a high of US$6.416/MMBtu before the news struck again. As opposed to Twitter this time, Bloomberg …
Even with cold weather in the forecast market are $0.44 US/Mmbtu off of yesterdays close. Volume appears to be lighter than normal and could be short term correction. We continue to realize $0.50 USD/Mmbtu movement within a day of trading. The next two weeks will offer more insight. Enjoy the weekend. (RS)
Markets were up once again today with the prompt month December 2022 NYMEX natural gas contract up US$0.374/MMBtu at $6.239. Prices were on an upwards rally since overnight, and that continued throughout the rest of the day. Today marked another U.S. Energy Information Administration storage report. While the industry consensus estimate was an injection of …