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
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 …