Natural Gas Market Update

Happy Storage Day The EIA reported the weekly storage injection number for the week ending September 27th at +55bcf.  There were a wide range of estimates (53-62bcf) but we are going to call this one in line, but like 19 of 20 so far this summer it was well below the 5 year average.  We still […]

The November NYMEX front month contract jumped up to a $3.00 US/mm high (a level the contract last saw back in July), but then traded down to $2.91, up 2 cents on the day. the winter strip also made a new local high but drifted back down during the day to only up 3 cents

Once again, it was not a very volatile day of trading in the natural gas market; the November front month contract decreased by only 0.2%, yet is still at a price that we haven’t seen since the summer peak. Adding on to yesterday’s point about temperature, Reuters released a report today which quoted the Two-Week

The NYMEX November contract is the front month and although today’s trading was not very volatile, we are still sitting around $2.90 USD/mm, a high that hasn’t been reached since this summer’s peak prices in June. To put the price increase in context, here are some points to consider: October averaged 102.1 bcf/day, down from

Hurricane Helene landed in Florida near Tallahassee as a Category 4 Hurricane.  The damage and destruction will be terrible and I want to acknowledge that fact.  This storm will progress over Georgia, Tennessee and Kentucky.  It will bring cooling rain to the area, however we are in Autumn and the Cooling Demand Days are projected

Happy storage day. This morning, the EIA reported an injection of +47 billion cubic feet for the past week ending September 20 with a consensus expectation of +55bcf. Normally, this would be considered a miss and the market would rally. However, the market sold off. The explanation is was a “reclassification” of 8 bcf, making

NYMEX November front month is catching its breath after the big rally as the market is assessing what to do next.  Last trade $2.80 US/mm. Hurricane Helene is expected to make landfall in the Florida panhandle tomorrow  and move into Georgia.  There is no threat to LNG facilities, nor onshore infrastructure.  That being said, the

November natural gas futures rallied up to another high to almost $2.90 USD/mm, then sold down 4 cents to $2.81. This rally was an interesting one, since it is the first marker of anxiety in the market in a while. The rally was probably caused by a combination of factors: The net result was a

Big Rally Monday A big rally over the weekend and today, with the NYMEX October front month contract growing about 8% from $2.29 USD/mm to $2.63 last. The winter strip was up 10.5 cents to $3.26 and next summer was up 5 cents to $3.17 Although there is lots of talk about a new tropical

Not a quiet Friday as the natural gas market showed some strength today across the board. The NYMEX October front month contract was up 10 cents to $2.45 US/mm, the highest level for the October contract in a month. The winter strip broke out of it’s range and spiked up 15 cents to $3.17. Next