The office will be closed until Jan 3 -23 for the holidays. The markets continue to sell off with warm weather upon us into the first part of January, 23. Natural Gas fell below $5.30 USD/M, our lowest in nine months after the latest storage withdraw was lower than expected. As a result the market …
Markets were off again today as Western Canada cold our moves out over the next few days replaced with warmer than average temperatures. Nautral Gas markets tend to be tied with weather resulting in another 10% drop from yesterday. Overall a 20% drop in two days is a good time for buyer to jump in …
Markets were by 11 % in January 2023 as traders are starting to feel nervous about the balance of winter. Storage withdraws have been moderate and long range weather has moved to warmer than normal. The weather is the driving force around these price swings throughout the last few weeks. Enjoy the evening. (RS)
Markets were green on the prompt month and slightly red the following months. At the time of writing, Jan 23 was $6.61 slightly down from yesterday. Production is slowly starting to ramp up with the higher price and could see the summer of 2023 trading 5.11 USD/Mmbtu, slightly lower than todays forward curve. The winter …
Markets were green again today following the U.S. Energy Information Administration storage report and afternoon weather models turning colder. The storage report today actually came in inline with consensus estimates at a withdrawal of 50 Bcf. The January prompt month NYMEX natural gas contract settled up US$0.54/MMBtu at $6.97 today, with the months out to …
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. …
October 19th, 2022 – Natural Gas Update Natural gas remained on the defensive again today, led by another boondoggle in the European markets. The Dutch TFF Dec 2022 through February 2023 natural gas contracts all lost a little over 4% as other sources of energy, such as coal, race to fill the supply void. On …
Natural Gas took another shellacking today with the front month November NYMEX contract finishing the day down by 4.85% to $5.71. Much of the selling in US markets seems to be led by the European gas markets, which have fallen precipitously over the past few sessions. The Dutch TFF market was down 11% today, providing …