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January 6, 2025 – Market Update
Some more volatility today. The front month is up 10% on cold weather (the NYMEX close was $3.70 UD/mm), but next summer is only up a bit (the close was $3.42 US/mm). Production is down from 106.0 Bcf/d to 102Bcf/d on Monday, mostly due to the cold weather causing freeze offs. And with even colder…
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January 3, 2025 – Market Update
Happy Friday The EIA reported that for the week ending December 27th, -116 Bcf of gas came out of storage in the lower 48, less than the expected -122 to -126 consensus. Second miss in two weeks. Unsurprisingly, the market sold off. The NYMEX February front month contract sold off to $3.34 US/mm, down 8%. …
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January 2, 2025 Market Update
Welcome to 2025 The NYMEX is holding in tough at these levels as the February front month contract refuses to continue the sell off from last year (that is to say two days ago). Last trade $3.68 US/mm, up five cents (130pm) The EIA storage report will be released tomorrow. The current consensus is for…
