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Market Snapshot: November 8, 2022

Natural Gas Headlines: ย WORKING NATURAL GAS STOCKS POST SECOND-LARGEST WEEKLY NET INCREASE ON RECORDย   SUPPLIER STORY: AEP RECENT NATURAL GAS PRICING  On Monday, November 7, markets are rallying to start the week following a sizeable weather-driven demand gain in weekend weather model runs for the 6โ€“15-day period. As a result, in December 2022, natural gas…

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Market Snapshot: Monday, October 31, 2022

Natural Gas Key Takeaways Prompt month NYMEX natural gas settled at $5.20/MMbtu on Monday, October 24, up $.24/MMbtu. After several very bearish sessions, near-month (November) NYMEX futures reversed direction on Monday, settling higher at the end of the day. Prompt-month NYMEX traded up $.16/MMbtu in early morning trading at $5.37/MMbtu. Calendar year 23-27 settled at…

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TPI Takeaway Market Snapshot: October 24, 2022

Ohio Electricity Rates More than Double By Summer Ohio FirstEnergy customers will see their electric billsย rise starting next summer, as the Akron-based utility has purchased someย of its electricity at more than twice the price itโ€™s paying now. During the October 4th auction, FirstEnergy agreed to pay an average price of $122.30 per megawatt-hour for delivery…

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