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…
Weather Outlook: Brrr! Frost and freeze conditions are forecast early this week across portions of the Plains, Mississippi Valley, Ohio Valley and Tennessee Valley. Mild to warm weather for the remainder of the week across the Midwest, East and South will allow some late-season cooling demand along the Gulf Coast and back into Texas, but…
Weather: PEAK HOURS FOR HEAT GETTING SHORTER While temperatures remain above average for most of the country, the afternoon peak temperatures are not lasting as long as we move into fall and earlier sunsets. This has led to less cooling demand and more substantial storage reports. NOAA TRACK OF HURRICANE IAN Tropical Storm Ian, forecast…
MARKET DROPS AFTER POSSIBLE RAIL STRIKE AVERTED A DROP IN PRICING DROPPED AFTER BOTH SIDES AGREED TO SETTLE An imminent rail strike sent prices soaring on Wednesday and crashing back just as fast when they averted the strike after a 20-hour negotiating session in Washington, DC. The strike would have significantly impacted rail transportation of…
SUMMER TEMPS REMAIN HIGH INTO MID-SEPTEMBER Weather remains in the 80s – 90s in the South and Southwest. These temperatures are a break from the triple-digit weather they have seen much of the summer. In addition, with milder temperatures in the Great Lakes and Northeast, national demand has declined, helping our storage numbers. VOLATILITY CONTINUED…
WEATHER UPDATE: WARMER TEMPERATURES COVERING MOST OF THE US In an era of persistent demand and hot summers, pricing is expected to remain high. Especially as July came in as the third hottest on record. Experts predict the supply concerns and increased demand for LNG could eventually drive pricing up this winter past $13.00 With…
WE’RE BACK TO HIGHER-THAN-NORMAL TEMPS ACROSS THE US In an era of persistent demand and hot summers, pricing is expected to remain high. Especially as July came in as the third hottest on record. Experts predict the supply concerns and increased demand for LNG could eventually drive pricing up this winter past $13.00 OCTOBER RE-OPENING…
LOW STORAGE REPORT AND PRODUCTION MAINTENANCE SENDS THE MARKET HIGHER INCONSISTENT PRODUCTION KEEPS THE PRICING HIGH The market jumped more than a dollar last week as production cutbacks interrupted day-to-day production. As a result, the market moved more than a dollar from Tuesday to Friday. The South and Midwest see cooler temperatures, but much higher…
Market Snapshot Weather Forecast MIDDLE AMERICA GETS SOME RELIEF While this summer had brought record heat to many parts of the U.S., this may be the new normal. Temperatures have increased by 1.7 degrees Celsius (almost three degrees Fahrenheit) since 1970. The atmosphere can store about 7 percent more water for every degree Celsius. This…
