The Energy Trail

Category

Supply & Risk Management

Price Volatility Muted by Production Growth

Natural gas prices have edged back below the $3.00 per MMBtu level. After the July contract peaked at $3.053 per MMBtu during mid-June, the contract finally settled at $2.996 per MMBtu. The average seasonal peak for natural gas is June… Continue Reading →

Balancing Supply and Demand Weighs on Natural Gas Prices

Natural gas prices for 2018 continue to average below where prices settled during 2017. The June contract rolled off the board at $2.875 per MMBtu, 11% below the June 2017 settlement. For the first half of 2018, natural gas prices… Continue Reading →

Record Natural Gas Production Overshadows Low Inventories

Is Spring finally here to stay? Winter was starting to feel like the house guest that had over-stayed his welcome! The colder temperatures appear to have finally pushed out and most of the U.S. is enjoying spring-like weather, and in… Continue Reading →

Market Remains Flat with Low Storage, High Production and Mixed Weather

The April contract moved into the prompt position at $2.686 per MMBtu and rolled off the board at $2.691 per MMBtu. Neither the bulls nor bears have been able to take the reins and drive this market, with 2018 looking… Continue Reading →

Bears Take Over As Extreme Cold Pushes Out

As the extreme cold temperatures pushed out, the bears took the reins in the natural gas market and quickly pushed pricing back below $3 per MMBtu. The March contract moved into the prompt position at $3.167 per MMBtu and within… Continue Reading →

Natural Gas Spread Widens with Warmer Weather in the Forecast

The February contract moved into the prompt position with bullish pressure and continued that momentum throughout the month. Below average temperatures across much of the U.S. drove greater demand for natural gas for heating purposes. According to The Weather Channel,… Continue Reading →

Natural Gas Makes a Bearish Start to 2018

Happy New Year and hello Winter! Old Man Winter has decided not to hibernate this year and made his presence very well known to start 2018. December experienced large swings in temperatures, but after a week of warm temperatures and… Continue Reading →

That’s a Wrap, but Where is Natural Gas Headed?

2017 for natural gas is officially in the books! The December contract settled at $3.074 per MMBtu, making the 2017 annual average $3.108 per MMBtu. This year, natural gas prices averaged 26% above 2016, but the December 2017 contract settled… Continue Reading →

Natural Gas Market is Bracing for Winter

As October came to an end, mild temperatures returned, and a healthy storage report sent the November contract to a decline below the September 8th lows, expiring at $2.752 per MMBtu. This was the lowest contract settlement since March of… Continue Reading →

Natural Gas Continues to be Range Bound

It has been a very active hurricane season in the Atlantic, with Hurricane Irma having the greatest impact on natural gas prices, thus far. As Hurricane Irma made landfall in The Keys and moved up the coast of Florida and… Continue Reading →

Summer Heat Drives Natural Gas Prices

Air conditioning units up and down the East and West Coasts were put to the test with the arrival of summer. The West experienced multiple days of temperatures near 120 degrees, while the East also faced above-average, sweltering heat. With… Continue Reading →

Slow Start to Summer Deters Bullish Momentum

The Summer Solstice occurs around June 20th or 21st (depending upon your time zone) and technically marks the first official day of summer. For many of us, however, we gauge the start of summer by the weather! This year, traders… Continue Reading →

Shoulder Season Drives Uncertainty in the Natural Gas Market

We are officially in the shoulder season and the natural gas market is falling back into old habits. It is not uncommon for the natural gas market to increase in the second quarter. In fact, over the past twenty-six years,… Continue Reading →

Natural Gas Bears are Losing Momentum

The natural gas market appears to have shifted somewhat from a bearish sentiment due to warmer temperatures in February, to a more bullish sentiment as the supply/demand balance becomes more of a focus for the near-term. The April contract rolled… Continue Reading →

March Madness Takes over Natural Gas Market

March Madness is just around the corner and the natural gas bears appear to be shutting down any Hail Mary shots the bulls are taking to push this market higher. To close out the “typical” winter season term, the March… Continue Reading →

Natural Gas Demand Drives Price Volatility

The bulls and bears are having a turf war over the natural gas market. The February contract rolled off the board on Friday at $3.391 per MMBtu, nearly 14% below the January contract, after experiencing a large swing throughout the… Continue Reading →

Natural Gas Market Starts 2017 with a Bang

Times Square wasn’t the only place setting off fireworks to ring in the new year. The natural gas market kicked off 2017 with quite a bang! After news of an arctic blast and a storage withdrawal of 237 Bcf, the… Continue Reading →

Natural Gas Settle Finally Surpasses $3.00

Natural gas for the CY2016 strip has now officially settled. After the bears drove the December contract down to $2.546 per MMBtu with an above-average November and record high storage levels, the bulls managed to gain momentum heading into Thanksgiving… Continue Reading →

Natural Gas Bears Take Over the Market

It looked as though the Chicago Bears and natural gas bears were abandoning us this fall, neither of which looking like they would be part of the conversation this season. While the Chicago Bears continue to sort out their quarterback… Continue Reading →

Lingering Heat Continues to Impact Natural Gas Prices

After moving into the prompt position, the October contract quickly dipped to $2.827 per MMBtu and eventually slid to $2.676 per MMBtu.  Since hitting that key support level, the bulls continued to try to push the October contract above $3… Continue Reading →

Natural Gas Remains Range-Bound

Natural gas continues to be range-bound, while traders alternate their focus between summer coming to an end and ample supply in storage, verses increased demand for power generation and below average storage injections.  The August contract settled at $2.672 per… Continue Reading →

© 2018 The Energy Trail — Powered by WordPress

Theme by Anders NorenUp ↑