Tag Natural Gas
Natural gas prices have been on a wild ride these past couple of weeks. After a steady increase, based upon news of a dramatic decrease in oil production and therefore, a decline in associated gas production, the prompt month surpassed… Continue Reading →
Economic uncertainty has been weighing on all markets, as the effects of COVID-19 have been shuttering businesses and overturning industries, resulting in employee furloughs and lay-offs. The energy commodity markets have been focused upon the oil market and its ability… Continue Reading →
While the financial markets have been whipsawing this week amid the news of the spread of Coronavirus, bearish pressure on the commodity markets has intensified. As oil prices have tumbled into bearish territory, there is concern across the market of… Continue Reading →
This year, Punxsutawney Phil took his place on Gobbler’s Knob and did not see his shadow. According to legend, this indicates an early spring in on the way. Meteorologists don’t always agree with Punxsutawney Phil, but this time, AccuWeather meteorologists… Continue Reading →
A new year, a new decade, and it’s the natural gas bears that are celebrating. The January 2020 contract settled at $2.158 per Dth, its lowest level since January 1999, following the lowest summer gas prices in 20 years. Typically,… Continue Reading →
Since early November, natural gas prices have continued to slide. A significant change from this time last year, the December contract settled at $2.470 per MMBtu, nearly 48% below the December 2018 settle. Throughout the month of November, natural gas… Continue Reading →
The eastern half of the United States is starting to experience or is bracing for below-average temperatures and our first real taste of winter temperatures. The Midwest and Northeast have already been experiencing colder temperatures, but next week is expected… Continue Reading →
Last month, natural gas prices were rising and the October contract was pushing $2.50 per MMBtu. At month’s end, the October contract settled at $2.428 per MMBtu, but market sentiment has turned bearish. Natural gas prices have declined 16 of… Continue Reading →
Natural gas has experienced an uptick in pricing, after experiencing multi-year lows in July, off the backs of record level production and average temperatures. The September contract rolled off the board at $2.251 per MMBtu, a 5% increase from the… Continue Reading →
Natural gas demand is at record highs, but prices continue to fall. Earlier this week, natural gas prices dropped to three-year lows while supply growth continues to outpace increasing consumption. The August contract settled at $2.141 per MMBtu, 6.5% below… Continue Reading →
The natural gas market has been relatively complacent in recent weeks, while traders kept a close eye on the weather forecast. Tropical Storm Barry has returned some bullish sentiment back into this market, along with a forecast of above normal… Continue Reading →
Natural gas prices settled at a three-year low this week, after another robust storage injection. The U.S. Energy Information Administration (EIA) reported an injection of 119 Bcf for the week ending May 31st, which well surpassed analysts’ expectation of 109… Continue Reading →
The bulls of the natural gas market have been pushed to the sidelines, while the bears have kept pricing below $3.00 per MMBtu. The May contract settled at $2.566 per MMBtu, more than 5% below the April contract and the… Continue Reading →
Spring is upon us and the warmer temperatures these past couple of weeks have decreased demand for heating purposes. The U.S. Energy Information Administration (EIA) has reported two consecutive weeks of natural gas storage injections. Natural gas storage levels are… Continue Reading →
The Women’s Energy Network of Atlanta recently hosted a tour of Southern Company Gas’s Cherokee LNG (liquified natural gas) facility in Ball Ground, GA. As LNG continues to play a larger role in the U.S. natural gas market, it was… Continue Reading →
Natural gas has spent this past week trading in a very tight range, not pushing past key resistance levels, or dropping below key support levels. The March contract settled at $2.855 per MMBtu, about a dime below the February settle,… Continue Reading →
Natural gas prices have returned to sub-$3 levels for the remainder of 2019, with only next winter trading just slightly above $3.00 per MMBtu. The February contract settled at $2.950 per MMBtu, 19% below the January settlement and the February… Continue Reading →
After three days of rising, the November contract posted its biggest loss in four months, the day ahead of expiration. On Tuesday, October 29th, November dropped another 2.1% to settle at $3.496 per MMBtu. The forecasts for unseasonably warm temperatures… Continue Reading →