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Energy Buying Strategies: June 2014

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Out of the frying pan and into the fire — or maybe out of the freezer. For energy buyers, spring likely seems too short, as the focus has quickly shifted to summer risks. And, while spot energy prices have been low, there has been no relief in long-term energy prices. The Polar Vortex will not be easily forgotten.

Since our April report, NYMEX futures have only moved modestly. The details are in the numbers below:

(all prices are in MMBtu)
NYMEX Contract
6/19/14 Change since 4/10/14
Prompt Month (July 2014) $4.58 +0.09
12-Month Strip $4.33 +0.03
Cal '15 $4.29 +0.07
Cal '16 $4.46 +0.14
Cal '17 $4.32 +0.18

 

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Posted: June 26, 2014

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