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Energy Market Update: July 25, 2017

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What's the outlook for longer term NYMEX natural gas prices? 

In this week's Energy Market Update, Tim Bigler — Direct Energy Business Energy Strategist — overviews the latest NYMEX natural gas price information and discusses the various factors that could potentially shift the market.

Watch the video below to learn more.

NYMEX Natural Gas Longer Term Calendar Prices 

NYMEX natural gas prices have broken down to the $2.80 range for the first time since September 2016. However, that has occurred with minimal volume and open contracts. On the last two occasions prices hit the $2.80 mark, it did not last long. 

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What could potentially impact the market? Producer hedges are currently declining, which implies lower production. Additionally, Mexico and LNG exports both have room to the upside. 

Stay tuned to the Direct Energy Business Blog for the latest energy market news and information. 

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Posted: July 25, 2017