Market Updates

Daily Market Update - January 21, 2016

Daily market update

Early Morning Update

The Feb16 natural gas contract is trading up $0.01 at $2.13.  The Mar16 crude contract is down $0.25 at $28.10.


Estimates of the largest storage withdrawal so far this season, as well as lingering cold and the threat of a major winter storm helped push natural gas prices a little higher yesterday.  The Feb16 natural gas contract rose 2.7 cents, settling at $2.118/MMBtu.  This morning, the U.S. Energy Information Administration is expected to report a reduction in storage inventories of 183-187 Bcf for the week to Jan. 15.  This is less than the 220 Bcf withdrawal reported last year for the same week, but slightly higher than the 177 Bcf five-year average.  Natural gas stockpiles currently stand at 3,475 Bcf, 16% higher than the five-year average.  As well, snow is expected to develop across the mid-Atlantic region tomorrow, primarily from Philadelphia southward by late in the day.  Very heavy snowfall is expected across western Maryland and Virginia through Saturday, with some lighter snowfall spreading north to locations like NYC.  Snow will taper off in all areas Saturday night.  Looking past this next wave of cold and snow, all regions west of the Rockies should return to above-normal temperatures according to the National Weather Service’s 8-14 day outlook.  U.S. total demand for natural gas should be significantly limited because of the mild weather, with Bentek Energy projecting demand to average just 96.2 Bcf/d over this time period, a 13.8 Bcf/d decline from Wednesday’s demand.

Market Update 012116

Market Settles 012016

Set your ZIP code and utility

Enter a valid ZIP code
Unfortunately, we don't currently service this area. Please try another ZIP code.

Loading please wait...

Don't see your utility?

We currently only provide service to the listed utilities. For question, please contact 1-888-925-9115.