Market Updates

Daily Market Update - June 15, 2016

Daily market update

Early Morning Update

The Jul16 natural gas contract is flat at $2.60.  The Jul16 crude contract is down $0.47 at $48.02.



Tuesdays session was relatively quiet with the front of the curve again moving higher while the back of the curve moving lower.  The July contract ultimately settled higher by $.019 to finish at $2.604.  Near term fundamentals remain somewhat bullish with NG production still hovering near 70 - 70.5 Bcf/d, down roughly 1.5 Bcf/d compared to last year.  And power burns are 31-31.5 Bcf/d, about 2.5 Bcf/d more than last year at this time.  Added together, 4 Bcf/d (or more)  of tightness compared to last year is keeping the pace of storage injections at a low level, evidenced by the forecasts for this weeks injection, with most estimates call for a build of 60-65 Bcf, again much lower than last year or the 5 year average

Market Update 061516

Market Settles 061416

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