Market Updates

Daily Market Update - June 17, 2016

Daily market update

Early Morning Update

The Jul16 natural gas contract is flat at $2.58.  The Jul16 crude contract is up $1.02 at $47.23.

 

Summary

A relatively quiet day yesterday despite the storage report.  The prompt NYMEX NG contract finished down $.015 at $2.58.  The EIA did report a build into storage of 69 Bcf, slightly above expectations.  That leaves us with 3,041 Bcf in storage and on pace to end injection season with roughly 4.0 Tcf.  4.0 Tcf represents a healthy amount of storage but the pace of injections is low and could potentially leave the US with a low amount of NG as we move through winter.  NG production is still at 70.5 Bcf/d.  Power burns are running 32-33 Bcf/d, up 2.5 Bcf/d compared to last year.  The lower supply and higher demand leaves the market with only an expected build into storage in the upper 50’s, compared to 77 last year and the 5 year average of 88 Bcf.  

Market Update 061716

Market Settles 061616

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.

Loading...

54.162.165.158