Market Updates

Daily Market Update September 14, 2016

Daily market update

Early Morning Update

The Oct16 natural gas contract is trading up $.03 to $2.94.  The Oct16 crude contract is down $0.30 at $44.60.


With no fresh fundamental changes to push prices either up or down, the prompt month’s recent rally stalled yesterday, closing nearly unchanged on Tuesday.  Natural gas futures for October delivery settled at $2.909/MMBtu, down just 0.6 cent.  Weather is still the primary driver for natural gas prices, and forecasts from the National Weather Service continue to show warmer-than-normal conditions for the majority of the U.S. over the next two weeks.  However, areas of normal temperatures have grown in the latest outlooks, and normal temperatures will decline as fall approaches.  Storage injections usually pick up in the fall, as demand wanes and there is more gas available to stockpile for the winter.  With higher temperatures lingering across most of the country, it is likely that storage building will continue to underperform historical averages.  U.S. dry production has fallen another 0.5 Bcf/d to 70.3 Bcf/d today, with most of the decline coming from the Northeast (0.3 Bcf/d) and the Southeast (0.2 Bcf/d), while total demand is down 1.0 Bcf/d to 69.9 Bcf/d today.  The biggest contributor to the decline in demand is power burn, which is down 0.8 Bcf/d day-over-day.

Market Update 091416

Market Settles 091316

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.