Summary

Gas and power market prices continue to hinge on flat lining production and the potentially threatening summer weather.  Despite supply temporarily breaking through the 71bcf/d level late last week, the June contract is currently up 3cents from Friday’s close at a two-week high $3.30.  Gas demand is up almost 5bcf/d both month –over-month and year-over-year, with about 50% of the increase coming from power burns.  The balance of ’17 and calendar strips ’18 – ’20 are up about 3cents from yesterday, the biggest move coming from summer ’18.

Market Update 050117

Market Settles 042817