Market Updates

Daily Market Update October 17, 2017

Early Morning Update

The Nov17 natural gas contract is up $0.06 at $3.00.  The Nov17 crude contract is up $0.13 at $52.00.

 

Summary

The NYMEX prompt month lost steam on Monday and fell five cents to settle at $2.946. Cooler weather updates came in for the end of October through the first few days in November, softening the effect of any potential late season cooling load. The eastern portion of the country remains slightly above average until the week of October 26th, where it shifts to average to slightly below average. The West Coast remains slightly above normal for the entire 20-day forecast. Production is beginning to pick up again after softening last week, and the next week is expected to average 74.3 Bcf/d. LNG exports are continuing to hit new all-time highs as Sabine Pass has, once again, increased its export capacity via the addition of another export train. Despite some recent strong injections, the 2017 season, overall, has seen 15% lower injections compared to the five-year average. The official natural gas injection season ends at the end of October, but depending on fundamentals, gains can be added through mid to late November in preparation for the expected relatively normal winter.

 

Market Update 101717 

Market Settles 101617

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...

54.162.166.214