Market Updates

Daily Market Update September 12, 2017

Early Morning Update

The Oct17 natural gas contract is trading up $0.03 at $2.98.  Oct17 crude is up $0.13 at $48.20.

 

Summary

The promise of rising cooling demand in the eastern half of the country next week was enough to drive the October futures contract up six cents to $2.95/MMBtu on Monday. Calendar 2018 added four cents to $3.05, and 2019 & 2020 rose by two cents to $2.90 and $2.82, respectively.  Weather forecasts for the six-to-fourteen day period shows above-average temperatures for the East Coast and portions of the Midwest, with highs in parts of PJM surpassing 80 degrees. Natural gas demand has recently been flattened in the Southeast from Hurricanes Harvey and Irma, which has dragged national demand to a 3.5 Bcf/day month-to-date deficit compared to 2016. This should allow for storage levels to be bolstered higher than historical levels at least over the next two weeks, as we’ve seen record high production numbers in the last week paired with depressed demand.

 

Market Update 091217 

Market Settles 091117

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