Direct Energy Business
Market Data For Your Home Contact Us
Market Updates

Daily Market Update April 16, 2018

Early Morning Update

The May18 natural gas contract is trading up $0.03 at $2.77. The May18 crude contract is down $0.69 at $66.70.


After hitting an all-time high of 78.9 Bcf/d last Monday, dry natural gas production has been flailing this past week, and is projected to be 77.0 Bcf/d today. Most of the decline  is in the Northeast, due to restrictions on the Transco pipeline.  After averaging 78.2 Bcf/d so far this month, the next seven days are expected to average only 77.5 Bcf/d. On Friday, the May18 natural gas contract climbed 4.9 cents to settle at 2.735/MMBtu, amidst an extended storage withdrawal season, and in the face of lingering cold weather, increased demand in the Res/Com sector, and a dip in production. Demand is expected to peak tomorrow and then taper off throughout the rest of this week. Total gas demand for today is projected to be 85.4 Bcf/d, the highest demand ever recorded for this date. The National Weather Service is forecasting colder-than-normal temperatures for most of the country east of the Rockies over the next 6-10 days, before temperatures gradually rise to almost normal next week.


Market Update 041618

Market Settles 041318

To subscribe to Daily Market updates please visit