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

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.