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

Daily Market Update August 14, 2018

Early Morning Update

The Sep18 natural gas contract is trading up $0.02 at $2.95. The Sep18 crude contract is up $1.00 at $68.20.

 
 
 

Summary

The near-term natural gas market drifted downward for the second day in a row, as overall demand begins to subside slightly from the first half of the month. The September prompt month lost over a cent to $2.930/MMBtu, the 12-month strip lost less than a penny to $2.888, and 2019 and 2020 both rose less than a cent to $2.823 and $2.661, respectively. Weather forecasts have taken a slightly cooler turn nationwide, but the West Coast and Mid-Atlantic look to remain at elevated temperatures. Texas and the mid-continent are expected to remain relatively moderate through the end of this month. Power burn forecasts decrease for the remainder of this month, giving some relief to the nearly 5 Bcf/d year-over-year increase in overall demand. Production has fallen just slightly since reaching an all-time high of 82.1 Bcf/d yesterday, but levels have stayed above 80 Bcf/d for over 10 days and look to maintain their strength through the end of August.

 

 

Market Update 081418

Market Settles 081318

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...

18.232.124.77