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

Daily Market Update August 15, 2018

Early Morning Update

The Sep18 natural gas contract is trading down $0.01 at $2.95.  The Sep18 crude contract is down $0.59 at $66.45.

 
 

Summary

After losing a total of 2.5 cents in the prior two trading sessions, the September NYMEX contract continued its search for direction yesterday. Supported by low natural gas stockpiles, but limited by strong domestic natural gas production, the prompt month contract gained back 2.9 cents yesterday to settle at $2.959/MMBtu. While U.S. dry natural gas production set another all-time record at 82.1 Bcf on Monday, August 13, estimates for today’s production slipped by over 1.0 Bcf/d. With growth anticipated in most demand sectors, natural gas production will need to increase in order to alleviate some of the storage concerns that have set into the market. Near-term weather outlooks support growth to natural gas storage, if cooler temperatures and demand relief are actualized. Currently, natural gas storage sits at 2.354 Tcf, a 22% deficit to last year and a 20% deficit to the 5-year average.

 

 

Market Update 081518

Market Settles 081418

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...

35.173.234.237