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

Daily Market Update June 13, 2018

Early Morning Update

The Jul18 natural gas contract is trading up $0.03 at $2.97. The Jul18 crude contract is down $0.36 at $66.00.



After trading in a range of $2.917 to $2.988/MMBtu, searching for direction, the July NG NYMEX contract settled one cent lower than Monday’s close yesterday at $2.939/MMBtu.  Milder temperatures across the Midwest and Northeast since the start of June have kept U.S. natural gas demand at bay, but with a high of 91 degrees forecast on Monday for a PJM average, downside could be limited. Longer-term natural gas contracts increased by one cent, on average, yesterday, but many are still trading near all-time lows. The EIA released their June “Short-Term Energy Outlook” yesterday, the next release is scheduled for July 10. Highlights included a prediction that U.S. dry natural gas production will average 81.2 Bcf/d this year, which would represent 7.6 Bcf/d y-o-y growth, and 83.8 Bcf/d in 2019. As a result of production growth, the EIA predicts liquified natural gas exports will be able to average 3.0 Bcf/d this year (1.1 Bcf/d higher than 2017) and 5.1 Bcf/d in 2019.



Market Update 061318

Market Settles 061218

To subscribe to Daily Market updates please visit