Market Updates

Daily Market Update October 30, 2018

Early Morning Update

The Dec18 natural gas contract is trading up $0.07 at $3.27. The Dec18 crude contract is down $1.14 at $65.90.

 

Summary

Natural gas prices were mixed on Monday, amid record production and a more injection-friendly forecast for November. The November prompt month expired as the prompt month, unchanged from Friday’s settle at $3.185/MMBtu, the 12-month strip moved down less than a cent to $2.885, 2019 lost less than a penny to $2.828, and 2020 gained a cent to $2.675. Over the weekend, production eclipsed 85 Bcf/d and set a new all-time high at 85.2 Bcf/d, as the Permian basin continues recovery from a mid-month outage and Appalachia maximizes the increasing capacity of the Atlantic Sunrise, Rover, and Nexus pipelines. Production is expected to continue over 85 Bcf/d for the next two weeks, just as weather forecasts turn more amenable. Normal to slightly warmer temperatures dominate the vast majority of the country, bringing some hope for late season injections prior to the winter months.

 

Market Update 103018

Market Settles 102918

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...

35.175.200.4