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Daily Market Update September 13, 2022

Early Morning Update

The Oct ‘22 natural gas contract is trading up $0.07 at $8.32.  The Oct ‘22 crude oil contract is down $0.38 at $87.40.


Monday shook up the calm in the natural gas market that the beginning of September brought, allowing near-term gas to gain cents in the double digits as we look forward to some fall warmth next week. Months through March 2023 gained over 20 cents on average, while the following 12 months through winter 2023-24 gained only seven cents. Next week is looking to bring some shoulder-season heat, as most of the country can expect to see highs in the 80s, with the Southwest and Mid-Atlantic seeing some potential to creep into the 90s. With this shift, we may see the strong power burn that has been prominent this summer continue throughout more of this month than was initially expected. Storage injections have slightly less than one-third of the season left, so we will watch and see if the recent run of 96+ Bcf/d of production is able to keep end-of-season storage estimates holding steady.


Market Update 09 13 2022

Market Settles 09 12 2022


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