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2017-12-29 11:40:00

GAS PRICES DOWN TO $2.643/MMBTU

GAS PRICES DOWN TO $2.643/MMBTU

PLATTSAfter dropping 2.4 cents Tuesday to settle at $2.643/MMBtu, NYMEX January natural gas futures dipped then rallied ahead of Wednesday's open and the contract's expiry at the close of business, as traders mulled the likely impact on demand from weather outlooks.

At 6:52 am ET (1152 GMT) the contract was 3.6 cents higher at the overnight high of $2.679/MMBtu while trading as low as $2.598/MMBtu.

The latest temperature forecasts show are dwindling area of colder weather, implying diminishing support for heating-related demand.

Offsetting these, however, are National Weather Service 6-10 day forecasts showing the country split between below-average temperatures over nearly the entire eastern two-thirds of the US and above-average temperatures over much of the West, separated by a narrow band of average temperatures over a few areas of the Rockies into fringes of Texas.

Further out to the 8-14 day period, temperatures over a large area of the central US and the edges of the Southeast show moderate to average readings, shrinking the scope of below-average temperatures to the eastern third of the US and parts of the Gulf Coast.

Above-average temperatures overtake almost all of the West and patches of the Midwest and Gulf Coast.

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Earlier:

 Prices
2017, December, 6, 12:05:00

GAS PRICES DOWN TO $2.933

PLATTS - Colder weather outlooks for major heating regions support the upside, while the recent and impending lackluster pace of storage erosion is keeping downward pressure on the market. At 6:50 am ET (1150 GMT) the contract was 5.2 cents lower at $2.933/MMBtu.

 

 Prices
2017, December, 1, 12:40:00

GAS PRICES DOWN TO $3.097/MMBTU

PLATTS - Having gained over 5 cents yesterday as the new front month contract, NYMEX January 2018 natural gas futures were lower ahead of Thursday's open and the morning release of the weekly storage data. At 6:45 am ET (1145 GMT), the contract was down 8.2 cents to $3.097/MMBtu.

 

 Prices
2017, November, 29, 09:30:00

NYMEX GAS PRICE: $2.928/MMBTU

PLATTS - A bullish weather forecast for much of the US provided a boost for gas futures coming out of the four-day Thanksgiving holiday, with NYMEX December settling Monday at $2.928/MMBtu, up 11.5 cents from Friday's close.

 

 Prices
2017, October, 13, 13:00:00

PRICES: OIL $52-54; GAS $3.03-3.19

EIA forecasts Brent spot prices to average $52/b in 2017 and $54/b in 2018, which is $1/b higher in 2017 and $2/b higher in 2018 compared with last month's forecast. West Texas Intermediate (WTI) average crude oil prices are forecast to be $3.50/b lower than Brent prices in 2018.

 

 Prices
2017, September, 20, 09:00:00

GAS PRICES UP TO $3.146

The NYMEX October natural gas futures contract jumped 12.2 cents Monday to settle at $3.146/MMBtu, with warmer-than-average weather expected to persist through the end of September across major demand areas.

 

 Prices
2017, September, 13, 15:20:00

OIL PRICES: $51 - $52, GAS PRICES: $3.05 - $3.29

EIA forecasts Brent spot prices to average $51/b in 2017 and $52/b in 2018. Expected growth in natural gas exports and domestic natural gas consumption in 2018 contribute to the forecast Henry Hub natural gas spot price rising from an annual average of $3.05/MMBtu in 2017 to $3.29/MMBtu in 2018.

 

 Prices
2017, September, 4, 12:20:00

U.S. GAS UP TO 1.9%

In June 2017, for the first time in 15 months, dry natural gas production increased year-to-year from the same month a year ago. The preliminary level for dry natural gas production in June 2017 was 2,188 billion cubic feet (Bcf), or 72.9 Bcf/day. This level was a 1.3 Bcf/day (1.9%) increase from the June 2016 level of 71.6 Bcf/day.

 

 

Tags: GAS, PRICE