Natural Gas Prices Move Opposite of Crude Oil
Crude oil prices on the New York Mercantile Exchange (NYMEX) continue to climb higher. Breaching $75 per barrel, the price rebound could actually hinder an economic recovery.
Crude oil prices on the New York Mercantile Exchange (NYMEX) continue to climb higher. Breaching $75 per barrel, the price rebound could actually hinder an economic recovery.
With the natural gas drilling rig count being sliced in half, natural gas production declines are finally starting to surface, but still at a much slower pace than expected.
With four weeks remaining in the storage injection season, inventories are already 94% full. By the end of the injection season on October 31, inventories could easily test maximum capacity of 3,889 Bcf.
As convoluted as it may sound, the recent price rally in natural gas prices could push prices to lower levels in 2010 that may have not otherwise been feasible without this recent rally.
As colder weather hits much of the U.S., physical natural gas prices have rallied. Meanwhile, natural gas NYMEX prices have weakened. Is this a sign of things to come?
As colder weather hits much of the U.S., physical natural gas prices have rallied. Meanwhile, however, natural gas NYMEX prices weakened. Is this a sign of things to come?
Expansions in interstate pipeline infrastructure are helping to equalize natural gas prices throughout the United States.
Natural Gas Price Report is an up-to-date daily commentary on natural gas price moves and how they may impact a business’ bottom line.
Natural gas storage inventories have set a new all-time record of 3,589 Bcf – surpassing the prior record of 3,565 Bcf hit in October 2007. With six weeks remaining in the injection season, inventories are likely to test maximum capacity and this potential is pushing natural
Physical natural gas prices are $1.50 per MMBtu lower than the front-month natural gas NYMEX futures contract. At some point, perception will collide with reality and these two prices will converge.
Physical natural gas prices are $1.50 per MMBtu lower than the front-month natural gas NYMEX futures contract. At some point, perception will collide with reality and these two prices will converge.
The front-month natural gas NYMEX contract dipped to below $3 per MMBtu for the first time since August 15, 2002 even though the weekly storage report was significantly lower than last year’s injection.
Fast Facts points out a number of factors that may impact natural gas prices. In particular, it discusses why the optimism over an economic recovery is premature.
Daily Natural Gas Price Report is a daily commentary discussing price moves for natural gas as it relates primarily to the purchase of natural gas for businesses.
Daily Natural Gas Price Report is a daily commentary discussing price moves for natural gas as it relates primarily to the purchase of natural gas for businesses.
Natural gas prices have breached the $3.155 per MMBtu low set in late-April 2009. This opens the door to a decline below $3 per MMBtu.
Increased regulation sounds good on the surface, but if not implemented correctly, it could also have some unintended consequences. Unfortunately, there is no way to know how speculators will react to new rules which are likely forthcoming.
Natural gas storage inventories are the highest ever this early in the injection season. The rapid injection pace is likely to result in a building of pipeline pressures that will ultimately cause production curtailments and a short-term supply glut.
The latest unemployment report created a lot of euphoria in the markets that an economic rebound is near, but that optimism is likely to evaporate just as it did a few months ago because the markets have gotten ahead of themselves.
The recent 10-minute price rally in natural gas overshadowed the bearish fundamentals reminding buyers that logic doesn't always prevail.