Joliet Midwest Natural Gas Prices

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Joliet Description

Gas transacted at all pipeline interconnections at ANR's Joliet Hub in Will County, IL, and at Channahon in Grundy County, IL. Joliet and Channahon are approximately ten miles apart. ANR's Joliet Hub interconnects with Alliance, Guardian, Horizon, Kinder Morgan Illinois, NGPL, Northern Border, Midwestern, and Vector Pipelines, along with the NiGas, NIPSCO, and Peoples LDC systems. Channahon is home of the Aux Sable natural gas processing plant, and is the terminus of Alliance Pipeline. Alliance connects with ANR, Guardian, NGPL, Midwestern, and Vector Pipelines, with small interconnects with the NiGas and Peoples LDC systems.

Strong Power Burns Boost Weekly Natural Gas Cash Prices

A popular mantra in the world of energy is that there’s no better cure for low prices than low prices, and that slogan rang true for the May 18-22 period as cheap natural gas incentivized power burns across the Lower 48, driving up weekly spot gas prices. Despite a generally mild weather pattern over most areas, NGI’s Weekly Spot Gas National Avg. jumped 9.5 cents to $1.615.

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PM markets

Natural Gas Futures See Modest Bump Ahead of Holiday Weekend; Cash Mixed

Natural gas futures traded both sides of even on Friday as the market steadied a bit while continuing to weigh steep production cuts, seasonal weather and hefty liquefied natural gas demand losses. The June Nymex gas futures contract ultimately closed the week at $1.731/MMBtu, up 2.1 cents from Thursday’s close. July picked up 2.9 cents to reach $1.881.

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Natural Gas Futures Pull Off Another Rally, Break Technical Resistance

Fresh off a nearly 14-cent run, natural gas futures edged higher again Tuesday as the market continued to digest the sharp drop in production over the weekend. With weather models hinting at an increasingly supportive picture for summer heat, the June Nymex gas futures contract settled at $1.830, 4.7 cents higher day/day. July rose 2.6 cents to $1.985.

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Natural Gas Futures Slip in Choppy Trade; Cash Bounces Despite ‘Comfortable’ Weather Pattern

Natural gas futures bounced around a bit on Friday, but ultimately capped the week on a soft note despite some slight tightening in supply/demand balances. The June Nymex gas futures contract settled at $1.646, down 3.5 cents from Thursday’s close. July fell 5.1 cents to $1.833.

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Weather Drives Big Moves for Weekly Natural Gas Spot Prices

Spot natural gas prices came roaring back for the first week of May, driven higher by cooling demand from the West Coast to the Southeast and heating demand in the Midwest and East. An surge in futures early in the week also lent support to markets, with the NGI Weekly Spot Gas National Avg. rocketing some 20.5 cents higher to $1.750.

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PM markets

Natural Gas Futures Extend Losses, but ‘Meaningful’ Tightening Seen as Shutdowns Ease

Natural gas futures capped the first week of May with a third straight day of losses as near-term demand weakness trumped a sustained drop in production. The June Nymex gas futures contract settled Friday on the lower end of its trading range, off 7.1 cents day/day at $1.823. July fell 5.0 cents to $2.077.

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PM markets

Natural Gas Futures Dragged Lower by Weak Cash in Choppy Session

Friday marked another choppy day for natural gas futures, with prices initially fueled by a sharp decline in production but then pressured by weak cash prices and soft demand. The June Nymex gas futures contract ultimately settled at $1.890, down 5.9 cents from Thursday’s close. July slipped 3.6 cents to $2.134.

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Waha Falls to Record Low as Springtime Chill Lifts Most Other Lower 48 Weekly Cash Markets

A chilly start to the week for much of the United States, and lingering cool weather on the East Coast to end the week, led to robust gains for spot gas prices for the April 20-24 week. NGI’s Weekly Spot Gas National Avg. jumped 10.0 cents to $1.595.

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Natural Gas Futures Plunge Amid ‘Epic’ Demand Destruction; Mostly Mild Temperatures Hit Cash

After a quiet start, increased selling late in Friday’s trading session led to another day of pronounced swings in the natural gas futures market. The May Nymex contract capped the week at $1.746, down 6.9 cents from Thursday’s close. June dropped 4.7 cents to $1.895.

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Natural Gas Futures Trim Losses After EIA Reports 43 Bcf Storage Injection

The Energy Information Administration reported that natural gas storage inventories grew by 43 Bcf for the week ending April 17, well within... Read More