Physical natural gas continued lower Tuesday as the market grappled with a tsunami-like influx of warmer-than-normal temperatures east of the Rockies and the ongoing need to purge storage gas.
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NGI The Weekly Gas Market Report
Ontario Grapples With Record-Breaking Demand, Labor Strife
Ontario’s power grid skated on thin ice for much of last week as the province grappled with high temperatures, record-breaking power demand and labor strife that threatened to take much-needed generating units offline.
Murky Fundamentals Give Traders Little Direction
Natural gas futures were nearly unchanged at the close yesterdayas traders grappled with the conflicting fundamentals of storageand weather. By virtue of its 0.3-cent decline to settle at $2.285,January was the only futures contract month to lose ground. Incomparison, both the February contract and the 12-month strip wereup 0.6 cents for the session to $2.322 and $2.401 respectively.