heat wave

Historic Heat Wave, Tight Balances Drive Steep Gains for Natural Gas Forward Prices as Core of Summer Still Ahead

Historic Heat Wave, Tight Balances Drive Steep Gains for Natural Gas Forward Prices as Core of Summer Still Ahead

Fueled by unrelenting heat across Pacific Northwest, Western Canada and the East Coast, natural gas forwards surged in the trading period ending June 30, according to NGI’s Forward Look. August prices shot up an average 19.0 cents over the six-day period, led by an astounding C28.0-cent climb at NOVA/AECO C. The stout gains continued throughout…

July 2, 2021