The recent tightening of Henry Hub-New York basis can beattributed to a number of factors: the large amounts of capacitybeing turned back to the pipelines, high inventory levels,competitive residual fuel oil prices and new liquefied natural gasprojects, according to a prominent energy trader.
Henry
Articles from Henry
May Prices Rise a Bit After Expiry, But Will It Last?
It seemed reasonable to expect that with the Henry Hub futuresprice barely budging on its last day of trading, cash numbers forMay wouldn’t be moving much in either direction either, as a coupleof sources said prior to the screen expiry Tuesday. Yet tradersreported prices rising a few cents in several markets in afternoondeals. A marketer whose Chicago citygates were in the low $2.30sMonday submitted quotes in the mid to high $2.30s Tuesday. AndPermian Basin gas traded at $2.08-09 most of the day but bumped upto $2.11-12 after the screen closed, a producer said.
April 29, 1998
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
