In addition to this year’s higher-than-average natural gas prices, factors such as infrastructure upgrades and renewable energy investments are leading some electric utilities across the Southeast to update rates for their customers.
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As Hurricane Ian Rages, November Natural Gas Futures Contract Debuts with Whimper
Natural gas futures fell on Wednesday in the wake of demand destruction imposed by Hurricane Ian and another stout storage injection. The November Nymex gas futures contract, debuting as the prompt month, lost 8.1 cents day/day and settled at $6.874 /MMBtu. December shed 5.8 cents to $7.142. At A Glance: EIA prints 103 Bcf storage…
September 29, 2022
October Natural Gas Futures Probe Higher into Expiration as ‘Awful’ Hurricane Strikes, Russia Antagonizes
Natural gas futures seesawed as a powerful hurricane hammered Florida Wednesday, curbing demand but raising the specter of production interruptions. Market participants also weighed expectations for another stout storage print amid thin trading heading into contract expiration. At A Glance: Analysts look for 90s Bcf storage build Hurricane Ian poses damage wildcard Russian threats ignite…
September 28, 2022
Calm Before Storm? Natural Gas Futures Called Slightly Higher as Ian Approaches
With Florida bracing for impact and analysts predicting volatility ahead of this week’s front month contract expiration, natural gas futures posted modest gains in early trading Tuesday. The October Nymex contract was up 4.2 cents to $6.945/MMBtu at around 8:45 a.m. ET. November was up 2.9 cents to $7.043. After making landfall over western Cuba,…
September 27, 2022
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