What seems to be never ending succession of cold and snow in key population centers prompted still higher next-day gas prices in Wednesday’s trading. Outside of titanic gains reported in New England and the Mid-Atlantic, increases of 20 to 30 cents were common. Only a couple of points traded lower, and the overall spot physical gas price rose 71 cents to $4.18.
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Articles from Markets
Weather Models Calling For Cold Push; March NatGas Seen 14 Cents Higher
March natural gas is set to open 14cents higher Wednesday morning at $2.82 as medium term weather forecasts turn colder with some models hinting at snow in the Deep South. Overnight oil markets were mixed.
February 11, 2015
Near-Term Weather Frostier; March Seen Up 3 Cents
March natural gas is expected to open 3 cents higher Tuesday morning at $2.63 as traders note some positive adjustments to near-term temperature outlooks. Overnight oil markets rose.
February 10, 2015
Cash Surges; Nymex Floor Traders Still Expect to Be Around
Physical natural gas for Wednesday delivery bounded higher in Tuesday’s trading as forecasts of additional crushing snow and cold were priced into near-term deliveries. Mega-dollar gains were posted at New England, New York and Mid-Atlantic market points as next-day peak power prices soared and higher loads were expected. The overall gain was a stout 52 cents to $3.47.
February 10, 2015
Futures Firm on Expected Cold; March Called 5 Cents Higher
March natural gas is set to open 5 cents higher Monday morning at $2.63 as traders factor in expected cooler near-term temperature patterns. Overnight oil markets rose.
February 9, 2015
Surging Northeast, Mid-Atlantic Lift Natural Gas Market; Futures Inch Higher
Natural gas for delivery Tuesday advanced at almost every market point as a strong wintry weather system pounded New England and temperatures across the Mid-Atlantic, Ohio Valley and Midwest were forecast to be below normal.
February 9, 2015
$2.50 In Sight, Trader Says; March Called 2 Cents Lower
March natural gas is expected to open 2 cents lower Friday morning at $2.58 as technical traders anticipate the market reaching lower price objectives and the broader weather picture calls for warming. Overnight oil markets gained.
February 6, 2015
North America Cross-Border Gas Flows Finding Their Rhythm
A new pattern is developing in the natural gas trade across North America, with shale supplies from the United States marching into both Canada and Mexico to an emerging seasonal rhythm.
February 6, 2015
Spectra Targeting Northeast Market Amid Record Throughputs
It doesn’t take a polar vortex to drive throughput on Spectra Energy’s Northeast/New England pipelines to peak levels. Comparatively modest weather combined with power generation demand is enough to do the trick, said a pipeline executive with the company, which now is engaged in a demand-pull system expansion targeting the region.
February 6, 2015
Weather, Power Make Weekend Packages A Tough Sell; Futures Grind Lower
Traders took a look Friday at weather outlooks for the weekend into Monday as well as spot power prices and for the most part decided to pass on purchasing much in the way of three-day packages when any needed gas can usually be purchased via convenient electronic communications.
February 6, 2015
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