Consensus was that we would see a Natural Gas build of 69 BCF today. The actual injection came in at 74 BCF. This immediately sent the prompt contract down to $3.78 per MMBTU, from yesterday’s close at $3.962 per MMBTU. Working gas in storage was 3,414 Bcf as of Friday, September 24, 2010, according to. Read the Rest…
Monthly Archive
for: ‘September, 2010’
What’s Driving Energy Prices?
Every morning I wake up and check the financial news to get a sense of what is driving the market. This week several stories caught my eye that I believe are notable, as we try to understand where the energy markets will go in the short-term, as well as over the next couple years. My forecast is. Read the Rest…
Business Electricity Market Still Looking Soft
After natural gas closed last week just above the $4 mark, Monday has seen an $.18 cent drop in the prompt contract. Thus, business electricity prices continue to trade sideways. The short term market outlook is rather soft as you consider the fundamentals. The potential impact of tropical weather is fading fast as the predicted. Read the Rest…
Will Natural Gas Prices Rise This Year?
As the hot days of summer dwindle away, and having seen a rather uneventful hurricane season, it should come as no surprise that natural gas prices have failed to break out of their recent trading range in sub $4 territory. Great news if you need to lock in a new business electricity contract. Not so. Read the Rest…
Electricity Prices Relatively Unchanged
Business electricity prices remained relatively unchanged as we wrapped another week of sideways trading in natural gas market. The NG OCT10 contract settled up 11.5 cents to close at $3.883 per MMBTU.
