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…
Category Archive
for: ‘Commercial Electricity Prices’
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…
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.
Business Electricity Prices Hold At Support
Business electricity prices continue to hold at support with Natural Gas (NGOCT 10) closing yesterday, down 4.6 cents to $3.76 / mmbtu on the Nymex Henry Hub. Between August 26 and Sept 10, we have traded in a range between $3.95 and $3.69. Yesterday saw storage come about where we expected it to at net. Read the Rest…
Electricity Prices Drop on Light Storage Draw
Electricity prices fell Thursday morning upon release of the latest natural gas storage report. According to the Energy Information Agency there was a withdrawal of 115 billion cubic feet of natural gas during the week of January 29th. The consensus among insiders was that there would be a draw of approximately 122 bcf. The same. Read the Rest…
