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…
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for: ‘Texas Energy Prices’
Does Latest Natural Gas Production Report Signal a Market Bottom?
For months analyst have been looking for the massive drop in rig counts to result in a decrease in natural gas production in the U.S. According to the Energy Information Agency’s latest production report, this has finally happened. Production in the lower 48 states fell by 1.4 billion cubic feet per day in September. This. Read the Rest…
Texas Electricity Prices Uncertain
We started the the week off with a burst of cold weather, and a spike in natural gas prices. Many of the headlines touted a possible market bottom as we witnessed the first markedly cold weather in Texas. But Tuesday saw the market lose it’s momentum, with natural gas closing down 8.4 cents at $4.53. Read the Rest…
