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Market Watch

Copyright © 2021 Energy Intelligence Group

A market steeped in "irrational exuberance" tested credulity Monday with October futures jumping 56.6¢ to close at $5.706 per million Btu on the eve of expiration. The contract traded in a $5.176-$5.851 range. The last time the contract settled close to this mark was in winter 2010 after a major arctic blast sent storage falling at a clip. The difference now is prices are rising in anticipation of a cold winter, which would cause supply shortages with production idling between 91 billion-93 billion cubic feet per day and LNG exports running full out at around 12 Bcf/d. The 12-month strip rose 34.1¢ to $4.866; the 2022 calendar strip rose 24.5¢ to $4.454 (Futures contracts).

As he looks to protect his right flank ahead of April's presidential election, French President Emmanuel Macron is dialing up support for new nuclear.
Fri, Oct 15, 2021
The juxtaposition of a mild weather against a tightening supply-demand outlook brought about another volatile week for natural gas futures.
Fri, Oct 15, 2021