Market Watch

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

February gas futures cracked $4 per million Btu resistance Monday to close up 2.8¢ at $4.027/MMBtu, perhaps heralding a rally into expiry on Thursday. But the real story could be the surge by the forward curve. Spring and summer 2022 contracts all jumped more than 9¢ as traders processed news that February may see more than milquetoast demand, which would lower inventories exiting winter. The 12-month strip rose 8.1¢ to $4.015; the 2023 calendar strip gained 2.8¢ to $3.50 (Futures contracts).

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
Wanda Ad #2 (article footer)
The Net-Zero Insurance Alliance (NZIA) is down a third of its members in the face of antitrust threats from a coalition of Republican state attorneys general in the US.
Fri, May 26, 2023
An agreement between the BC government and a First Nations group ends a drilling moratorium in the giant gas play, but details remain to be ironed out.
Fri, May 26, 2023