Market Watch

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

On its first day as prompt month, May gas futures rose 27.5¢ to $5.605 per million Btu, challenging long standing resistance at $5.65. If it were to bypass that threshold, the contract could well rise into a $5.80-$6 range, analysts say. However, that would require traders to shrug off bearish storage data on Thursday and focus instead on expectations for an increasingly tight market to come.

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
Wanda Ad #2 (article footer)
K Line, Mitsui OSK and NYK say they plan to develop the world's first large-scale carrier of liquefied hydrogen.
Thu, Sep 28, 2023