Market Watch

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

Nymex November gas futures continued a seemingly counterintuitive rally on Wednesday, gaining 9.3¢ to $6.93 per million Btu. The November contract’s two-session 46¢ rise comes as a bearish pall is falling on the market with production grinding to new record highs and light shoulder season demand and widespread Hurricane Ian-related power outages in the Southeast taking a toll on gas-fired power. The 12-month strip rose 8.5¢ to $5.83; the 2023 calendar strip was up 8.6¢ at $5.568 (Futures contracts).

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
Wanda Ad #2 (article footer)
Mexico's overall LNG exports are expected to grow quickly as well, with the US supplying much of the gas.
Mon, Jun 5, 2023
Speakers at the Louisiana Energy Conference this week openly worried about a return of Russian gas to Europe, upending US LNG prospects.
Fri, Jun 2, 2023