Market Watch

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

January gas futures rose 25.4¢ Wednesday to $5.723/MMBtu as a significantly oversold market clawed back some of the previous five sessions' $1.766 loss. Bearish optics may have prevented a stronger reversal as mild conditions last week are expected to result in a relatively small storage withdrawal, and the eastern US may not see seasonably cold weather until mid-month. The 12-month strip rose 15.8¢ to $5.032; the 2024 calendar strip was up 2.2¢ to $4.559 (Futures contracts).

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
Wanda Ad #2 (article footer)
Freeport LNG on Thursday cleared another hurdle in its plans to restart operations at the Texas Gulf Coast export terminal. But the resumption of exports may still be a ways off.
Fri, Jan 27, 2023
Europe is a strong position to fill natural gas storage ahead of next winter, but lower prices pose a challenge.
Thu, Jan 26, 2023