Market Insight

North American Gas Markets Stagnate Despite Heat Wave

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

The most intense heat wave in years kept US natural gas demand near record highs last week but failed to ignite futures prices, which remain stuck in the mid-$2 per million Btu range.

Gas Prices, Gas Spot Markets, Gas Supply, Gas Inventories, Gas Pipelines, Gas Demand, Gas Futures and Derivatives
Wanda Ad #2 (article footer)
A further increase in gas hub indexation in piped gas and LNG contracts highlights its importance for flexibility and security of supplies.
Tue, Sep 26, 2023
State regulators have not identified what led to the highest-ever gas prices during February 2021's Winter Storm Uri, raising red flags about the upcoming winter.
Fri, Sep 29, 2023
The November Nymex contract failed to breach the $3/MMBtu mark in its first two days in the prompt month spot despite "bullish shifts" in the fundamental picture.
Fri, Sep 29, 2023