Real-Time Wholesale Index Prices
Natural Gas Market Update: May 17, 2016
Last Week’s NYMEX Recap
NYMEX Henry Hub spot market prices were poised for a rally last week, closing as high as $2.173/MMBtu on Wednesday 5/11/2016 before falling 7.7 cents to close the week out at $2.096/MMBtu, a net drop of $0.005/MMBtu from the previous week. The 12 month strip settled down to $2.640 (-3.6 cents, or -1.35%), while the 24 and 36 month strips also fell to $2.727 (-4.6 cents...Read More >
Natural Gas Storage Report: Injection Season Week 6 (Week Ending May 6, 2016)
May 6 marked the end of Week 6 of this Injection Season, and the mild builds continue through this uncertain shoulder month. Today, the EIA reported an injection of 56 Bcf, slightly below market expectations of 58 Bcf. This number is well below last year’s relatively robust number, as well as the five year average of 89 Bcf.
Natural gas storage currently sits at 2,681 Bcf, which is 816 Bcf...Read More >