Search results
Results from the WOW.Com Content Network
The standardized NYMEX natural gas futures contract is for delivery of 10,000 million Btu of energy (approximately 10,000,000 cu ft or 280,000 m 3 of gas) at Henry Hub in Louisiana over a given delivery month consisting of a varying number of days. As a coarse approximation, 1000 cu ft of natural gas ≈ 1 million Btu ≈ 1 GJ.
Monthly average natural gas prices, showing the location of the Henry Hub. The Henry Hub is a distribution hub on the natural gas pipeline system in Erath, Louisiana, owned by Sabine Pipe Line LLC, a subsidiary of EnLink Midstream Partners LP who purchased the asset from Chevron Corporation in 2014. [1]
Natural gas prices ... "Although we still very much like gold as a structural multiyear bullish story with an updated price target of $2,600/oz, US Henry Hub natural gas has moved to the top of ...
Based on last week’s price action and the close at $2.611, the direction of the July natural gas futures contract is likely to be determined by trader reaction to the weekly pivot at $2.633.
And in Europe, natural gas prices jumped to 2024 highs this past week after Ukrainian troops crossed into Russia and claimed the capture of a key gas transit hub.
For instance, natural gas futures in the United States usually have the Henry Hub as a delivery point, [2] and gold may have a delivery point of New York or London. Futures contracts that differ only in the delivery point will typically have slightly different prices, reflecting localized supply and demand and transportation costs. [citation ...
The most commonly quoted producer price for natural gas is the Louisiana-based Henry Hub price, which is futures-traded on NYMEX. A barrel of oil releases about 5.8 million BTU when burned, so that 5.8 MCF of gas (at the standard one thousand BTU per cubic foot) releases about the same energy as a barrel of oil.
Based on last week’s closing price reversal bottom and close at $2.580, the direction of the June natural gas market this week is likely to be determined by trader reaction to last week’s high ...