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The natural gas market in the United States is split between the financial (futures) market, based on the NYMEX futures contract, and the physical market, the price paid for actual deliveries of natural gas and individual delivery points around the United States.
The price of February futures for natural gas jumped to a high of $4.20 per million British thermal units in Monday's trading session. The gain continues recent trends, with the price of natural ...
Risks to natural gas supply. The situation in Israel has also weighed heavily on the European natural gas market. European benchmark gas futures jumped as much as 5.7% Friday to €56 ($59) per ...
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]
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.
Natural gas prices in the Permian Basin, West Texas, went below zero more than once in 2019. Natural gas is produced there as a byproduct of oil production, but production has increased faster than the construction of pipelines to transport natural gas. Oil production in the Permian Basin is profitable, so the natural gas continues to be ...
Natural gas prices surged more than 20% on Monday after a wave of forecasts over the weekend predicted incoming arctic air could set the U.S. up for the coldest January in a decade or more.
Natural gas prices were trading below $2 per million British thermal units for much of February, March, and April given milder-than-expected weather. The commodity was down roughly 20% year to ...