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NYMEX began offering standardized natural gas contracts with delivery at the Henry Hub in April 1990. In 2011, the Henry Hub was the site of a land dispute, in which Sabine sued to condemn land near the site of their hub, and expropriate it from the Broussard family, who had owned it for generations, arguing that it was acting in the national ...
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.
Even in 2020, when the COVID-19 pandemic turned global markets upside-down and the price of U.S. crude oil went negative for the first time ever, there were only nine days when Waha prices were ...
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.
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A natural gas glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year.At West Texas's key trading spot, the Waha Hub, prices have been negative ...
I assume that the Henry Hub is the natural gas delivery/receive point in Louisiana for future contracts negotiated on the NYMEX. From this point gas can be shipped via the Sabine network to various other locations at a transport cost determined by the Sabine Pipeline Co.
Crude oil prices to gas prices Henry Hub natural gas prices. From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under US$25/barrel in 2008 dollars.