The natural gas futures market continues to slide brought on by light demand in the main consuming region, Northeast. The current El Nino winter has unseasonably warm temperature blanketing the northeast consuming region and as long as it is 45 degrees in the dead of winter in NYC, there simply is little need for natural gas heat. The March NYMEX futures contract dropped… read more
The northeast production area seems to continue to remain extremely strong as it has hit an all time record boasting natural gas supply over 21 Bcf per day of this past week (11/20/2015). Now, with warmer weather slated of the week of Thanksgiving, continued production (and no weather), could cause “cash” pricing to tumble and thus yield prices that haven’t been seen in… read more