Page 22 - Commodity Price News Today

When you only have one main pipeline flowing natural gas from the prolific Marcellus Shale to your region, as does Boston, if that pipe has an outage for any reason, as the Algonquin Gas Transmission (AGT) has had, you're in trouble. AGT declared a force majeure (an unforeseen act of God) on the 26-inch line

Natural gas pricing for both the physically traded and financially traded contracts is an interesting beast. Both the buyers and sellers of natural gas for both physical and financial trades are "encouraged" (but not required) by the Federal Energy Regulatory Commission (FERC) to report their trades (how

New modern era records continue to be broken. The Henry Hub "front month" NYMEX futures price for natural gas briefly traded over $8/MMBtu yesterday before closing at $7.82/MMBtu (up $0.52 for the day). It certainly looks as if soon, possibly today, the NYMEX price will fly by and close at a price higher than $8/MMBtu.

Yesterday the "front month" price of natural gas trading on the NYMEX Henry Hub closed at $7/MMBtu, the highest NYMEX price in 13.5 years (since Nov. 10, 2008). It was just two days we told you the NYMEX price was making a run for $7, closing at $6.64 on Monday (see NatGas Makes a Run

Traditionally the United States has largely been insulated from conditions (and prices) in other parts of the world that affects prices in our own domestic natural gas markets. At least that's been the case since the miracle of fracking took off and changed energy dynamics roughly 15 years ago. Once upon a time the U.S.

The "front month" May NYMEX natural gas futures contract "exploded" (poor choice of words?) yesterday, going up 37 cents in a single day to close at $6.64/MMBtu. Yesterday's price for NYMEX natural gas was the highest in the past 13 years. In trader's language, "key resistance" has been in the $6.10-$6.30/MMBtu range. Previous price rallies

Several energy experts interviewed for a Bloomberg article are sounding the alarm that the world is heading for a natural gas, and energy in general, shortage. Natural gas is a "key component" that keeps the world economy humming along. It's used to power factories, heat homes, and produce

Yesterday the NYMEX Henry Hub futures price (front month) contract rose $0.32 (5.3%) to close at $6.03/MMBtu. That's the first time since January the price has broken $6. Why the bump in price now? Is it because of the war (everything is blamed on the Ukraine war these days)? Nope. At least, mostly not because

Hasina suggests using pumpkin in place of eggplant as prices soar in Ramadan

Sort of a mixed bag with respect to recent prices for natural gas. While the spot cash price as a... Continue reading