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We're carefully watching for the day when the futures price of Henry Hub natural gas passes the important psychological barrier of closing above $10/MMBtu. We came close yesterday. Early yesterday the NYMEX September ("front month") contract shot up to an intraday high of $9.98. But ultimately, the price closed at the end of the day
Volatility is defined as "liability to change rapidly and unpredictably, especially for the worse." Price volatility is the price of something (like natural gas) making big swings, both up and down, quickly and without warning. For years the price of natural gas was pretty much constant--it moved up or down here or there, but in
Yesterday MDN poked fun at the gyrating up-and-down predictions from the U.S. Energy Information Administration (EIA) with respect to the spot price of natural gas at the benchmark Henry Hub (see EIA 2H22 Henry Hub Price Prediction Continues to Gyrate Up & Down). Our sarcasm and dry wit were lost on at least one humorless
Once a month, the analysts (interns?) at the U.S. Energy Information Administration grab the official Henry Hub pricing dart board and play a quick game to determine what price they will predict for the average Henry Hub spot price for natural gas for the rest of this year, and then an average price for all
Enverus, a leading global energy data analytics and SaaS technology company, earlier this week released Macro Forecaster, a new report that assesses the continued impact of COVID-19, the Ukraine war, and the weakening global economy on near-term oil and gas balances. Enverus predicts the price of oil will be somewhere in the range of $80s