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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