Spring Storm Drives Higher Natural Gas Demand, Nymex Futures Prices
Cooler weather ushered in by a strong spring storm over the weekend set the table for strong heating demand most of this week across the northern United
Stay updated with breaking news from Transco Zone. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Cooler weather ushered in by a strong spring storm over the weekend set the table for strong heating demand most of this week across the northern United
Drawing support from spring chills and a strengthening weather-driven demand outlook, regional natural gas forwards generally gained ground during the
The February Nymex natural gas futures contract ended on a positive note Tuesday, recovering from early losses as long-range forecasts hinted at more cold arriving after a milder break next week. In the spot market, Midwest prices surged for a second straight day as forecasters were looking for the most extreme temperatures from this week’s polar cold front to hit the region Wednesday; theNGISpot GasNational Avg.added 77.5 cents to $4.400/MMBtu.
Drawing support from spring chills and a strengthening weather-driven demand outlook, regional natural gas forwards generally gained ground during the
Spot natural gas prices tumbled during the April 10-14 trading week as warmth spread across most of the country, limiting natural gas demand for heating