Market Update Video

Stay up-to-date on all the latest market trends and analysis, including natural gas and electricity pricing, rig counts, natural gas storage, bullish and bearish market factors and buying strategies in our weekly market update broadcast with Hans Rottmann, Manager of Market Intelligence. View Now »

For monthly summaries, check out Hans' Buying Strategies market summary.

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DAILY MARKET UPDATES

  • Click here for the Canadian Weekly Market Update.

  • Market Update for May 17, 2012
    The June '12 natural gas contract is up 2.7 cents to $2.645. June '12 crude contact is down 6 cents at $92.75.
     

  • Market Factors:

    Bullish Factors
    - Coal-to-gas switching
    - Potential production cutbacks
    - EPA regulations (long-term only)
    - Below-average additions to storage

    - Bearish Factors
    - Natural gas glut
    - Mild weather

  • Next-day Power Traded for 5/17/12
    Mass Hub
    $27.70    		 Cin Hub
    $29.58    		 NY Zone A
    $28.00
    PJM
    West Hub
    $32.92    		 ERCOT
    North
    $29.02    		 CA
    SP15
    $32.60

  • Summary for 5-17-12
    The June '12 contract increased 11.8 cents, closing at $2.618. The market jumped significantly because of revised forecasts for warmer weather at many major consuming hubs Crude continued its downward spiral, hitting a 6-month low because of ongoing concerns about the viability of the European Union and U.S. inventory levels that are the highest they've been in decades.

    EIA Storage Report: 5-17-12

    The EIA reported an injection of 61 Bcf, which was slightly above expectations.

    Storage now stands at:2.667 Tcf

    Last year: 1.893 Tcf

    5-year average: 1.894 Tcf

 
 

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