Provident Energy Consulting

Provident Energy Synthesis and Insights

All you need to know from our experts


NYMEX Oct. contract drops 2.1 cents; cash prices take their cues from demand

The NYMEX October gas futures contract fell 2.1 cents to a $3.584/MMBtu settlement on Tuesday as traders priced in expectations for a bearish storage report and the contract held key support levels. Cash prices were mixed, largely following regional demand.

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NYMEX contract drops on storage build

A slightly larger than expected storage build sent the NYMEX October gas futures contract tumbling 10.8 cents to a $3.575/MMBtu settlement on Thursday.

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NYMEX Moves Up After Sideways Trading

The NYMEX October gas futures contract posted a preliminary settlement of $3.683/MMBtu, up 1.7 cents, after a day of sideways trading activity.

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NYMEX Sept. contract posts 5.7-cent gain, cash prices rise on tropics, long-term heat

Potential tropical activity gave a boost to both futures and cash trading on Wednesday, with the NYMEX September gas futures contract settling 5.7 cents higher at $3.342/MMBtu. Most cash points rose modestly.

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Gulf hurricane threat to natural gas prices does not pose potential issues it once did, analysts say

With Gulf of Mexico gas production down to just 6% of total US output, the traditional bullish threat of supplies being knocked offline has been replaced by the bearish potential for demand destruction as winds and rains shut down power plants, businesses and factories.

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Appalachian cash prices continue to rise; NYMEX inches lower on weather reports

Appalachian cash prices continued to rebound on Tuesday, gaining nearly 70 cents at one point as buyers jumped in to take advantage of cheap Marcellus gas. But traders pushed the NYMEX September gas futures contract down 2.5 cents on Tuesday to $3.285/MMBtu as they focused on mild near-term weather forecasts.

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Cash prices drop as demand decreases; NYMEX Sept. contract rises 1.4 cents

With August weather looking more like a shoulder season, cash prices fell in most regions Wednesday. The NYMEX September gas futures contract posted a preliminary settlement 1.4 cents higher at $3.446/MMBtu as prices consolidated above recent lows.

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Northeast prices crash as weather cools off; NYMEX August contract posts another loss

A cooling trend across much of the US sent the NYMEX August gas futures contract down 8.9 cents Friday to settle at $3.555/MMBtu and knocked some Northeast cash prices down more than 50 cents.

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Northeast cash slides as heat wave wanes; NYMEX contract gives back 2.3 cents

Cash prices rose in most regions Friday but plummeted in parts of the Northeast as forecasters called for an end to the heat wave that gripped the region all week. Futures prices reversed course, with the NYMEX August contract falling 2.3 cents to a $3.789/MMBtu settlement.

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Northeast cash gains on heat wave; NYMEX falls; power terms ease

Northeast city-gate cash markets continued to climb Tuesday as the region baked under a stubborn heat wave, while prices edged lower in other regions. The NYMEX August contract settled only 0.3 cents higher at $3.677/ MMBtu as traders sought direction.

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