Provident Energy Consulting

Provident Energy Synthesis and Insights

All you need to know from our experts


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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Northeast cash prices show volatility; NYMEX contract posts small increase

Northeast cash prices saw big swings in either direction Friday, with Appalachian hubs weakening ahead of scheduled maintenance and some key demand centers strengthening on steamy weather. The NYMEX August gas futures contract settled 3.1 cents higher at $3.644/MMBtu.

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NYMEX August contract gives up 6.7 cents, cash prices decline on storage, mild forecasts

A round of pipeline outages failed to support cash prices Thursday as the market instead followed a decline in power generation demand. Futures likewise declined on a large storage build and a milder weather outlook for the rest of July, with the NYMEX August gas contract slipping 6.7 cents to a preliminary settlement of $3.613/MMBtu.

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Potential Peak Day Alert (July 15-19, 2013)

Sustained hot weather is forecast for much of the east coast next week (July 15 to 19) and there is a significant likelihood that we will see a year-to-date system peak in ISO-NE, NYISO, and PJM.

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New York cash lifted by nuclear outage; NYMEX recedes at temperatures decline

Cash prices gained ground in most regions Tuesday, with one New York point getting a significant lift from a reduction in regional nuclear power generation. But the NYMEX August gas futures slid 8.4 cents to settle at $3.657/MMBtu on forecasts for moderating temperatures.

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Warmer forecasts aid NYMEX contract, regional demand, constraints boost cash

Futures trading got a boost from above-average temperatures forecast for much of the country over the next two weeks, with the NYMEX August gas contract posting a preliminary settlement 12.4 cents higher Monday at $3.741/MMBtu. Cash prices climbed as well, as the volatile Northeast market jumped more than $1 on postponed pipeline maintenance.

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