Provident Energy Consulting

Provident Energy Synthesis and Insights

All you need to know from our experts

NYMEX drops 9.2 cents as weather cools; cash declines with demand in most regions

The NYMEX July gas futures contract dropped 9.2 cents Tuesday to $3.647/MMBtu on forecasts for cooler weather. Cash points likewise dropped in most regions, as an eastern Canadian pipeline ended its force majeure, and Alberta markets saw demand drop due to flooding-related power outages.

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Northeast gas up $1 on heat; power forwards dip

A pipeline force majeure coupled with a jump in cooling demand triggered a $1 spike at some cash points in the Northeast on Monday. NYMEX prices edged lower, with the July gas futures contract falling 3.2 cents to a $3.739/MMBtu settlement on long-range forecasts for milder weather.

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NYMEX drops; cash slides except in Northeast; power terms drop

Prices generally moved lower Friday, with the NYMEX July gas futures contract down 10.6 cents to settle at $3.771/MMBtu and cash markets reacting to some milder weather forecasts and a smattering of pipeline constraints.

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NYMEX, cash slip on storage, cooler forecasts; power terms mixed

After three sessions of gains, the NYMEX July gas futures contract fell 8.6 cents Thursday to settle at $3.877/MMBtu on a moderately bullish storage report and slightly cooler weather in the forecast. Cash prices likewise sank in most regions.

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NYMEX inches closer to $4; cash prices rise; power terms rally

After flirting briefly with the $4 mark, the NYMEX July gas futures contract settled at $3.963/MMBtu Wednesday, up 5.8 cents, on supportive weather forecasts. Cash prices likewise rose at most points.

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2016/2017 PJM Interconnection Auction Results

Surprisingly high levels of imports combined with a strong showing from new generators and flat demand led to lower-than-expected clearing prices in the PJM Interconnection capacity auction for delivery year 2016/2017, according to analysts.

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Spot natural gas prices of $3.50/Mcf to $4.50/Mcf appear to be sweet spot for producers: FERC staff

Spot natural gas prices in a range of $3.50/Mcf to $4.50/Mcf appear to be in a sweet spot for producers where demand is not driven out of the market and production levels are sustained, Federal Energy Regulatory Commission staff said Thursday at FERC's meeting

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Lower prices likely in PJM auction: Barclays

Clearing prices in the PJM Interconnection's capacity auction for delivery year 2016/2017 will probably be down from last year's prices, Barclays said in a Monday report.

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Lower-48 gas output up 1.3% in February: EIA

Gas production in the Lower-48 states rose 1.3% from January to February, the Energy Information Administration reported Tuesday

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