U.S. Natural Gas Market Summary

NYMEX Natural Gas Offers
as of 8/15/19

*Hedged prices may differ from the grid due to a change in the volatility skew of the underlying and financing charges related to hedging.

EIA Short-Term Energy Outlook
see forecast highlights here>

Lower 48 Weekly Working Gas In Underground Storage
billion cubic feet

  • According to the EIA, net injections into storage totaled 49 Bcf for the week ending August 9th.  This build was approximately 6 Bcf lower than expected. Total working gas in storage was 2,738 Bcf which is 111 Bcf below the five-year average.  Market estimates for end of October stock levels are centered around 3.7 Bcf.

Lower 48 Weekly Working Gas Stocks, minus five-year average, and near-month futures prices
price of gas at the Henry Hub in dollars per million British thermal units

  • The chart above implies the U.S. natural gas market is oversupplied.  In order to balance, market prices should continue to incentivize high levels of electric generation and storage demand.

6-10 Day Outlooks

Temperature Probability

Precipitation Probability

8-14 Day Outlooks

Temperature Probability

Precipitation Probability

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