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Mike Grimes
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Mike Grimes   My Press Releases

Daily energy report

Published on 12/5/2017
For additional information  Click Here

Daily Market Update December 5, 2017 

Early Morning Update

The Jan18 natural gas contract is trading down $0.07 at $2.91.  The Jan18 crude contract is down $0.07 at $57.40. 

Summary

The January natural gas futures contract settled down 7.6 cents to settle at $2.985/MMBtu on Monday, falling under $3.00 for the first time since trading as the prompt month. Calendar years 2018 through 2020 lost 4-5 cents, while there was minimal movement in calendar years 2021 and beyond.  Frequent forecast changes for the middle of December have been a cause of recent volatility in short-term pricing, and warmer changes on Monday helped prices turn to the downside.  While next week is still expected to bring moderately below-normal temperatures to the eastern half of the country, the severity of the cold was tempered in yesterday’s model updates. Supply remains strong, with production around 5.0 Bcf/day greater than in December 2016. While U.S. demand currently remains in check, the forecasted demand over the next two weeks is expected to increase by nearly 40%, which could bring our strongest storage withdrawals of this winter so far. 

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Same Energy, Save Money.

It's pretty much that simple. In deregulated states, there are companies ready to offer you lower monthly premiums for the right to give you energy. No changes to your system, no backlash from the incumbent energy providers, no low-quality providers or fly-by-night companies looking to undersell to make a buck. These are real, A+ rated companies that are dying to get your business - and they're ready to offer you a lower monthly bill to do it. Same Energy, Save Money.

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