The good news for gas buyers is that weekly prices worked another 18 cents lower to $3.72 according to the NGI Weekly Spot Gas National Average for the week ended July 25. The bad news is that for unhedged physical market longs the pace of weekly declines is accelerating. For the week ended July 18 the market fell 11 cents to a national average of $3.90.
Wednesday physical natural gas trading for Thursday delivery saw widespread weakness of a few pennies at most spots around the country offset by significant strength in California and New England, where colder temperatures were beginning to set in.
Like the proverbial egg on the sidewalk, smothering summer temperatures had natural gas markets cooking during the trading week ended July 22. From coast
An explosion at the Freeport liquefied natural gas (LNG) export terminal left market participants contemplating weeks of potential demand destruction and