Into The Vortex – Natural Gas Storage Outlook For 2023

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  • #50646
    TradersCom
    Keymaster

    US Benchmark HH Natural Gas Futures Fall continues as front pulls further away from $4 down over 10% across curve on session:

    #50666
    TradersCom
    Keymaster

    Essential Utilities $WTRG to sell its West Virginia natural gas utility assets to Hope Gas;
    Expected to close by the middle of 2023;
    Financial details not disclosed

    $WTRG down 0.8%

    #50711
    TradersCom
    Keymaster

    Natural Gas Futures holding onto yesterday’s stop run under $4 Prompt bouncing up 2/3%.
    Perhaps some stops in long oil/short #natgas out there.

    Natgas Futures
    Feb 2023 4.136 +0.148
    Mar 2023 3.747 +0.106
    Apr 2023 3.648 +0.098
    May 2023 3.673 +0.098
    (11.32 ET)

    #50300
    TradersCom
    Keymaster

    In the last EIA storage release for the 2022 storage was reported as a draw of 221Bcf, much lower than expected. Salt Dome Cavern stocks drew -53Bcf f
    [See the full post at: Into The Vortex – Natural Gas Storage Outlook For 2023]

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