OGJ Newsletter

Market MovementWeather triggers record Northeast wholesale price for natural gas Wholesale prices for natural gas shot up almost 200% to a record $47/Mcf in New York City on Jan. 14—a spike of more than $30/Mcf from Jan. 13—as extremely cold weather moved into the northeastern US."The reason is a deliverability issue," explained analysts at Enerfax Daily. "There is plenty of supply around, but no way to get it to the people who need it. There was more demand than pipeline capacity to New York this week."Winter weather advisories and storm warnings were issued Jan. 15 for much of the US Northeast. Cold weather and strong winds triggered forecasts of dangerous wind chill tempera...

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