Mild weather undermines natural gas price

Continued mild weather and a bearish report on US natural gas storage undermined the natural gas market in the week ended Jan. 13, with prices falling in all five daily sessions.The February natural gas contract lost a total of 84.1¢ during the week to close at $8.79/MMbtu Jan. 13 on the New York Mercantile Exchange. That was the lowest closing price for a front-month natural gas contract since Aug. 9, when the September contract closed at $8.65/MMbtu. Ironically, it was in the following session on Aug. 10 that the front-month closed at $9.07, marking the first time since November 2004 that it had surpassed $9/MMbtu. It took 9 months for the front-month gas contract to break that bar...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected