New England Gas Prices Jump… WSJ – Commodity Research Group

January 4, 2018 by Jim Colburn Leave a Comment

Here is Stephanie Yang in today’s Wall Street Journal:

”According to S&P Global Platts, New England next-day prices jumped to $38.40 a million British thermal units Wednesday, up nearly 90% from $20.58/mmBtu the previous day and a 1,200% surge from $2.94/mmBtu at the beginning of December. The most-active futures contract, which trades on prices at Henry Hub in Louisiana, rose 0.6% to $3.026/mmBtu Thursday morning.”

“As natural-gas prices have surged, many generating units have switched to using fuel oil to provide power and heating. The price volatility has spread to other corners of the energy markets, and some traders anticipate markets like crude oil and petroleum products could get roiled.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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