『Winter Chills, LNG Thrills: Your Gas Price Update with Vanessa』のカバーアート

Winter Chills, LNG Thrills: Your Gas Price Update with Vanessa

Winter Chills, LNG Thrills: Your Gas Price Update with Vanessa

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This is your Daily Natural Gas Price Tracker with Vanessa Clark podcast.

Welcome back to the Daily Natural Gas Price Tracker, I am Vanessa Clark, and today we are talking about what is happening right now in the natural gas market and what it might mean for your wallet, your energy bill, and your trading screen.

Let us start with the latest price. According to Dow Jones Market Data, front month Nymex natural gas futures for January delivery settled today at about 4 dollars and 91 cents per million British thermal units, after falling just over 7 percent on the session. That pullback comes only a few days after prices briefly hit a three year high around 5 dollars and 29 cents.

So what is driving this jump and then dip in natural gas prices. Analysts at Zacks and Sprague Energy point to a powerful combination of deep winter cold, strong heating demand, and record or near record export flows of liquefied natural gas out of the United States. In other words, more gas is being burned at home to keep things warm, and more gas is being shipped overseas, all at the same time.

Industrial Info Resources recently reported that feed gas into United States liquefied natural gas export terminals just hit a record, which tells you how tight the global gas market is right now. At the same time, the Energy Information Administration notes that natural gas power plants have seen improved profitability compared with recent years as wholesale electricity prices have risen.

For you as a listener, here are a few quick, practical takeaways. If you are a homeowner or renter, expect natural gas heating bills to feel higher than last winter, especially if the cold sticks around. If you trade natural gas, be aware that we are hovering near a major psychological level around 5 dollars, and volatility around weather forecasts and storage reports is likely to stay high. And if you are just trying to understand your energy costs, remember that natural gas prices are heavily influenced by weather, storage levels, and exports.

That is it for today’s Daily Natural Gas Price Tracker with Vanessa Clark. Thanks for hanging out with me. Be sure to subscribe, share this with a friend who watches energy prices, and tune in next time for your latest natural gas price update.

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