Loading…
Natural gas spot prices were mixed in the week of Aug. 1-5, with NGI's weekly national average falling 9.0 cents to $1.955/MMBtu.
A Texas Eastern pipeline explosion in Kentucky disrupted flows, while a bearish storage report and moderate forecasts pushed September futures down 8.1 cents to $2.121.
Pipeline disruptions trapped gas upstream and weakened regional prices, while the bearish storage report signaled ample supply. Feed buyers face lower natural gas costs for energy and fertilizer, which can ease feed-processing margins.
naturalgasintel.comJeremiah ShelorAug 2, 2019After 29 past bearish logistics events, Natural Gas moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
