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Natural Gas down on warm weather, but winter is not over yet..
Market Update | 1/20/2023 Natural gas futures have plummeted due to the warm winter weather over the past few weeks. Depending on when they expire, this could be an excellent time to add length to your current electricity or natural gas agreements. While the weather has been the primary driver for this bearish plunge, it's not the only factor leading to the current pullback. The fire on June 10, 2022 at Freeport LNG terminal (see chart below) changed the direction of months of unrelenting upward momentum. Usually, the words "fire" and "natural gas" would increase prices; however, given this is [...]
Dan Cwalinski Director of Contracts and Pricing A commodity buying strategy should always have a focus on the long-term and help mitigate risk and provide savings under varying market conditions. The strategy will change as the markets and contract timing [...]
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