August 2014 – Henry Hub Natural Gas Futures Analysis with ZEMA


ICE Henry Hub Nat Gas Futures (Aug. 2014)

 

On the Intercontinental Exchange (ICE), natural gas futures available for trade in the next 12 months at Henry Hub were relatively flat in August 2014 when compared to the previous month, as cool temperatures persisted in much of the country. The average price of Henry Hub natural gas in August 2014 for September 2014-September 2015 contracts (represented above by the orange line) dropped by 2% to $3.93 USD/MMbtu when compared to July 2014 (represented above by the blue line) for delivery in the same period.

When compared to last month, Henry Hub natural gas futures in August 2014 fluctuated 1% less, varying between $3.79 USD/MMbtu (May 2015) and $4.14 USD/MMbtu (January 2015) for delivery in the next 12 months. Data from ICE suggests the spread between August 2014 and previous month contracts (represented above by the red bar) dropped by $0.08 USD/MMbtu until September 2015.

For the week ending August 20, 2014, EIA’s “Natural Gas Weekly Update” reported that temperatures in the lower 48 states averaged 23 Celsius in the fourth week of August 2014, below the 30-year normal temperature.[1] Also, storage builds from the previous period were larger than market expectations of 84 billion cubic feet (Bcf) by 4 Bcf, with all 3 regions posting larger-than-average builds during this period.



[1] “Natural Gas Weekly Update—Week Ending August 20, 2014,” U.S. Energy Information Administration, August 20, 2014, accessed August 25, 2014, http://www.eia.gov/naturalgas/weekly/.

Data Sources: ICE


Next
Next

More Articles on Monthly Market Analysis

Introduction of new products and data sources March 2016 Crude Oil Brent vs. WTI Forward Curve (NYMEX)

The ZEMA graph shows March 2016 Brent and WTI forward curves in comparison to the previous month’s forward curves, based on NYMEX average settle prices. Units are in ... Read more »

Data Sources: NYMEX

Introduction of new products and data sources January – March 2016 North American Electricity Day-Ahead Prices (ICE)

The ZEMA graph shows day-ahead peak electricity prices for January – March 2016, as reported by ICE. The red line represents CAISO SP15, the green line is PJM APS Zone, ... Read more »

Introduction of new products and data sources January – March 2016 North American Natural Gas Spot Prices (NYMEX)

The ZEMA graph shows the North American natural gas spot prices on NYMEX for Henry Hub, Transco Zone 6, PG&E Citygate, and Chicago Citygates for January 2016. Units ... Read more »

Introduction of new products and data sources March 2016 Henry Hub Natural Gas Forward Curve (NYMEX)

The ZEMA graph shows the spread between March 2016 Henry Hub natural gas forward curve and February 2016 forward curve, based on average monthly settle prices on NYMEX. ... Read more »

Introduction of new products and data sources January – March 2016 North American Daily Temperature (AccuWeather)

The ZEMA graph shows daily temperatures for January – March 2016, according to AccuWeather, for San Diego (red line), Chicago (green line), San Antonio (black line), and New York City ... Read more »

Data Sources: AccuWeather

Introduction of new products and data sources January – March 2016 Gold and Silver Daily Prices (CME)

The ZEMA graph shows gold and silver daily prices as traded on CME in January – March 2016. The orange line represents COMEX 100 Gold (USC/toz), the blue ... Read more »

Introduction of new products and data sources February 2016 – Gold and Silver Daily Prices (CME)

The ZEMA graph above shows gold and silver daily prices with moving averages on CME over the last two months. The orange line represents COMEX 100 Gold (USC/toz), ... Read more »

Introduction of new products and data sources February 2016 – Daily Temperature (AccuWeather)

The ZEMA graph above shows daily temperatures according to AccuWeather for San Diego (red line), Chicago (green line), San Antonio (black line), and New York City (blue line) between August ... Read more »

Introduction of new products and data sources February 2016 – Electricity: Day-Ahead Prices (ICE)

The ZEMA graph above shows day-ahead peak electricity prices in February 2016, as reported by ICE. The red line represents CAISO SP15, the green line represents PJM APS Zone, the ... Read more »

Introduction of new products and data sources February 2016 – Monthly Temperature (AccuWeather)

The ZEMA graph above shows average monthly temperatures according to AccuWeather for San Diego (red line), Chicago (green line), San Antonio (black line), and New York City (blue line). The ... Read more »

 

Page 1 of 2312345...1020...Last »