Previous Close | 5.21 |
Open | 5.21 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 85.00 |
Expire Date | 2024-07-19 |
Day's Range | 5.21 - 5.21 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
Shareholders in Chesapeake Energy Corporation ( NASDAQ:CHK ) may be thrilled to learn that the analysts have just...
In the spot market, meanwhile, U.S. power and gas prices turned negative in Texas, California and Arizona as pipeline maintenance trapped gas in the Permian Shale in West Texas amid low demand for energy and ample hydropower in the West. In Texas, the Electric Reliability Council of Texas (ERCOT) issued a Weather Watch for Wednesday "due to unseasonably high temperatures, high levels of expected maintenance outages during the spring shoulder months, and the potential for lower reserves." SUPPLY AND DEMAND Financial firm LSEG said gas output in the Lower 48 U.S. states fell to an average of 96.9 billion cubic feet per day (bcfd) so far in May, down from 98.1 bcfd in April.
Front-month gas futures for June delivery on the New York Mercantile Exchange remained unchanged to $2.199 per million British thermal units (mmBtu) at 9:47 a.m. EDT (1347 GMT). Gas flows to the seven big U.S. LNG export plants rose from an average of 11.9 bcfd in April to 12.4 bcfd so far in May with the return of Freeport in Texas from maintenance and inspection work.