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I found a #Natgas winter similar to 17/18. 02/03 had 24 weeks of 2,530 Bcf of withdrawals. 17/18 is at 24 weeks with 2,509 Bcf of withdrawals. Only 2 years since 1992 have gone over 22 weeks.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,048 since Dec 2013
Thanks Given: 4,381
Thanks Received: 10,205
It's interesting if you look at prices around the country for May delivery, other than Socal Citygate the entire country is trading below the Gulf Coast. This is a complete reversal from 10 years ago where the Gulf Producing area's were the cheapest in the country. One obvious big change is the Pennsylvania/Appalachian shale gas is oversupplying the midwest and NE, but the other change is as @ron99 mentions the export of LNG which is mostly out of the Gulf Coast.
While gas in May at Hub is $2.80, at Dominion (PA/App) it's only $2.25, out in West Texas/Permian Basin it's only $1.40! So the $2.80 NYMEX price isn't reflective in anyway of the price that producers are getting!
