BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Natural Gas

March NYMEX gas sheds a cent to $2.582/MMBtu in cautious trade

Natural Gas | Oil

Mexico Energy Reform

Natural Gas | Oil

Platts Wellscape P2P

Asia Pacific Petroleum (APPEC)

Electric Power | Natural Gas

Factbox: US FERC actions on natural gas infrastructure

March NYMEX gas sheds a cent to $2.582/MMBtu in cautious trade

Wednesday's open, in cautious trade amid the expectation of supportivenear-term storage data. Following a 4.2 cent advance in yesterday's session,the contract was down 1.2 cents at $2.582/MMBt at 7:15 am ET (1215 GMT).

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Cold weather that ramped up demand to start February is seen to havedriven a step higher in the rate of weekly storage withdrawals when the USEnergy Information Administration releases its next storage data on Thursday.Preliminary estimates call for a drawdown in the mid-170s Bcf to the low 180sBcf for the review week ended February 9, which would exceed both the 120 Bcfyear-ago pull and the 154 Bcf five-year-average withdrawal.

The week's data would come on the heels of well below-average storage drawsfor the past couple of weeks at 99 Bcf and 119 Bcf.

Warmer weather in store for the major heat-consuming regions in the eastern USspell diminished heating demand and a reduction in the amount of natural gasdrawn from underground storage facilities in the coming weeks, but changingweather further out feeds upside support for demand.

--Staff reports, newsdesk@spglobal.com

--Edited by Maurice Geller, maurice.geller@spglobal.com