| 2/4/2016 | 02/04/2015 | 02/04/2014 | 02/04/2013 | 02/04/2012 | |
|---|---|---|---|---|---|
| Active Rigs | 44 | 140 | 190 | 184 | 202 |
RBN Energy: highlighting trends in natural gas markets.
CME/NYMEX Henry Hub gas futures prices are currently struggling to stay above $2.00/MMBtu in the face of milder weather and record high production (closing up slightly at $2.038/MMBtu yesterday February 3, 2016).
The market is on edge and at the mercy of daily weather forecast revisions that may signal further downside for prices. At the same time gas demand from power generation could increase in response to lower prices. To help navigate these volatile market conditions, we’ve teamed up with Criterion Research to develop the daily NATGAS Billboard: Natural Gas Outlook report. In today’s blog, we highlight specific features of the report and what they tell us about the market.
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