Forecasted weather can have a large impact on the fundamental trading of natural gas. There are many services that offer their forecast to the public through various websites, television, newspapers, and satellites. When there is a significant change in weather forecast or a variance to normal weather patterns, there can be an impact on the futures price of natural gas.
Energy traders pay a lot of attention to weather forecasts. The weather can have a huge impact on both storage withdrawals and storage injections. For example, when temperatures in the summer rise, natural gas is diverted from storage injections to the gas fired power generators. This may create a bullish scenario in the energy community due to the uncertainty of refilling storage before the end of the storage injection season.
Hurricane Information
Hurricanes in the Gulf of Mexico can threaten, slow down, or halt gas production. For complete and up-to-the-minute hurricane information, please click on the link below:
http://www.wunderground.com/tropical/
Please contact your IGS Energy representative at
(877) 923-4447 if you have questions regarding NYMEX or questions on how to use any of our reports as tools for buying gas.
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