![]() That would be the contract’s biggest quarterly drop on record, topping the current record loss of 49% during theįirst quarter of 2001. Despite Friday’s gain, the front-month was flat for the week, down 19% for the month and 50% for the quarter. Front-month gas futures for May delivery on the New York Mercantile Exchange (NYMEX) rose 11.2 cents, orĥ.3%, to settle at $2.216 per million British thermal units (mmBtu), their highest close since March 24. Get email updates from your favourite authorsĭemand low and allowed utilities to leave more gas in storage than usual. Share your thoughts and join the conversation in the comments Access articles from across Canada with one account Support local journalists and the next generation of journalistsĭaily puzzles including the New York Times CrosswordĬreate an account or sign in to continue with your reading experience. Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment onĮnjoy insights and behind-the-scenes analysis from our award-winning journalists ![]() Unlimited online access to articles from across Canada with one account Subscribe now to read the latest news in your city and across Canada. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY ![]() The quarterly price drop came on rising output and mostly mild weather so far this winter that kept heating Freeport LNG shut in June 2022 after a fire. In February and returned to near full power this week. Please try againĮxport plants, but they slumped by a record 50% this quarter,įeedgas to those LNG export plants climbed after Freeport LNG’s facility in Texas exited an eight-month outage The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder. Thanks for signing up! A welcome email is on its way. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 41 You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.īy clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. More demand next week than previously expected with rising amounts of gas flowing to liquefied natural gas (LNG) natgas jumps 5%, but ends the quarter a record 50% lower Back to video ![]() We apologize, but this video has failed to load. natgas jumps 5%, but ends the quarter a record 50% lower ![]()
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