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NYMEX began offering standardized natural gas contracts with delivery at the Henry Hub in April 1990. In 2011, the Henry Hub was the site of a land dispute, in which Sabine sued to condemn land near the site of their hub, and expropriate it from the Broussard family, who had owned it for generations, arguing that it was acting in the national ...
The standardized NYMEX natural gas futures contract is for delivery of 10,000 million Btu of energy (approximately 10,000,000 cu ft or 280,000 m 3 of gas) at Henry Hub in Louisiana over a given delivery month consisting of a varying number of days. As a coarse approximation, 1000 cu ft of natural gas ≈ 1 million Btu ≈ 1 GJ.
CME Group earned a score of 100% on the Human Rights Campaign's Corporate Equality Index in 2019, [47] 2020, [48] 2021, [49] and 2022. [50] CME Group was named to the Forbes Blockchain 50 list in 2021 and 2022. [51] [52] [53] In 2022, the company won WatersTechnology's IMD & IRD Awards for Best market data in the exchange category. [54]
A natural gas glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year.At West Texas's key trading spot, the Waha Hub, prices have been negative ...
For instance, natural gas futures in the United States usually have the Henry Hub as a delivery point, [2] and gold may have a delivery point of New York or London. Futures contracts that differ only in the delivery point will typically have slightly different prices, reflecting localized supply and demand and transportation costs. [citation ...
The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges. [1] On July 12, 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form CME Group. CBOT and three other exchanges (CME, NYMEX, and COMEX) now operate as designated contract markets (DCM) of the CME Group.
In 2014, senior gas analyst at the Institute of Energy Economics, Hiroshi Hashimoto, stated “the aim is to link 100% to Henry Hub prices, rather than JCC as has been the custom globally”. [29] In addition to the cheaper prices that a gas-based index would offer, the shift would also remove the current time lag between crude oil and LNG prices.
The consumer price index released on September 11 showed consumer prices rose 2.5% year over year in August, down from 2.9% in July — the lowest index reading since March 2021.