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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.
The Henry Hub is a distribution hub on the natural gas pipeline system in Erath, Louisiana, owned by Sabine Pipe Line LLC, a subsidiary of EnLink Midstream Partners LP who purchased the asset from Chevron Corporation in 2014. [ 1] Due to its importance, it lends its name to the pricing point for natural gas futures contracts traded on the New ...
Website. www.cmegroup.com. The New York Mercantile Exchange ( NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City . The company's two principal divisions are the New York Mercantile Exchange ...
The United States Natural Gas Fund (UNG) gained 1.3% Wednesday and held above its long-term trend at the 200-day simple moving average as Nymex natural gas futures added 1.6% to $2.99 per million ...
The United States Natural Gas Fund (UNG) rose 5.3% on Monday. Meanwhile, Nymex natural gas futures were up 7.2% to $6.47 per million British thermal units. EBW Analytics Group senior analyst Eli ...
Natural gas-related exchange traded funds surged on Monday, with natural gas prices hitting a 14-year high and extending gains into a fifth straight session, as global supply concerns and a late ...
Brent blend is a light crude oil (LCO), though not as light as West Texas Intermediate (WTI). It contains approximately 0.37% of sulphur, classifying it as sweet crude, yet not as sweet as WTI. Brent is suitable for production of petrol and middle distillates. It is typically refined in Northwest Europe.
Trading includes various types of derivatives contracts based on these commodities, such as forwards, futures and options, as well as spot trades (for immediate delivery). A futures contract provides that an agreed quantity and quality of the commodity will be delivered at some agreed future date.