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Market Snapshot: Monday, October 9, 2023

NATURAL GAS: NYMEX 12-MONTH ROLLING STRIP (NOV-OCT) In September, natural gas demand fell sharply in all sectors, from residential and commercial to industrial. This is likely due to mild weather throughout the country and no actual heat demand until this last week. Below average temps are moving across the country, so look for higher heating…

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TPI Market Snapshot: Monday, October 2, 2023

ALL ABOUT THE NATURAL GAS MARKET: NATURAL GAS: HIGH DEMAND The higher gas demand is coming from three places. The gas price in 2023 and 2024 has begun to dip just a bit (though it did go up last week), but further out, we are seeing pricing trend upwards in 2026, 2027, and 2028. This…

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Energy Market Snapshot: September 25, 2023

NATURAL GAS DEMAND WITH EXPORTS Even though we now have record natural gas production, we also have record demand for natural gas. When you add in the LNG exports, current demand is above 2022 and 2021 and higher than the five-year average and the five-year average range. Demand and exports have been higher this summer,…

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