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Energy Market Snapshot: Why Now Is the Time to Secure Your Energy Contracts

Natural Gas Market Update: Record-Breaking Production, but for How Long? Natural gas production in the U.S. has reached unprecedented levels, consistently surpassing 100 Bcf/d. Last week’s report showed output at an impressive 101.5 Bcf/d. However, this abundance may not last. Industry experts anticipate potential production cuts by suppliers in the near future, aimed at reducing…

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Energy Market Snapshot: July 1, 2024

URGENT REASONS TO BUY NOW: LOWER SUPPLY LNG DEMAND WEATHER DEMAND 2023 set aย new recordย for summer heat, and 2024 is expected to be up there. We already had heat demand warning days in mid-June, which technically is not even summer. All ten of the top ten hottest summers in recorded history have been in this…

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Peak Demand Alert: ๐Ÿ”ฅ Tues. & Wed. Potential Days

The PJM grid forecasts high daily electricity demand as the hot weather lingers. The hot weather conditions are expected to drive energy demand levels, threatening grid reliability.ย  PJM Forecasted Demand: Monday,ย June 24, 2024Expected Peak Timeframe:ย 5:00 pm – 6:00 pm ESTPotential Peak Demand:ย 132,034ย MW Tuesday,ย June 25, 2024Expected Peak Timeframe:ย 5:00 pm – 6:00 pm ESTPotential Peak Demand:ย 142,450 MW…

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Energy Market Snapshot: June 24, 2024

NYMEX NATURAL GAS CALENDAR STRIPS ALL ABOUT THE NYMEX TWELVE-MONTH STRIPย  6-10 DAY AND 8-14 DAY OUTLOOK The forecast for late June/early July turned slightlyย cooler, resulting in a slight price drop for natural gas and electricity. After reaching $3.15 two weeks ago, July Natural Gas has sunk to $2.68. However, we will be switching to…

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