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Energy Market Snapshot: April 15, 2024

NATURAL GAS PRODUCTION The Natural Gas Market remained essentially unchanged. Weakening weather demand and inconsistent LNG demand allowed pricing to stay low, and even production jumped about 2 Bcf/d last week to quash any chance of a market rally that would see significant price increases. EIA NATURAL GAS STORAGE Weather demand petered out the previous…

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Energy Market Snapshot: April 8, 2024

NATURAL GAS PRODUCTION The Natural Gas market is undergoing a significant transformation, with drillers scaling back production. This has resulted in a consistent 4-5 weeks of production declines, culminating in last week’s output of less than 100 Bcf/d. This is a significant development, marking the lowest production levels since February 2023. The impact on storage…

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Energy Market Snapshot: April 1, 2024

NATURAL GAS STORAGE We are now in the injection season with a substantial +669 Bcf surplus over the five-year average. This surplus and robust oil production numbers will likely keep prices relatively stable, hovering within a dollar or two of these prices until at least next spring. OUR GAS SURPLUS Production cuts are taking place…

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Natural Gas At Four-Year Low

Are you ready to make significant savings on your business’s energy costs? Now’s the time to act! With gas prices hitting a four-year low in the U.S., there’s never been a better opportunity to secure incredible rates and pump up your savings. Our team understands the importance of seizing the moment when controlling your energy…

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