WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Forecasts for scorching weather in late June and a severe Heat Dome covering the Southwest sent prices sharply upward last week. Pricing for July Natural Gas went from $2.53 on Tuesday the 6th to $2.97 on Sunday. EIA: NATURAL GAS STORAGE Last week’s storage report was still just above…
View detailsNATURAL GAS: EIA:NATURAL GAS STORAGE Last week was the first storage report in over a month with a higher injection than projected. Producers are bringing some assets online to prepare for a top 10 hot summer, and this production increase will help keep downward pressure on pricing. ELECTRICITY GENERATION SOURCES THE LAST TEN YEARS This…
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View details6-10 DAY AND 8-14 DAY OUTLOOK Look for cooling demand to increase as a large heat wave moves across the U.S. in the 6-10 and 8-14 day forecasts. The entire country will see higher-than-normal temperatures except for a small area centered around Kentucky and stretching to the Atlantic, but even the Northeast and the Gulf Coast will…
View detailsNATURAL GAS PRODUCTION Natural Gas had another disappointing injection of only 70 Bcf for the week ending 5/10. Production again came in under 100 Bcf/d, and we have had lower injections than the five-year average in seven of the last eight weeks. However, we still have a great surplus of over 30% compared to the five-year average…
View detailsNATURAL GAS STORAGE NATURAL GAS PRODUCTION Natural Gas production remains weaker than in the past few months, with output below 100 Bcf/d. The number of working dry gas rigs has dropped to the lowest since January 2022 (102 rigs). As producers continue to shut down operations, the amount we inject will also drop, and the…
View detailsPROBLEMS CONTINUE AT THE FREEPORT LNG FACILITY Persistent problems at the Freeport LNG facility have indeed impacted prices. However, there is a silver lining. Despite a freeze in January and subsequent mechanical issues, two of the three LNG trains are set to come back online. The third train is currently experiencing problems, resulting in Freeport taking in…
View details🌟 TPI Stays Ahead of the Energy Curve 🌟 This week, Constellation Energy had the privilege of joining TPI’s State of the Company meeting, where we delved into the heart of the energy markets. It was an electrifying experience! ⚡ Industry experts shared invaluable insights into the dynamic landscape of electricity pricing, future market trends,…
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