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Energy Market Snapshot: January 3, 2023
NATURAL GAS MARKET PRODUCTION Natural gas production remains strong, consistently broaching or approaching 105 Bcf daily. These are record production numbers. Due to the record oil production, we are also seeing added secondary natural gas production, a byproduct of oil drilling. FUTURE LNG EXPORT FACILITIES We will need t...
Energy Market Snapshot: Dec. 27, 2024
Energy News• TPI Takeaway • Welcome to the last Market Snapshot of 2023! NATURAL GAS: EIA Storage Report The last two storage reports have been either right on target or slightly above projections, and that has moved the pricing up just a bit, though it is still well below $3.00. It also looks like the weather will be closer to norma...
Energy Market Snapshot: December 19, 2023
High Natural Gas Production: High production, mild winter weather, and its effect on demand have been the main drivers of Natural Gas and electricity pricing. We continue to see warmer-than-normal temperatures throughout the country and lower overall demand for natural gas than we did in 2022. We are approaching the market over the five...
EIA: Record Natural Gas Storage
The United States begins the winter with the most natural gas in storage since 2020! The story >>
Energy Market Snapshot: November 6, 2023
EIA: WEEKLY NATURAL GAS STORAGE The last two natural gas storage reports have shown a more robust injection than the five-year average, which is helping to keep the price of Natural Gas lower as mild weather has kept heat demand down. Projections of a mild winter due to a strong El Nino are also holding back gas prices. We are projec...
Market Snapshot: Monday, October 23, 2023
EIA: WEEKLY NATURAL GAS STORAGE Our gas injections continue to be weak this summer, and we will still be lucky to have a surplus by the end of withdrawal season starting in November. Our surplus over the 5-year average, at one time over 17%, is now down to 5.1%. The excess over last year has plummeted to just 9.0%. WEATHER FORECA...
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 heati...
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. LNG exports are currently at just over 11 Bcf/d via ship and 5-6 Bcf/d via pipeline to Mexico. Higher demand for power. Especially from the Industrial sector. This has far surpassed anything in recent memory and is not onl...
EIA: Natural Gas Market Retail Vs. Wholesale Pricing
Why do changes in retail natural gas prices lag in wholesale natural gas prices? Mainly due to the nature of utility regulation. So far this year, monthly average natural gas wholesale spot prices at the U.S. benchmark Henry Hub have generally declined. Still, these relatively low prices have not immediately translated into lower retail pri...
