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…
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…
The FirstEnergy scandal in Ohio is just the tip of the iceberg in the resurgence of fraud and corruption in the U.S. utility sector. As companies aim to spend billions on clean energy initiatives, we must remain vigilant against unethical practices. #utilitysector #corruption #cleanenergy #ethics
The U.S. EPA recently released a report indicating “widespread noncompliance” with its coal ash rule. This is partly due to a loophole that excluded older landfills, ponds, and fill sites. This is a concerning development, as coal ash contains toxic chemicals that can harm public health and the environment. We must address this issue and…
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK The current wave of freezing temperatures has sent the market northward over $3.00. Freezing temperatures have increased demand and likely caused well-head freeze-offs that have hurt production. The good news is that another warmer front will follow the cold front with warmer temperatures across the country in the…
NATURAL GAS HEADLINES: STORAGE The market continued to rise with the onset of cold January weather. With below-average temps ready to cover most of the nation, demand for heat is expected to go up, and natural gas drilling in areas like South Dakota could see wellhead freeze-offs, affecting production. The market for prompt month Natural…
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 normal over the next 6-14 days, which will…
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-year average…
As Maryland looks to expand its data center industry to compete with neighboring northern Virginia, it’s unclear if enough electricity can be generated to power the new sites.
