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…
Oil, Natural Gas, and The Israel-Hamas Conflict After worries that the Israel-Hamas conflict could widen into a larger Mideast war, prices returned to normal. So far, the fighting has been limited to around the Gaza Strip except for a few rocket attacks from Hezbollah from Syria and Lebanon in the north. While neither Israel nor…
FirstEnergy investors continue to spar with the company over releasing information in court about the utility’s role in a major bribery scheme.
Net zero is “within grasp:” Climate policy analysts say the U.S. goal of net zero emissions by 2050 is “actually within grasp” if the country focuses on electric vehicles, building decarbonization, and clean energy deployment. #netzero #climatechange #emissions #IRA #decarbonization
PJM anticipates no reliability issues and minimal impacts to solar generation in its region, spanning 13 states and Washington, D.C., during the solar eclipse on October 14. The eclipse occurs when the moon passes between the sun and the earth and will be most visible on the morning of Oct. 14 in the western U.S.,…
It’s important to note that conditions change quickly in this ongoing conflict, and the market’s reaction remains to be seen.
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 heating…
As winter approaches, the energy industry in the United States closely monitors various factors that can influence natural gas pricing. One such factor that can significantly impact is the El Niño phenomenon. El Niño, characterized by the abnormal warming of sea surface temperatures in the equatorial Pacific Ocean, can disrupt weather patterns worldwide. Understanding El…