Weather and Demand We anticipate a retreat in energy demand and pricing as the recent cold front passes. The European forecast model suggests one more cold spell before the new year, while the American model predicts milder temperatures for at least the next 30 days. This long-term mild weather outlook may be causing the market…
Natural Gas Market Newsletter: Week of December 2-8, 2024 Weather and Demand Outlook The weather continues to be the primary driver of natural gas markets, with recent cold spells bringing more buyers into the market. However, the outlook is shifting: Key Insight: January pricing remains among the lowest since 2013, despite recent fluctuations. Regional Weather Breakdown Midwest, Ohio Valley,…
Natural Gas Supply Update Natural Gas Storage Report LNG Demand January NYMEX Futures (since November 15) Natural Gas Production Report NYMEX 12-Month Strip ALL ABOUT THE NYMEX TWELVE-MONTH STRIP • The NYMEX Twelve Month Strip is the average of the upcoming 12 months of closing Henry Hub natural gas futures prices as reported on CME/NYMEX.…
Natural Gas: Supply Dynamics Natural gas storage has seen a significant shift in recent weeks. After a year of primarily below-average injections, we’ve witnessed four consecutive weeks of injections surpassing the five-year average. This trend has exerted downward pressure on prices and brought storage levels closer to the 4,000 bcf benchmark. The impact of the…
Market Overview As we approach the withdrawal season, the energy market is experiencing significant shifts that could impact prices and supply in the coming months. This week’s newsletter focuses on key factors affecting the natural gas and electricity markets, including supply trends, LNG demand, weather patterns, and future price projections. Natural Gas Supply and Storage…
Weather Outlook 6-10 Day and 8-14 Day ForecastA much warmer than normal system is moving across the east, which should help reduce demand slightly. However, northern states and some Great Lakes states are still experiencing heating demand despite the warmer front. This mixed weather pattern suggests variable natural gas consumption in the coming weeks. Storage…
Natural Gas Market Update: Supply and Pricing Dynamics After surpassing $3.00 on Friday, natural gas prices experienced a sell-off as investors took profits, resulting in a $0.20 drop over the weekend. Meanwhile, Brent crude oil has climbed to $77.00 due to fears of an expanding Middle East conflict potentially involving Iran, leading producers to shelve…
TPI Efficiency Market Insights Natural Gas & Oil Supply Update Natural gas production has dipped below 100 Bcf daily as prices hover around $2.00. Meanwhile, oil prices are just above $77 per barrel, potentially leading to production cutbacks unless prices climb above $80/bbl. This reduction in oil production could impact secondary natural gas capture. LNG…
EIA: NAtural Gas Supply Update Natural gas supply experienced a slight dip this week, falling to 101.4 Bcf/d. Despite this minor setback, the market has shown resilience in recent weeks. The cooler temperatures in the latter half of August contributed to stronger injections, with five out of the last seven injections approaching the five-year average.…
