This week’s energy market update involves factors influencing pricing and demand. Here’s what you need to know: Weather and Demand The cool weather pattern is expected to persist for another week, keeping the market steady. While there has been a slight upward movement in prices, we haven’t seen any dramatic swings. The forecast indicates one…
WEATHER: 6-10 & 8-14 DAY TEMPERATURES Weather and Demand Warmer temperatures are expected to sweep across the Eastern half of the United States this week, potentially easing the high energy demand we’ve been experiencing. The most recent Natural Gas storage report revealed a drop in production below 100 Bcf, likely due to wellhead freeze-offs that temporarily…
Weather and Demand A chilly forecast is sweeping across the United States, promising another significant withdrawal from natural gas reserves in the coming days. Despite the extreme cold, production experienced a slight dip of a few Bcf/d last week, likely due to well freeze-offs in North Dakota and the Permian Basin. 6-10 & 8-14 Day…
January Market Snapshot: Cold Snap Drives Prices Up The energy market is experiencing significant shifts as we enter the new year due to extended cold temperatures and supply concerns. Here’s what you need to know: Weather and Demand The cold temperatures we’ve been experiencing are forecast to extend into February, potentially leading to a more…
Weather and Demand 6-10 & 8-14 DAY TEMPERATURES NATURAL GAS STORAGE REPORT Supply and Pricing Strategy UPCOMING LNG FACILITIES LNG Demand and Exports LNG exports have become crucial in natural gas pricing due to their impact on domestic storage. Recent developments include: NYMEX 12-MONTH STRIP ALL ABOUT THE NYMEX TWELVE-MONTH STRIP • The NYMEX Twelve Month…
Energy Market Newsletter: December 23, 2024 Weather Demand and Natural Gas Pricing As we approach the end of the year, the energy market is experiencing significant shifts. While the recent cold spell is easing, forecasts for a colder-than-expected early January have pushed gas prices up to $4.00. This marks the second cold winter shot, and…
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,…
