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Energy Market Snapshot: April 22, 2024
🌍 Happy Earth Day! 🌱 At TPI, we’re committed to partnering with you on your journey towards sustainability! From energy-efficient LEDs 💡 to harnessing the power of solar panels ☀️, we offer solutions in renewable energy 🍃, EV charging 🚗, and managing Scope 1 & 2 emissions. Let’s work together to impact our planet po...
Energy Market Snapshot: April 15, 2024
NATURAL GAS PRODUCTION The Natural Gas Market remained essentially unchanged. Weakening weather demand and inconsistent LNG demand allowed pricing to stay low, and even production jumped about 2 Bcf/d last week to quash any chance of a market rally that would see significant price increases. EIA NATURAL GAS STORAGE Weather...
Energy Market Snapshot: April 8, 2024
NATURAL GAS PRODUCTION The Natural Gas market is undergoing a significant transformation, with drillers scaling back production. This has resulted in a consistent 4-5 weeks of production declines, culminating in last week’s output of less than 100 Bcf/d. This is a significant development, marking the lowest production levels since...
Energy Market Snapshot: April 1, 2024
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 tak...
Ohio Sues Oil & Gas Waste Processor
Ohio’s attorney general sues an oil and gas waste processor for “egregious violations” of state law in handling hazardous and radiologic waste. Read the story > >
Natural Gas At Four-Year Low
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 Market Snapshot: March 11, 2024
NATURAL GAS STORAGE The weather continues to be historically mild, with only occasional upticks that get erased quickly. There is no guarantee that next winter will continue to have record-breaking mild winters, and betting that we will continue to break the record for mild winters every year as we have the last two is a good way to get...
Energy Market Snapshot: March 4, 2024
NATURAL GAS PRODUCTION Gas Production continues to remain strong at 104 Bcf/d. This could result from Chesapeake Energy’s cutback in production, but that production slowdown is expected to take a few months to have an effect. RUSSIAN PIPELINES TO THE E.U. Believe it or not, some natural gas still flows from Russia to the E...
Energy Market Snapshot: Feb 26, 2024
EIA NATURAL GAS STORAGE REPORT Only about five weeks are left in injection season, and we have solid storage numbers with a supply level of more than 22% over the five-year average. Expected storage by the end of injection season will be 1,800 Bcf, which is even better than last year’s numbers. NATURAL GAS TOTAL DEMAND WITH...
