WEATHER: COOLER TEMPERATURES MOVING THROUGH A cold front is moving through the US, bringing cooler temperatures and higher demand, which could explain our high electricity rates. However, it is not expected to be a strong cold front and could give way to warm tropical air pushing up through Florida and Texas. HIGH PRODUCTION AND MILD…
NATURAL GAS CONTINUES TO BE PRICED BELOW FUTURE YEARS What Is Henry Hub?Henry Hub is a natural gas pipeline located in Erath, Louisiana that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). NATURAL GAS STORAGE REPORT The Freeport facility has final approval to process liquid natural gas…
Data source: U.S. Energy Information Administration, Natural Gas Monthly U.S. exports of liquefied natural gas (LNG) averaged 10.6 billion cubic feet per day (Bcf/d) in 2022, increasing by 9% (0.8 Bcf/d) compared with 2021, according to our Natural Gas Monthly. The increase in U.S. LNG exports was driven by strong LNG demand in Europe, high international…
Weather: FORECAST CALLS FOR BELOW NORMAL TEMPS, BUT THE NORMAL TEMP IS WARMER Several cold weather systems will sweep the US early this week, bringing a strong demand for natural gas. Temperatures will warm later in the week, easing demand, but colder-than-normal weather systems will return over most of the US for the weekend. HAVE…
WEATHER: NEAR NORMAL TEMPERATURES THROUGH MID-MARCH HAVE WE HIT THE BOTTOM OF THE NATURAL GAS MARKET? NATURAL GAS MARKET PRICES CREEP HIGHER DESPITE GOOD STORAGE NUMBERS. EIA: NATURAL GAS STORAGE REPORT Electricity: PJM BGE HUB FORWARD POWER PRICING Electricity: PJM AD HUB PRICING 2023 Electricity, which usually runs parallel to Natural Gas in market movement,…
Natural Gas Market Continues to Dominate Headlines! WEATHER: COLD FRONT PUSHING THROUGH GREAT PLAINS AND UPPER MIDWEST With the onset of Winter Storm Olive, the gas and electricity markets have slightly increased, with Natural Gas moving above $2.50. This will likely continue for the next few days unless the system moves north or breaks apart.…
Mild weather and impressive storage numbers keep the natural gas price low. GAS KEEPS DROPPING IN MILD WEATHER, AND SURPLUS STORAGE NATURAL GAS STORAGE IS NOW 16.8% HIGHER THAN LAST YEAR. NATURAL GAS STORAGE REPORT A BIT OF COOLER AIR IS MOVING IN FROM THE NORTHEAST Cold weather from Western Canada will bleed into the…
THE NATURAL GAS MARKET CONTINUES TO BOUNCE ALONG THE FLOOR NEAR $2.50 A STRONG EASTERN RIDGE OF WARM AIR KEEPS DEMAND DOWN. NATURAL GAS STORAGE REPORT THE US REMAINS COLDER IN THE WEST, WARMER IN THE EAST The natural gas market continues to bounce near $2.50 thanks to warmer weather in the East and substantial…