EIA Natural Gas Storage Report
Prompt-month NYMEX natural gas was trading at $3.79/MMbtu in morning trading, up $0.12/MMbtu as of 12:45 p.m. ET.
Market Snapshot: Week of January 10, 2023
Natural Gas News: Market Drops Auction Time First Energy’s second auction for electricity that will be part of their supply is scheduled for Jan. 10. With the recent slide in Natural Gas pricing, expect it to come in below the price from the last auction, which was 12.23 cents per kWh. 12-MONTH STRIP, ATC POWER…
Market Snapshot: Monday, December 19, 2022
Henry Hub: Natural Gas Market GAS STORAGE ALMOST EQUAL TO LAST YEAR & THE FIVE-YEAR AVERAGE EAST WILL SEE HIGH DEMAND IN THE NEXT WEEK Electricity: FirstEnergy Auction FirstEnergy is holding its second and final auction for next year on January 10 and should be announced shortly after. The first auction in October 2022 came…
Natural Gas Up 94% Year Over Year
A new state report shows that Pennsylvania natural gas cost 94% more in the third quarter of 2022 than in the year-prior period, with less overall gas produced even with 42% more wells drilled.
Market Snapshot: Monday, December 12, 2022
COLD FRONT TURNS THE NATURAL GAS MARKET UPWARD WEATHER: COLDER TEMPS, HIGHER DEMAND ON THE WAY. The cold front will cover the U.S. for at least 14 days, increasing heating demand and raising Natural Gas prices. NATURAL GAS STORAGE REPORT: EIA Electricity PJM BGE FORWARD POWER PRICING PJM ADHUB FORWARD POWER PRICING
Market Snapshot: Monday, December 5, 2022
Natural Gas: Freeport LNG: Another production restart delay to year’s end Freeport LNG on Friday again delayed the restart of the second-biggest U.S. liquefied natural gas (LNG) export facility, moving its forecast for resuming processing to year’s end, pending regulatory approval. Freeport LNG shut the Texas plant on June 8 after an explosion and fire…
Europe’s LNG import capacity is set to expand by one-third by the end of 2024
Liquefied natural gas (LNG) import capacity in the European Union (E.U.) and the United Kingdom (U.K.) will expand by 34%, or 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021, according to the International Group of Liquefied Natural Gas Importers (GIIGNL) and trade press data. Learn More >>
EIA: US Heating Oil Prices 65% Higher
U.S. heating oil prices were 65% higher this October than in October of last year, according to our Heating Oil and Propane Update (HOPU). Residential heating oil prices rose to an annual high of $5.90 per gallon (gal) on November 7, 2022, because of tight inventories, low imports, and limited production capacity. The complete story >>
