MARKET CONTINUES TO SHOOT SKYWARD, PASSING $7.00 THE NATURAL GAS MARKET ROSE OVER A DOLLAR LAST WEEK. Storage concerns for next winter continued to drive the price of Natural Gas up and up with no ceiling in sight. A combination of storage worries, Ukraine worries, and cooler weather sent the market up more than aโฆ
Energy News: E.U. Recommends Russian Ban The E.U. recommends a complete oil, gas, and coal ban on Russian energy. This recommendation carries no official weight, and, so far, only Russian coal has been sanctioned. But this recommendation is another step closer to Europe banning all Russian energy over the Ukraine invasion. The U.S. will haveโฆ
Donโt wait to get your natural gas rate locked in for the coming winter: PECO requests natural gas delivery rate increase. Bills could go up 13%!
HIGH POPULATION CITIES SHOULD SEE LOWER DEMAND Milder weather is projected for mid-April, but we may still see a withdrawal this week of 25-35 Bcf. This late cold snap is hurting our chances to rebuild gas storage for the upcoming winter, which may make for an even worse market than we had this past winter.โฆ
Market Snapshot for Monday, March 28, 2022 MODERATE TEMPERATURES THROUGHOUT THE U.S. The weather is fairly moderate across the country with slightly lower temps in the East and higher temps in the West, but that has not translated into drastically lower demand. MARKET CONTINUES TO EDGE UPWARDS ON UKRAINE FEARS GAS MARKET MOVES UP ALMOSTโฆ
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NATURAL GAS SNAPSHOT: MARKET IN A WATCH, WAIT AND SEE MODE Milder forecasts and higher European pandemic numbers, offset by higher-than-expected withdrawal, kept the market mostly waiting and seeing. We are close to a typical shoulder month in April. A shoulder month is a month typically low demand. Warm enough to turn off the heaters,โฆ
Happy Pi Day! MILDER WEATHER SHOULD LEAD TO LOWER DEMAND ACROSS THE COUNTRY Milder weather is on the way soon. This should lower demand and may even lower Natural Gas prices. Later this week, a warmer weather pattern will arrive as high-pressure rules vast stretches of the country. Slow-moving mild and wet systems will lingerโฆ