Energy Market Snapshot: Sept. 3, 2024

Natural Gas Market Update: Cooler Temps Bring Storage Boost Supply Holds Steady as Injections Pick Up Natural gas supply remained stable at around 102.0 Bcf/d this past week. The cooler second half of August has recently led to stronger storage injections, with five of the last six injections approaching the five-year average. Last week’s EIA…

Energy Market Snapshot: Why Now Is the Time to Secure Your Energy Contracts

Natural Gas Market Update: Record-Breaking Production, but for How Long? Natural gas production in the U.S. has reached unprecedented levels, consistently surpassing 100 Bcf/d. Last week’s report showed output at an impressive 101.5 Bcf/d. However, this abundance may not last. Industry experts anticipate potential production cuts by suppliers in the near future, aimed at reducing…

Energy Market Snapshot: June 17, 2024

6-10 DAY AND 8-14 DAY OUTLOOK The forecasted extreme heat across the U.S. will mean a much higher demand and, consequentially, a lower injection. This will further erode our gas surplus for months, possibly bringing the NYMEX price back above $3.00 for the prompt month. NATURAL GAS STORAGE Last week’s injection of +74 was well below last…