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National Deep Freeze! Energy Market Headlines
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK The current wave of freezing temperatures has sent the market northward over $3.00. Freezing temperatures have increased demand and likely caused well-head freeze-offs that have hurt production. The good news is that another warmer front will follow the cold front with warmer temperatures across th...
EIA: Henry Hub Spot Pricing Expectations
The EIA reported this week that it expects Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025.
Market Snapshot: Monday, Jan. 8, 2024
NATURAL GAS HEADLINES: STORAGE The market continued to rise with the onset of cold January weather. With below-average temps ready to cover most of the nation, demand for heat is expected to go up, and natural gas drilling in areas like South Dakota could see wellhead freeze-offs, affecting production. The market for prompt month Natura...
Energy Market Snapshot: January 3, 2023
NATURAL GAS MARKET PRODUCTION Natural gas production remains strong, consistently broaching or approaching 105 Bcf daily. These are record production numbers. Due to the record oil production, we are also seeing added secondary natural gas production, a byproduct of oil drilling. FUTURE LNG EXPORT FACILITIES We will need t...
EIA: Record Natural Gas Storage
The United States begins the winter with the most natural gas in storage since 2020! The story >>
NY Almost Ran Out of Natural Gas Last December
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On The Homefront: Free Energy Audit for Dominion Energy Customers
Does Dominion Energy supply your home with natural gas? A woman is pressing the down button of a wall attached house thermostat with digital display showing temperature 70 degree Fahrenheit for heating, cooling, electricity and gas saving If so, you’re in luck! Dominion offers free residential energy audits – a $25 savings. ...
Market Snapshot: Tuesday, November 14, 2023
WEATHER HIGHLIGHTS: As projected, natural gas prices have fallen in the last week, with prompt-month pricing falling almost below $3.00. Since the start of November, natural gas prices have lost $0.60 from $3.62 to $3.018 on Friday. This drop coincided with a change in the weather forecast, which called for milder temperatures than initiall...
Energy Market Snapshot: November 6, 2023
EIA: WEEKLY NATURAL GAS STORAGE The last two natural gas storage reports have shown a more robust injection than the five-year average, which is helping to keep the price of Natural Gas lower as mild weather has kept heat demand down. Projections of a mild winter due to a strong El Nino are also holding back gas prices. We are projec...