Energy Market Insights: August 12-18, 2024
Weather Outlook Natural Gas Market Update 2025/2026 Capacity Auction Results Why Consider Buying Now? Stay informed and consider strategic energy decisions in light of these developments.
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: July 8, 2024 – Natural Gas News
THE ENERGY MARKET – BIG REASONS TO BUY NOW: NATURAL GAS SUPPLY LNG DEMAND WEATHER DEMAND 6-10 DAY AND 8-14 DAY OUTLOOK The natural gas demand for this week is expected to be HIGH due to intense high pressure and hot temperatures across much of the southern and eastern United States. Specifically: The widespread hot…
Energy Market Snapshot: June 24, 2024
NYMEX NATURAL GAS CALENDAR STRIPS ALL ABOUT THE NYMEX TWELVE-MONTH STRIP 6-10 DAY AND 8-14 DAY OUTLOOK The forecast for late June/early July turned slightly cooler, resulting in a slight price drop for natural gas and electricity. After reaching $3.15 two weeks ago, July Natural Gas has sunk to $2.68. However, we will be switching to…
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…
Energy Market Snapshot: June 10, 2024
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Forecasts for scorching weather in late June and a severe Heat Dome covering the Southwest sent prices sharply upward last week. Pricing for July Natural Gas went from $2.53 on Tuesday the 6th to $2.97 on Sunday. EIA: NATURAL GAS STORAGE Last week’s storage report was still just above…
Energy Market Snapshot: June 3, 2024
NATURAL GAS: EIA:NATURAL GAS STORAGE Last week was the first storage report in over a month with a higher injection than projected. Producers are bringing some assets online to prepare for a top 10 hot summer, and this production increase will help keep downward pressure on pricing. ELECTRICITY GENERATION SOURCES THE LAST TEN YEARS This…
Energy Market Snapshot: May 28, 2024
6-10 DAY AND 8-14 DAY OUTLOOK Look for cooling demand to increase as a large heat wave moves across the U.S. in the 6-10 and 8-14 day forecasts. The entire country will see higher-than-normal temperatures except for a small area centered around Kentucky and stretching to the Atlantic, but even the Northeast and the Gulf Coast will…
