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
According to a new report from federal regulators, New York almost ran out of natural gas during last December’s Winter Storm Elliott.
On The Homefront: Free Energy Audit for Dominion Energy Customers
Does Dominion Energy supply your home with natural gas? If so, you’re in luck! Dominion offers free residential energy audits – a $25 savings. The energy assessment will evaluate your home and how it uses and wastes energy. Auditors can also recommend available rebates and give the homeowner free energy-saving products — like high-efficiency shower…
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 initially forecast.…
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…
Market Snapshot: Monday, October 30, 2023
EIA: WEEKLY NATURAL GAS STORAGE The last two 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…
Market Snapshot: Monday, October 23, 2023
EIA: WEEKLY NATURAL GAS STORAGE Our gas injections continue to be weak this summer, and we will still be lucky to have a surplus by the end of withdrawal season starting in November. Our surplus over the 5-year average, at one time over 17%, is now down to 5.1%. The excess over last year has…
Market Snapshot: Monday, October 16, 2023
Oil, Natural Gas, and The Israel-Hamas Conflict After worries that the Israel-Hamas conflict could widen into a larger Mideast war, prices returned to normal. So far, the fighting has been limited to around the Gaza Strip except for a few rocket attacks from Hezbollah from Syria and Lebanon in the north. While neither Israel nor…
