What’s Going On With the Natural Gas Market?
Natural gas: It’s been a wild ride.
Market Snapshot: Energy News For the Week of August 14, 2023
This week’s Market Snapshot looks at the increase in temperatures across the US – and thus, electricity demand, in the next two weeks. Plus, the natural gas market has started to climb up. Don’t wait to act on your next natural gas contract! WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK With extreme heat moving eastward,…
Energy Market Snapshot: Monday, August 7, 2023
Natural Gas: EIA WEEKLY NATURAL GAS STORAGE REPORT Keep an eye on the gas storage report. While we still have a surplus of natural gas compared to the five-year average, especially last year, the recent injections have been smaller than in the past, and the surplus is shrinking. This is a sign that demand continues…
EIA: Natural gas deliveries to U.S. LNG export facilities set a record in first-half 2023
Natural gas deliveries by pipeline to U.S. liquefied natural gas (LNG) export facilities are called LNG feed gas. LNG feed gas averaged 12.8 billion cubic feet per day (Bcf/d) in the first six months of 2023, following the Freeport LNG terminal’s return to service, according to S&P Global Commodity Insights data. Over this period, LNG…
Monday’s Market Snapshot – July 31, 2023
US Weather: 6-10 DAY AND 8-14 DAY OUTLOOK Energy Demand: ABOUT LAST WEEK’S PEAK DEMAND ALERTS EIA: WEEKLY GAS STORAGE The Natural Gas Market took a bit of a dip on Wednesday, falling from its weeklong high of $2.755 and down more than ten cents to $2.642. This dip was prompted by weather forecasts calling…
Energy Market Snapshot – July 24, 2023
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Energy: PJM Peak Demand Alerts This Week! The PJM interconnection grid network is projecting that the hot weather later this week will lead to the potential for Wednesday, Thursday, and Friday being three of the five days that will affect capacity costs for next year. Forecast Peak Usage…
EIA: Weekly Natural Gas Storage Report
According to EIA estimates, working natural gas in storage was 2,805 Bcf as of Friday, June 23, 2023. This represents a net increase of 76 Bcf from the previous week. Stocks were 566 Bcf higher than last year and 358 Bcf above the five-year average of 2,447 Bcf. At 2,805 Bcf, the total working gas…
Market Snapshot: June 26, 2023 – Natural Gas & Electricity Headlines
EIA: WEEKLY NATURAL GAS STORAGE Why This Weekly Natural Gas Chart Is Import: Understanding the Natural Gas Storage ReportThe Natural Gas Storage Indicator measures working gas, the volume of gas in a reservoir above a specified base level, and the amount of gas available for sale to the marketplace. The EIA report shows gas inventories…