Mild weather and impressive storage numbers keep the natural gas price low. GAS KEEPS DROPPING IN MILD WEATHER, AND SURPLUS STORAGE NATURAL GAS STORAGE IS NOW 16.8% HIGHER THAN LAST YEAR. NATURAL GAS STORAGE REPORT A BIT OF COOLER AIR IS MOVING IN FROM THE NORTHEAST Cold weather from Western Canada will bleed into the…
THE NATURAL GAS MARKET CONTINUES TO BOUNCE ALONG THE FLOOR NEAR $2.50 A STRONG EASTERN RIDGE OF WARM AIR KEEPS DEMAND DOWN. NATURAL GAS STORAGE REPORT THE US REMAINS COLDER IN THE WEST, WARMER IN THE EAST The natural gas market continues to bounce near $2.50 thanks to warmer weather in the East and substantial…
NATURAL GAS: FROM $9.35 IN SEPTEMBER TO $3.11 IN JANUARY, THE NYMEX HAS FALLEN FAR THE MARKET REMAINS VOLATILE ON COMPETING INDICATORS. A WARMER FORECAST IN THE EAST REDUCES THE DEMAND FOR ELECTRICITY AND NATURAL GAS NATURAL GAS: FUTURES PRICING FOR THE NEXT YEAR HAS COLLAPSED The market for future months has dropped by about…
On December 23, 2022, natural gas consumption in the U.S. Lower 48 states reached a daily record high of 141.0 billion cubic feet (Bcf), according to estimates from S&P Global Commodity Insights. The previous record was 137.4 Bcf, set on January 1, 2018. Below-normal temperatures in mid-to-late December increased demand for natural gas used for…
Natural gas-fired power plants generated 2% of the electricity produced in Pennsylvania in 2001. Over the next 20 years, natural gas-fired generation in the state will increase rapidly, reaching 52% in 2021. Natural gas displaced most coal-fired generation, which fell from 57% of the electricity generated in Pennsylvania in 2001 to 12% in 2021. Natural…
Natural Gas: WE MAY HAVE HIT BOTTOM, AND COLDER WEATHER COULD BRING PRICES BACK THE MARKET REMAINS VOLATILE ON COMPETING INDICATORS. What Is Henry Hub?Henry Hub is a natural gas pipeline located in Erath, Louisiana, that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). EIA NATURAL GAS…
EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024. Reach out to TPI to see how this could affect your energy spend going forward. The full story >>
Natural Gas Market NEXT JANUARY’S PRICING REFLECTS MORE NORMAL JANUARY WEATHER. WEATHER CONTINUES TO DRIVE THE NATURAL GAS MARKET DOWN. EIA Natural Gas Storage Report Electricity News: FirstEnergy Auction Weather Mid Weather PJM BGE JANUARY 10TH PJM ADHUB JANUARY 10TH
Prompt-month NYMEX natural gas was trading at $3.79/MMbtu in morning trading, up $0.12/MMbtu as of 12:45 p.m. ET.
