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Energy Market Snapshot: Week of Feb. 5, 2024
EIA: NATURAL GAS STORAGE REPORT With the cost of natural gas climbing due to the added cost of gas from the Middle East, US LNG producers are maxing out the capacity of LNG facilities to sell their products where they can make the most money. It’s a global market, and NG producers will try to sell it where the highest profit is. ...
Energy Market Snapshot: Jan 29, 2023
EIA: NATURAL GAS STORAGE REPORT Winter Storm Heather that crossed the USA over the last few weeks significantly increased the demand for gas and electricity, and the freezing temperatures put a large dent in production. During Winter Storm Heather, production dropped from just over 105 bcf/d to over 90 bcf/d. This helped increase the la...
Energy Market Snapshot: Week of Jan 22, 2024
6-10 DAY AND 8-14 DAY OUTLOOK A warmer weather pattern will gain ground over the US next week with highs of 30s to 50s over the northern US and 50s to lower 80s over the southern US. There will also be heavy rain over Texas & the South next week w/local flooding. Natural gas demand will be light for the week. EIA: NATURAL GAS...
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...
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...
Energy Market Snapshot: Dec. 27, 2024
Energy News• TPI Takeaway • Welcome to the last Market Snapshot of 2023! NATURAL GAS: EIA Storage Report The last two storage reports have been either right on target or slightly above projections, and that has moved the pricing up just a bit, though it is still well below $3.00. It also looks like the weather will be closer to norma...
Energy Market Snapshot: December 19, 2023
High Natural Gas Production: High production, mild winter weather, and its effect on demand have been the main drivers of Natural Gas and electricity pricing. We continue to see warmer-than-normal temperatures throughout the country and lower overall demand for natural gas than we did in 2022. We are approaching the market over the five...
Market Snapshot: Monday, December 5, 2023
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Expect pleasant weather across the northern United States with a mix of rain and snow, bringing mild to slightly cool temperatures from the mid-30s to 50s. In the southern U.S., it’s mainly looking dry and comfortable, with highs in the 50s to 70s and locally reaching the 80s. The national en...
