COLD FRONT TURNS THE NATURAL GAS MARKET UPWARD WEATHER: COLDER TEMPS, HIGHER DEMAND ON THE WAY. The cold front will cover the U.S. for at least 14 days, increasing heating demand and raising Natural Gas prices. NATURAL GAS STORAGE REPORT: EIA Electricity PJM BGE FORWARD POWER PRICING PJM ADHUB FORWARD POWER PRICING
Natural Gas News: Freeport LNG targets mid-December restart for Texas export plant. U.S. liquefied natural gas (LNG) company Freeport LNG said it was targeting a mid-December restart for its Texas export plant, which has been shut for six months after a fire, pending regulatory approval. Freeport, the second-biggest U.S. LNG export facility, closed in June…
Natural Gas Headlines: Henry Hub The 12-Month natural gas futures strip closed at $5.41 per MMBtu, an increase of $0.01 per MMBtu compared to the prior week. Additionally, the 12 Month strip increased by $0.01, the 2023 strip decreased by $0.00; the 2024 strip increased by $0.02, and the 2025 strip increased by $0.05. Natural…
Electricity Headlines: Forward Power Price Forward power prices were down in all regions besides ERCOT and CAISO which saw increases of 3.3%-4.1% and 3.2%-3.5%, respectively. MISO prices fell 1.3%, and PJM fell between 0.8%-.0.9% The EIA reported that U.S. electricity customers averaged seven hours of power interruptions in 2021 Weather: Outlook for November 14-20: Colder…
Natural Gas Headlines: WORKING NATURAL GAS STOCKS POST SECOND-LARGEST WEEKLY NET INCREASE ON RECORD SUPPLIER STORY: AEP RECENT NATURAL GAS PRICING On Monday, November 7, markets are rallying to start the week following a sizeable weather-driven demand gain in weekend weather model runs for the 6–15-day period. As a result, in December 2022, natural gas…
Natural Gas Key Takeaways Prompt month NYMEX natural gas settled at $5.20/MMbtu on Monday, October 24, up $.24/MMbtu. After several very bearish sessions, near-month (November) NYMEX futures reversed direction on Monday, settling higher at the end of the day. Prompt-month NYMEX traded up $.16/MMbtu in early morning trading at $5.37/MMbtu. Calendar year 23-27 settled at…
Weather Outlook: Brrr! Frost and freeze conditions are forecast early this week across portions of the Plains, Mississippi Valley, Ohio Valley and Tennessee Valley. Mild to warm weather for the remainder of the week across the Midwest, East and South will allow some late-season cooling demand along the Gulf Coast and back into Texas, but…
Weather: PEAK HOURS FOR HEAT GETTING SHORTER While temperatures remain above average for most of the country, the afternoon peak temperatures are not lasting as long as we move into fall and earlier sunsets. This has led to less cooling demand and more substantial storage reports. NOAA TRACK OF HURRICANE IAN Tropical Storm Ian, forecast…
MARKET DROPS AFTER POSSIBLE RAIL STRIKE AVERTED A DROP IN PRICING DROPPED AFTER BOTH SIDES AGREED TO SETTLE An imminent rail strike sent prices soaring on Wednesday and crashing back just as fast when they averted the strike after a 20-hour negotiating session in Washington, DC. The strike would have significantly impacted rail transportation of…
