Climate change won’t make winter storms and blizzards go away. Scientists explain how intense winter weather like the blizzard that killed over two dozen people around Buffalo, New York, over the holidays could worsen as the world warms. https://www.usatoday.com/story/news/2022/12/27/buffalo-blizzard-climate-change-extreme-weather-events/10955920002/
Natural Gas: $7.70 DOWN TO $4.15, THE MARKET KEEPS FALLING. MILD TEMPS AND FREEPORT LNG REOPENING DELAY ARE RESPONSIBLE. WEATHER: HIGHER THAN AVERAGE TEMPS STICK AROUND. The warmer weather, combined with the delay, yet again, of the reopening of the Freeport LNG facility, now delayed to mid-January, have sent prices spiraling down to $4.19 and…
THE NATURAL GAS MARKET CONTINUES TO PLUMMET THE MARKET HAS DROPPED ALMOST $2.00 IN 12 DAYS NATURAL GAS STORAGE REPORT Last week’s withdrawal of -87 Bcf from storage was well below the five-year average of -124 Bcf. This lighter-than-average withdrawal put our storage at .07% above the five-year average. This is the first time we have…
Henry Hub: Natural Gas Market GAS STORAGE ALMOST EQUAL TO LAST YEAR & THE FIVE-YEAR AVERAGE EAST WILL SEE HIGH DEMAND IN THE NEXT WEEK Electricity: FirstEnergy Auction FirstEnergy is holding its second and final auction for next year on January 10 and should be announced shortly after. The first auction in October 2022 came…
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…
