Natural Gas: STORAGE WORRIES FOR NEXT WINTER CONTINUE TO INFLATE MARKET SOME RELIEF MAY BE ON THE WAY. Worries about Natural Gas Storage for Winter โ22-โ23 sent the market peaking above $9.00 last week, ever closer to a record high of $15.78 in December 2005 and the highest since 2008. The outlook does not look…
Weather: AVERAGE TEMPERATURES THROUGHOUT AS THE AVERAGE TEMP RISES. We can look forward to milder weather, with the last of the sub-freezing cold fronts hopefully past. Unfortunately, the late start to warmer temperatures has kept heating demand high, adding to our supply woes that are the worst since at least 2018. WHAT GOES UP MUST…
Columbus, Ohio, keeps getting hotter, with annual average temperatures have increased 3.7 degrees Fahrenheit since 1970; an analysis finds #climatechange #ohio #inthenews
MARKET CONTINUES TO SHOOT SKYWARD, PASSING $7.00 THE NATURAL GAS MARKET ROSE OVER A DOLLAR LAST WEEK. Storage concerns for next winter continued to drive the price of Natural Gas up and up with no ceiling in sight. A combination of storage worries, Ukraine worries, and cooler weather sent the market up more than a…
A new study ties the record-breaking 2020 Atlantic hurricane season and its heavy rainfall to climate change, demonstrating that the problem is not decades away but already here. Read the article. #climatechange #weather
Energy News: E.U. Recommends Russian Ban The E.U. recommends a complete oil, gas, and coal ban on Russian energy. This recommendation carries no official weight, and, so far, only Russian coal has been sanctioned. But this recommendation is another step closer to Europe banning all Russian energy over the Ukraine invasion. The U.S. will have…
HIGH POPULATION CITIES SHOULD SEE LOWER DEMAND Milder weather is projected for mid-April, but we may still see a withdrawal this week of 25-35 Bcf. This late cold snap is hurting our chances to rebuild gas storage for the upcoming winter, which may make for an even worse market than we had this past winter.…
Market Snapshot for Monday, March 28, 2022 MODERATE TEMPERATURES THROUGHOUT THE U.S. The weather is fairly moderate across the country with slightly lower temps in the East and higher temps in the West, but that has not translated into drastically lower demand. MARKET CONTINUES TO EDGE UPWARDS ON UKRAINE FEARS GAS MARKET MOVES UP ALMOST…