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…
NATURAL GAS SNAPSHOT: MARKET IN A WATCH, WAIT AND SEE MODE Milder forecasts and higher European pandemic numbers, offset by higher-than-expected withdrawal, kept the market mostly waiting and seeing. We are close to a typical shoulder month in April. A shoulder month is a month typically low demand. Warm enough to turn off the heaters,…
Happy Pi Day! MILDER WEATHER SHOULD LEAD TO LOWER DEMAND ACROSS THE COUNTRY Milder weather is on the way soon. This should lower demand and may even lower Natural Gas prices. Later this week, a warmer weather pattern will arrive as high-pressure rules vast stretches of the country. Slow-moving mild and wet systems will linger…
FEARS OF SANCTIONS ON RUSSIAN ENERGY DRIVE MARKET HIGHER STILL, NO ENERGY SANCTIONS, BUT SUPPORT IS INCREASING As the Russian invasion of Ukraine continues, multiple sanctions have been laid on Russia, so far to no avail. Energy sanctions on Russian energy are among the last resort as they will cause pain in Europe and the…
NATURAL GAS: MARKET CONTINUES TO DROP EVEN AFTER RUSSIA INVADES UKRAINE WHY DID PRICES NOT SKYROCKET AFTER THE INVASION? Contrary to expectations, the price of Natural Gas did not increase significantly after the invasion of Ukraine. The main reason is that the sanctions placed on Russia, though they may be the toughest ever laid on…
The EIA reports that generators in Texas meet electric demand, avoid widespread outages during the recent cold snap. The details
