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 Natural…
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 that extra natural gas in the future…
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 normal over the next 6-14 days, which will…
According to a new report from federal regulators, New York almost ran out of natural gas during last December’s Winter Storm Elliott.
WEATHER HIGHLIGHTS: As projected, natural gas prices have fallen in the last week, with prompt-month pricing falling almost below $3.00. Since the start of November, natural gas prices have lost $0.60 from $3.62 to $3.018 on Friday. This drop coincided with a change in the weather forecast, which called for milder temperatures than initially forecast.…
EIA: WEEKLY NATURAL GAS STORAGE The last two natural gas storage reports have shown a more robust injection than the five-year average, which is helping to keep the price of Natural Gas lower as mild weather has kept heat demand down. Projections of a mild winter due to a strong El Nino are also holding…
EIA: WEEKLY NATURAL GAS STORAGE The last two storage reports have shown a more robust injection than the five-year average, which is helping to keep the price of Natural Gas lower as mild weather has kept heat demand down. Projections of a mild winter due to a strong El Nino are also holding back gas…
EIA: WEEKLY NATURAL GAS STORAGE Our gas injections continue to be weak this summer, and we will still be lucky to have a surplus by the end of withdrawal season starting in November. Our surplus over the 5-year average, at one time over 17%, is now down to 5.1%. The excess over last year has…
Oil, Natural Gas, and The Israel-Hamas Conflict After worries that the Israel-Hamas conflict could widen into a larger Mideast war, prices returned to normal. So far, the fighting has been limited to around the Gaza Strip except for a few rocket attacks from Hezbollah from Syria and Lebanon in the north. While neither Israel nor…
