Market Snapshot: Week of June 19, 2023

Natural Gas – Energy – Electricity – Weather Headlines EIA: WEEKLY NATURAL GAS STORAGE REPORT A lower-than-expected injection into gas storage saw the cost of Natural Gas rises thirty cents since last Wednesday in the prompt month. Also contributing was the forecast for hotter temperatures in late June. Even next winter has risen almost 15…

Weather: Understanding El Nino

El Niño is a climate phenomenon that occurs irregularly in the tropical Pacific Ocean, characterized by the warming of sea surface temperatures, which can significantly impact weather patterns worldwide. During normal conditions, the trade winds blow from east to west across the tropical Pacific, pushing warm surface waters towards the western Pacific near Indonesia. This…