Natural Gas: Supply Dynamics Natural gas storage has seen a significant shift in recent weeks. After a year of primarily below-average injections, we’ve witnessed four consecutive weeks of injections surpassing the five-year average. This trend has exerted downward pressure on prices and brought storage levels closer to the 4,000 bcf benchmark. The impact of the…
DetailsExciting news for business leaders! TPI Efficiency has just released an insightful webinar recap on the recent PJM capacity auction results and their far-reaching implications. 🔍 “Energy Grid: Capacity Auction Results” – A must-watch for anyone concerned about future energy costs! Key highlights from the video: At TPI Efficiency, we’re committed to helping businesses navigate…
DetailsMarket Overview As we approach the withdrawal season, the energy market is experiencing significant shifts that could impact prices and supply in the coming months. This week’s newsletter focuses on key factors affecting the natural gas and electricity markets, including supply trends, LNG demand, weather patterns, and future price projections. Natural Gas Supply and Storage…
DetailsWeather Outlook 6-10 Day and 8-14 Day ForecastA much warmer than normal system is moving across the east, which should help reduce demand slightly. However, northern states and some Great Lakes states are still experiencing heating demand despite the warmer front. This mixed weather pattern suggests variable natural gas consumption in the coming weeks. Storage…
DetailsAs we transition between seasons, energy professionals and savvy consumers are closely monitoring what’s known as the “shoulder months” in the energy market. These periods, typically occurring in spring (March/April) and fall (September/October), can significantly impact energy prices and consumption patterns. Let’s dive into what shoulder months mean for the energy market and how you…
Details]October 14, 2024 Industry News Capacity Auction UpdatePJM announced it will support a six-month delay of the 2026/2027 capacity auction, initially scheduled for December 2024. Weather Outlook 6-10 Day and 8-14 Day ForecastA warmer front is moving across the country, but average temperatures are dipping, reducing demand for now. Expect natural gas demand to drop…
DetailsNatural Gas Market Update: Supply and Pricing Dynamics After surpassing $3.00 on Friday, natural gas prices experienced a sell-off as investors took profits, resulting in a $0.20 drop over the weekend. Meanwhile, Brent crude oil has climbed to $77.00 due to fears of an expanding Middle East conflict potentially involving Iran, leading producers to shelve…
DetailsTPI Efficiency Market Insights Natural Gas & Oil Supply Update Natural gas production has dipped below 100 Bcf daily as prices hover around $2.00. Meanwhile, oil prices are just above $77 per barrel, potentially leading to production cutbacks unless prices climb above $80/bbl. This reduction in oil production could impact secondary natural gas capture. LNG…
DetailsNATURAL GAS: LNG DEMAND WITHIN THE ENERGY MARKET EIA: NATURAL GAS STORAGE WEEKLY REPORT •Our power demand for gas has not only been higher than last year, it has been higher than the five-year range.•LNG exports continue at around 13 Bcf/d•LNG Project approval was temporarily suspended in January 2024, but the hold was lifted. This means the projects are…
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