Market Snapshot: Monday, October 9, 2023

EIA, In The News, Natural Gas, TPI Takeaway Market Snapshot, WeatherLeave a comment

NATURAL GAS: NYMEX 12-MONTH ROLLING STRIP (NOV-OCT) In September, natural gas demand fell sharply in all sectors, from residential and commercial to industrial. This is likely due to mild weather throughout the country and no actual heat demand until this last week. Below average temps are moving across the country, so look for higher heating…

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El Niño and Its Potential Impact on Natural Gas Pricing in the US this Winter

In The News, Natural Gas, WeatherLeave a comment

As winter approaches, the energy industry in the United States closely monitors various factors that can influence natural gas pricing. One such factor that can significantly impact is the El Niño phenomenon. El Niño, characterized by the abnormal warming of sea surface temperatures in the equatorial Pacific Ocean, can disrupt weather patterns worldwide. Understanding El…

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