Energy Market Newsletter: December 23, 2024 Weather Demand and Natural Gas Pricing As we approach the end of the year, the energy market is experiencing significant shifts. While the recent cold spell is easing, forecasts for a colder-than-expected early January have pushed gas prices up to $4.00. This marks the second cold winter shot, and…
DetailsThe USDA has announced a pause in accepting Inflation Reduction Act (IRA) applications for the Rural Energy for America Program (REAP) due to overwhelming demand. Key points include: This pause allows USDA to manage the application backlog effectively. Interested parties should act quickly to submit applications before the December 31 deadline for consideration in the…
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DetailsWeather and Demand We anticipate a retreat in energy demand and pricing as the recent cold front passes. The European forecast model suggests one more cold spell before the new year, while the American model predicts milder temperatures for at least the next 30 days. This long-term mild weather outlook may be causing the market…
DetailsNatural Gas Market Newsletter: Week of December 2-8, 2024 Weather and Demand Outlook The weather continues to be the primary driver of natural gas markets, with recent cold spells bringing more buyers into the market. However, the outlook is shifting: Key Insight: January pricing remains among the lowest since 2013, despite recent fluctuations. Regional Weather Breakdown Midwest, Ohio Valley,…
DetailsNatural Gas Supply Update Natural Gas Storage Report LNG Demand January NYMEX Futures (since November 15) Natural Gas Production Report NYMEX 12-Month Strip ALL ABOUT THE NYMEX TWELVE-MONTH STRIP • The NYMEX Twelve Month Strip is the average of the upcoming 12 months of closing Henry Hub natural gas futures prices as reported on CME/NYMEX.…
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DetailsNatural 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…
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