Market Snapshot: Monday, October 31, 2022

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

Natural Gas Key Takeaways Prompt month NYMEX natural gas settled at $5.20/MMbtu on Monday, October 24, up $.24/MMbtu. After several very bearish sessions, near-month (November) NYMEX futures reversed direction on Monday, settling higher at the end of the day. Prompt-month NYMEX traded up $.16/MMbtu in early morning trading at $5.37/MMbtu. Calendar year 23-27 settled at…

Details

TPI Takeaway Market Snapshot: October 24, 2022

Electriclty, Energy, In The News, Natural Gas, TPI Takeaway Market SnapshotLeave a comment

Ohio Electricity Rates More than Double By Summer Ohio FirstEnergy customers will see their electric bills rise starting next summer, as the Akron-based utility has purchased some of its electricity at more than twice the price it’s paying now. During the October 4th auction, FirstEnergy agreed to pay an average price of $122.30 per megawatt-hour for delivery…

Details

Market Snapshot for Monday, Oct. 17, 2022

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

Weather Outlook:  Brrr! Frost and freeze conditions are forecast early this week across portions of the Plains, Mississippi Valley, Ohio Valley and Tennessee Valley.  Mild to warm weather for the remainder of the week across the Midwest, East and South will allow some late-season cooling demand along the Gulf Coast and back into Texas, but…

Details

Market Snapshot for October 10, 2022

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

Weather Forecast: Below Average Temperature Outlook Hurricane Ian directly hit Fort Myers and Sanibel Island, Florida, late last week, causing devastating damage to property and infrastructure. The storm knocked out power to more than 2 million Florida residents. Weather in the Midwest and East is mainly seasonal, with some frost warnings in the midwest this…

Details