/*! elementor - v3.21.0 - 30-04-2024 */ .elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-d...
Energy Market Snapshot: April 15, 2024
NATURAL GAS PRODUCTION The Natural Gas Market remained essentially unchanged. Weakening weather demand and inconsistent LNG demand allowed pricing to stay low, and even production jumped about 2 Bcf/d last week to quash any chance of a market rally that would see significant price increases. EIA NATURAL GAS STORAGE Weather...
Energy Market Snapshot: April 1, 2024
NATURAL GAS STORAGE We are now in the injection season with a substantial +669 Bcf surplus over the five-year average. This surplus and robust oil production numbers will likely keep prices relatively stable, hovering within a dollar or two of these prices until at least next spring. OUR GAS SURPLUS Production cuts are tak...
Energy Market Snapshot: March 4, 2024
NATURAL GAS PRODUCTION Gas Production continues to remain strong at 104 Bcf/d. This could result from Chesapeake Energy’s cutback in production, but that production slowdown is expected to take a few months to have an effect. RUSSIAN PIPELINES TO THE E.U. Believe it or not, some natural gas still flows from Russia to the E...
Energy Market Snapshot: Feb. 19, 2024
NATURAL GAS STORAGE The EIA reported a withdrawal of 49 Bcf out of underground storage for the week ending February 9, 2024, vs. an estimated withdrawal of 71 Bcf. Inventories are 2,535 Bcf, 255 Bcf or 11.2% more than the same period last year, and 348 Bcf or 15.9% more than the 5-year average. NATURAL GAS PRODUCTION Th...
EIA: 81% of New Electric-generating Capacity to come from Solar and Battery Storage
EIA predicts that solar and battery storage will comprise 81% of new electric-generating capacity in the U.S. by 2024. This highlights the continued growth of renewable energy and its crucial role in powering the country. Read on EIA’s Website >>
Energy Market Snapshot: Feb. 12, 2024
NATURAL GAS: NYMEX CALENDAR STRIPS The cost of Natural Gas continues to drop over the 12 months, and injection season is just around the corner on April 1st. We have seen a trend in the last few years where the current year is priced lower than the following years. So, looking at Natural Gas and Electricity, we see 2024 well below the f...
Energy Market Snapshot: Week of Feb. 5, 2024
EIA: NATURAL GAS STORAGE REPORT With the cost of natural gas climbing due to the added cost of gas from the Middle East, US LNG producers are maxing out the capacity of LNG facilities to sell their products where they can make the most money. It’s a global market, and NG producers will try to sell it where the highest profit is. ...
EIA: EVs Were 16% of All Auto Sales in 2023
Electric vehicles and hybrids are taking the U.S. automobile market by storm! According to the Energy Information Administration, in 2023, the combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) surged to 16.3% of total new light-duty vehicle (LDV) sales. This significant increase hi...
Energy Market Snapshot: Jan 29, 2023
EIA: NATURAL GAS STORAGE REPORT Winter Storm Heather that crossed the USA over the last few weeks significantly increased the demand for gas and electricity, and the freezing temperatures put a large dent in production. During Winter Storm Heather, production dropped from just over 105 bcf/d to over 90 bcf/d. This helped increase the la...
