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National Deep Freeze! Energy Market Headlines
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK The current wave of freezing temperatures has sent the market northward over $3.00. Freezing temperatures have increased demand and likely caused well-head freeze-offs that have hurt production. The good news is that another warmer front will follow the cold front with warmer temperatures across th...
Market Snapshot: Monday, Jan. 8, 2024
NATURAL GAS HEADLINES: STORAGE The market continued to rise with the onset of cold January weather. With below-average temps ready to cover most of the nation, demand for heat is expected to go up, and natural gas drilling in areas like South Dakota could see wellhead freeze-offs, affecting production. The market for prompt month Natura...
Energy Market Snapshot: January 3, 2023
NATURAL GAS MARKET PRODUCTION Natural gas production remains strong, consistently broaching or approaching 105 Bcf daily. These are record production numbers. Due to the record oil production, we are also seeing added secondary natural gas production, a byproduct of oil drilling. FUTURE LNG EXPORT FACILITIES We will need t...
Energy Market Snapshot: Dec. 27, 2024
Energy News• TPI Takeaway • Welcome to the last Market Snapshot of 2023! NATURAL GAS: EIA Storage Report The last two storage reports have been either right on target or slightly above projections, and that has moved the pricing up just a bit, though it is still well below $3.00. It also looks like the weather will be closer to norma...
Energy Market Snapshot: December 19, 2023
High Natural Gas Production: High production, mild winter weather, and its effect on demand have been the main drivers of Natural Gas and electricity pricing. We continue to see warmer-than-normal temperatures throughout the country and lower overall demand for natural gas than we did in 2022. We are approaching the market over the five...
NY Almost Ran Out of Natural Gas Last December
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Market Snapshot: Monday, December 5, 2023
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Expect pleasant weather across the northern United States with a mix of rain and snow, bringing mild to slightly cool temperatures from the mid-30s to 50s. In the southern U.S., it’s mainly looking dry and comfortable, with highs in the 50s to 70s and locally reaching the 80s. The national en...
Market Snapshot for Monday, Nov. 20, 2023
NATURAL GAS HEADLINES: As expected, the market reacted strongly to last Thursday’s two-week storage report. However, the news was good for those looking to finalize their energy agreements. The final total for the two weeks was a +60 Bcf INJECTION, which sent the gas market tumbling and brought the prompt month below $3.00. The Henry Hub is...
Market Snapshot: Tuesday, November 14, 2023
WEATHER HIGHLIGHTS: As projected, natural gas prices have fallen in the last week, with prompt-month pricing falling almost below $3.00. Since the start of November, natural gas prices have lost $0.60 from $3.62 to $3.018 on Friday. This drop coincided with a change in the weather forecast, which called for milder temperatures than initiall...