EIA: WEEKLY NATURAL GAS STORAGE Our gas injections continue to be weak this summer, and we will still be lucky to have a surplus by the end of withdrawal season starting in November. Our surplus over the 5-year average, at one time over 17%, is now down to 5.1%. The excess over last year has…
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…
ALL ABOUT THE NATURAL GAS MARKET: NATURAL GAS: HIGH DEMAND The higher gas demand is coming from three places. The gas price in 2023 and 2024 has begun to dip just a bit (though it did go up last week), but further out, we are seeing pricing trend upwards in 2026, 2027, and 2028. This…
EIA: U.S. ELECTRICITY GENERATION BY SOURCE 2018-2024 If you look at the sources of electricity supply, natural gas, coal, and nuclear may have a clear lead, but if you add wind and solar together and then break them down ‘other‘ you find out that renewables are probably in second place as other also accounts for…
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK The intense heat we have seen in the South and up through the Plains States will ease up in the next 10-16 days, with more normal temperatures forecast. This cooler forecast may account for the eleven-cent drop in prompt month gas pricing on the Henry Hub NYMEX over…
The latest TPI Market Snapshot shares PJM Grid Peak Demand Alerts and the latest energy headlines and market conditions. Peak Demand Days Expected This Week There is a High Threat of setting one of the five highest peak demand days today (Monday, August 21). Today’s forecasted peak demand is 139,415 MW during hour ending 18.…
Natural Gas: EIA WEEKLY NATURAL GAS STORAGE REPORT Keep an eye on the gas storage report. While we still have a surplus of natural gas compared to the five-year average, especially last year, the recent injections have been smaller than in the past, and the surplus is shrinking. This is a sign that demand continues…
US Weather: 6-10 DAY AND 8-14 DAY OUTLOOK Energy Demand: ABOUT LAST WEEK’S PEAK DEMAND ALERTS EIA: WEEKLY GAS STORAGE The Natural Gas Market took a bit of a dip on Wednesday, falling from its weeklong high of $2.755 and down more than ten cents to $2.642. This dip was prompted by weather forecasts calling…
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