6-10 DAY AND 8-14 DAY WEATHER OUTLOOK Weather News: The oppressive heat in the west brought record temperatures in the southwest and central California. The heat will level off, but higher temperatures still extend from the Canadian border to the Mexican border and will become more widespread. The El Nino to the west of Baja…
EIA: WEEKLY NATURAL GAS STORAGE Why This Weekly Natural Gas Chart Is Import: Understanding the Natural Gas Storage ReportThe Natural Gas Storage Indicator measures working gas, the volume of gas in a reservoir above a specified base level, and the amount of gas available for sale to the marketplace. The EIA report shows gas inventories…
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK An active pattern continues this week as weather systems track across the US with showers, thunderstorms, and comfortable highs of 60s to 80s for light demand besides the Southwest, Texas, the South, and Florida, where a hot ridge will result in highs of 90s to locally 100s for…
US WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK For the next 6-10 days, we will see warmer weather than average in the North and cooler than typical weather than average in the South. This could temporarily lower demand as cooler temperatures in the South will lead to less AC usage, and warmer temperatures in the…
WEATHER: COOLER TEMPERATURES MOVING THROUGH A cold front is moving through the US, bringing cooler temperatures and higher demand, which could explain our high electricity rates. However, it is not expected to be a strong cold front and could give way to warm tropical air pushing up through Florida and Texas. HIGH PRODUCTION AND MILD…
NATURAL GAS CONTINUES TO BE PRICED BELOW FUTURE YEARS What Is Henry Hub?Henry Hub is a natural gas pipeline located in Erath, Louisiana that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). NATURAL GAS STORAGE REPORT The Freeport facility has final approval to process liquid natural gas…
NATURAL GAS IS STILL LOW, BUT WARNING SIGNS ARE ON THE HORIZON SUPPLY IS UP, BUT SO IS DEMAND. FirstEnergy Auction Results Almost Double FirstEnergy announced the results of its final three auctions last week. The final auction had five winning bidders and settled at $83.75. Along with the October 2022 auction at 122.20 and…
WEATHER: NEAR NORMAL TEMPERATURES THROUGH MID-MARCH HAVE WE HIT THE BOTTOM OF THE NATURAL GAS MARKET? NATURAL GAS MARKET PRICES CREEP HIGHER DESPITE GOOD STORAGE NUMBERS. EIA: NATURAL GAS STORAGE REPORT Electricity: PJM BGE HUB FORWARD POWER PRICING Electricity: PJM AD HUB PRICING 2023 Electricity, which usually runs parallel to Natural Gas in market movement,…
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