TPI Takeaway WARMER TEMPERATURES COAST TO COAST WILL RESULT IN HIGHER DEMAND Despite the drop in Natural Gas which has historically been a massive driver of electricity prices, the cost of electricity continues to rise. This is primarily due to extreme temperatures and demand from coast to coast. This summer is predicted to be a…
RECORD HEAT CONTINUES THROUGH THE PLAINS STATES AND TEXAS Even with 1/6th to 1/7th of exports off the board, record heat in the South and in the Plains states continues to drive pricing. Cooling demand is here and here to stay for the next few months. EXPLOSION AT FREEPORT LNG FACILITY SENDS MARKET TUMBLING FREEPORT…
TPI Takeaway WARMER TEMPS FROM THE SOUTH WILL MEAN MORE COOLING DEGREE DAYS Warmer weather will increase the amount of demand for Natural Gas as air conditioners turn on all over the country. This higher demand could push the market above $9.00 this week. MARKET BOUNCES IN MID $8.00 RANGE, AND WILL LIKELY MOVE HIGHER…
Natural Gas WINTER 22-23 WORRIES CONTINUE TO PRESSURE THE MARKET UPWARDS NO RELIEF IN SIGHT. Worries about the lack of injections and possible storage shortages for next winter kept the Natural Gas price hovering near $8.00 for the week. Increased LNG exports will make up the bulk of increased demand in 2022, keeping pricing high…
EIA PROJECTS ABOVE $8.00 PER MMBTU FOR THE 2ND HALF OF 2022 PRICES WILL HURT UNTIL SPRING 2023. The EIA is projecting that average pricing will be $7.83 in 2Q 2022 and will average $8.59 in the second half of 2022 Pricing in 2023 will average $4.74 once production begins to catch up to demand.…
Natural Gas: STORAGE WORRIES FOR NEXT WINTER CONTINUE TO INFLATE MARKET SOME RELIEF MAY BE ON THE WAY. Worries about Natural Gas Storage for Winter ‘22-’23 sent the market peaking above $9.00 last week, ever closer to a record high of $15.78 in December 2005 and the highest since 2008. The outlook does not look…
Weather: AVERAGE TEMPERATURES THROUGHOUT AS THE AVERAGE TEMP RISES. We can look forward to milder weather, with the last of the sub-freezing cold fronts hopefully past. Unfortunately, the late start to warmer temperatures has kept heating demand high, adding to our supply woes that are the worst since at least 2018. WHAT GOES UP MUST…
Energy News: E.U. Recommends Russian Ban The E.U. recommends a complete oil, gas, and coal ban on Russian energy. This recommendation carries no official weight, and, so far, only Russian coal has been sanctioned. But this recommendation is another step closer to Europe banning all Russian energy over the Ukraine invasion. The U.S. will have…