SUMMER TEMPS REMAIN HIGH INTO MID-SEPTEMBER Weather remains in the 80s – 90s in the South and Southwest. These temperatures are a break from the triple-digit weather they have seen much of the summer. In addition, with milder temperatures in the Great Lakes and Northeast, national demand has declined, helping our storage numbers. VOLATILITY CONTINUED…
WEATHER UPDATE: WARMER TEMPERATURES COVERING MOST OF THE US In an era of persistent demand and hot summers, pricing is expected to remain high. Especially as July came in as the third hottest on record. Experts predict the supply concerns and increased demand for LNG could eventually drive pricing up this winter past $13.00 With…
WE’RE BACK TO HIGHER-THAN-NORMAL TEMPS ACROSS THE US In an era of persistent demand and hot summers, pricing is expected to remain high. Especially as July came in as the third hottest on record. Experts predict the supply concerns and increased demand for LNG could eventually drive pricing up this winter past $13.00 OCTOBER RE-OPENING…
LOW STORAGE REPORT AND PRODUCTION MAINTENANCE SENDS THE MARKET HIGHER INCONSISTENT PRODUCTION KEEPS THE PRICING HIGH The market jumped more than a dollar last week as production cutbacks interrupted day-to-day production. As a result, the market moved more than a dollar from Tuesday to Friday. The South and Midwest see cooler temperatures, but much higher…
Market Snapshot Weather Forecast MIDDLE AMERICA GETS SOME RELIEF While this summer had brought record heat to many parts of the U.S., this may be the new normal. Temperatures have increased by 1.7 degrees Celsius (almost three degrees Fahrenheit) since 1970. The atmosphere can store about 7 percent more water for every degree Celsius. This…
THE NATION IS STILL IN THE GRIPS OF A HEAT WAVE 2022 has seemed like one heat wave after another, but so far, it only ranks as the sixth hottest year on record, with 2021 being the hottest year. If the heat waves continue, we could see 2022 become the hottest summer on record. FYI,…
THE NATION IS STILL IN THE GRIPS OF A HEAT WAVE HEAT CONTINUES TO PUSH THE MARKET UPWARDS 2022 has seemed like one heat wave after another, but so far, it only ranks as the sixth hottest year on record, with 2021 being the hottest year. If the heat waves continue, we could see 2022…
Natural Gas VOLATILITY IS STILL THE KEYWORD MARKET JUMPS 83 CENTS ON SMALL STORAGE REPORT The market jumped 83 cents on Thursday on news of a smaller-than-expected storage report that continued worries about our storage situation going into Winter ’22. The closing of the Freeport LNG facility has spooked investors as we are more than…
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