Energy Market Snapshot: April 8, 2024
NATURAL GAS PRODUCTION The Natural Gas market is undergoing a significant transformation, with drillers scaling back production. This has resulted in a consistent 4-5 weeks of production declines, culminating in
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Energy Market Snapshot: April 1, 2024
NATURAL GAS STORAGE We are now in the injection season with a substantial +669 Bcf surplus over the five-year average. This surplus and robust oil production numbers will likely keep
Energy Market Snapshot: March 11, 2024
NATURAL GAS STORAGE The weather continues to be historically mild, with only occasional upticks that get erased quickly. There is no guarantee that next winter will continue to have record-breaking
Energy Market Snapshot: March 4, 2024
NATURAL GAS PRODUCTION Gas Production continues to remain strong at 104 Bcf/d. This could result from Chesapeake Energy’s cutback in production, but that production slowdown is expected to take a
Energy Market Snapshot: Feb 26, 2024
EIA NATURAL GAS STORAGE REPORT Only about five weeks are left in injection season, and we have solid storage numbers with a supply level of more than 22% over the
Energy Market Snapshot: Feb. 19, 2024
NATURAL GAS STORAGE The EIA reported a withdrawal of 49 Bcf out of underground storage for the week ending February 9, 2024, vs. an estimated withdrawal of 71 Bcf. Inventories
Energy Market Snapshot: Feb. 12, 2024
NATURAL GAS: NYMEX CALENDAR STRIPS The cost of Natural Gas continues to drop over the 12 months, and injection season is just around the corner on April 1st. We have
Energy Market Snapshot: Week of Feb. 5, 2024
EIA: NATURAL GAS STORAGE REPORT With the cost of natural gas climbing due to the added cost of gas from the Middle East, US LNG producers are maxing out the
Energy Market Snapshot: Jan 29, 2023
EIA: NATURAL GAS STORAGE REPORT Winter Storm Heather that crossed the USA over the last few weeks significantly increased the demand for gas and electricity, and the freezing temperatures put
Energy Market Snapshot: Week of Jan 22, 2024
6-10 DAY AND 8-14 DAY OUTLOOK A warmer weather pattern will gain ground over the US next week with highs of 30s to 50s over the northern US and 50s
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
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
Energy Market Snapshot: Dec. 27, 2024
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,
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
Energy Market Snapshot: Monday, Dec 11, 2023
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK From December 11 to 17, weather systems will move across the western and eastern parts of the United States, bringing rain and snow.