Since August 1st we have seen a big run up in natural gas futures pricing (see attached) for a variety of reasons: the U.S. continues to export record volume of natural gas overseas; lower than normal storage gas levels heading into winter; warmer-than-normal temperatures forecast through September; and slow recovery of production and processing of […]
Happy Thanksgiving and a Quick Energy Pricing Update
November’s cold weather triggered natural gas (futures) price spikes this month resulting in gains as much as 48% at its peak. Trading volume hit an all-time high of 1.2 million contracts on Wednesday, November 14th. All this action primarily due to short covering, lower than normal gas storage levels (-16.6% yr. ago, -18.6% 5-yr. avg.) […]
November 2018 Electricity and Natural Gas Update
Despite record natural gas production this summer, we began the official winter heating season (November 1st) with gas storage inventories at their lowest level in 15 years. Hot summer weather, liquefied natural gas demand, exports and increased industrial usage have resulted in lower-than-anticipated inventories. NYMEX futures pricing. While long term outlook for natural gas pricing […]
September 2018 Electricity and Natural Gas Update
You’ll note NYMEX futures pricing remains virtually unchanged over last nine months, no problem. With summer coming to an end and winter heating season not too far away, we need to look at level of gas in storage come November 1st which is “unofficial” start of the heating season. NYMEX futures pricing Current storage level […]
April 2018 Electricity and Natural Gas Update
Since last contacting all of you in February, my message remains the same: lock in your rates through at least 2021, preferably 2022. Excellent long term fixed rates are available and must be taken advantage of before they’re gone. And they will disappear. Often I have mentioned (warned) my concern for price spikes during winter […]
Our recommendation
Over the years I have tried my best to help manage your electricity and natural gas supply costs. Utilizing multiple suppliers, our goal is to lock in supply costs at favorable rates, for specific timeframes, based on commodity pricing and other factors such as weather forecasts, production and generation levels and personal experience in the […]
February 2018 Electricity and Natural Gas Update
In addition to the regular attachment there is a reprint of the December 7, 2017 message to our clients. Please take time to review as it remains the message today. Over the years l have tried my best to help manage your electricity and natural gas supply costs. Utilizing multiple suppliers, our goal is to […]
January 2018 Electricity and Natural Gas Update
Today is last business/trading day of 2017 and to summarize the year: no surprises, stable pricing. A significant factor has been lack of “real winter temperatures” in the Northeast along with robust gas production. As we end 2017 and begin 2018 we’re experiencing direct opposite, specifically, “real winter temperatures” not seen since Jan-Feb-March 2014. There […]
December 2017 Energy Update – Significant Upside Potential
Over the years we have tried our best to help you manage your electricity and natural gas supply costs. Utilizing multiple suppliers, our goal is to lock in your supply costs at favorable rates, for specific timeframes, based on commodity pricing and other factors such as weather forecasts, production and generation levels and personal experience […]
July 2016 Electricity and Natural Gas Updates
Natural gas futures moved higher in June and to date are moving bit lower in July. Current futures pricing mirrors year ago pricing. Current level of gas in storage is 3.14 trillion cubic feet (tcf) which is easily higher than last year at this time (2.64 tcf). Recall how hitting 3 tcf by November 1st […]