Recent NYMEX activity is typical for month of May as heating season is behind us and summer cooling season is upon us. Storage injections for next winter’s use are healthy with no major concerns for ample storage by November 1st. This is always tempered by level of summer cooling demand and increased consumption of electricity (supplied by […]
September 2017 Electricity and Natural Gas Update
Labor Day is here, officially signaling onset of Fall and more scrutiny on winter weather forecasts for the Northeast. Numerous predictions, including the well-known Farmers Almanac (think what you may) are calling for a cold and snowy winter in the Northeast. As stated repeatedly in previous posts, now is the time to look at locking […]
May 2016 Electricity and Natural Gas Update
Energy futures pricing continues to be “low and range bound” however, we’re coming into summer heat season as well as forecasting for hurricane activity in the Gulf of Mexico. Hot summer means potential for higher electricity and natural gas pricing; predictions for an active hurricane season also impact direction (higher) of energy prices. We’re in […]
June 2015 Electricity and Natural Gas Update
You’ll note virtually unchanged pricing since April 30th. First things first, below is latest information on gas in storage, per U.S. Energy Information Administration: NYMEX Henry Hub Natural Gas Wellhead Monthly Settlement Pricing To the point, there is plenty of gas, weekly injections are strong and come November 1st the amount of gas in storage […]
May 2015 Electricity & Natural Gas Update
Per the attached you’ll note virtually unchanged natural gas futures pricing during month of April. Robust gas production continues, keeping prices in check. Moving forward, it’s all about summer temperatures – if upcoming forecasts call for warmer-than-normal temperatures we could see higher pricing. Conversely, if normal or cooler-than-normal temperatures are forecast we may see lower […]