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Ecom-Energy’s June 2019 Natural Gas Market Update
In California, consider hedging through summer and winter seasons. Otherwise, look for price stabilization and opportunities for mixed Index/fixed strategies.
In California, consider hedging through summer and winter seasons. Otherwise, look for price stabilization and opportunities for mixed Index/fixed strategies.
National energy markets remain stable thanks to ample supply and peak production expected; California remains the exception.
After record demand caused by wild weather, the warming spring months promise a bit of reprieve as demand and supply move toward equilibrium. For now, upward pricing pressures are moderated by production quantities.
After record demand caused by wild weather, the warming spring months promise a bit of reprieve as demand and supply move toward equilibrium. For now, upward pricing pressures are moderated by production quantities.
February’s Polar Vortex proved no match for U.S. Natural Gas, with prices falling and production hitting an all-time high. The unexpected outcome illustrates the broader volatility affecting the 2018-2019 winter season.
The new year offers weather-driven price volatility and lower-than-normal storage figures.
A perfect storm of 15-year low inventories and cold temperatures have created price rallies that hit four-year highs – all while production records continue to be hit.
Despite low storage levels, the EIA expects strong growth in U.S. natural gas production to put downward pressure on prices in 2019. Meanwhile, a warm winter forecast through the New Year is keeping price hikes at bay in the short term.