April 2019 Energy Update Key Drivers The United States natural gas storage deficit at the end winter 2019 Unlike 2018 will the natural gas storage deficit quickly disappear this spring? Spring’s natural gas production surplus over natural gas spring demand When will higher natural gas demand show up to lower the production surplus? Commentary At first glance …
March 2019 Energy Update Key Drivers Record breaking U.S. natural gas production Record breaking U.S. natural gas demand Abnormally cold beginning to March End of the storage season deficit Commentary It’s entertaining to watch the wholesale energy traders shift their buy/sell positions every time the temperature forecasts change from one Friday to the following Monday. …
February 2019 Energy Update Key Data January 2019 NYMEX closed at $3.642/MMBT. February recently closed at $2.95/MMBTU March – October 2018 NYMEX averaged $2.845/MMBTU. March – October 2 019 is trading at an average of $2.893/MMBTU NYMEX calendar 2020 is trading at an average of $2.769/MMBTU. NYMEX calendar 2021 is trading at an average of $2.64/MMBTU …
January 2019 Energy Update Key Drivers November – colder than normal temperatures December- warmer than normal temperatures January- updated forecasts to warmer than normal Storage deficit- 19% lower than year ago and 5 year average levels Commentary In mid-December both American and European weather models were confident that the colder than normal November was going to …
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