January 2021
RD Energy Stay Current Newsletter: January 2021. We Thought 2020 Was Bad
Key Wholesale Drivers Shrinking year over year U.S. natural gas storage surplus Higher year over year Canadian natural gas imports Record breaking LNG exports Extreme cold in Asia and Europe Commentary As excited as we all were about leaving the year 2020, natural gas and electric prices in 2021 could easily turn into one …
RD Energy Stay Current Newsletter: January 2021. We Thought 2020 Was Bad Read More »
RD Energy’s Stay Current: December 2020
Key Drivers The falling of the year-over-year natural gas storage surplus Third warmest November in the past 70 years LNG exports hitting new record high level U.S natural gas supply production dropping back to 2018 levels What oil and natural gas price will stimulate investment in new drilling? Natural gas prices is the key …
RD Energy’s Stay Current: November 2020
Key Drivers The natural gas storage surplus has dropped by about 50% since August Current U.S natural gas production levels have dropped to 2018 levels Flat oil prices expected through 2021 will keep new oil and gas drilling minimal LNG exports have increased nearly every week matching or beating all time export numbers Recent earnings …
RD Energy’s Stay Current: October 2020
Key Drivers U.S. Natural gas storage is still running ahead of this time last year (up 14%) as well as ahead of the past 5 year average (up 12%) Multiple LNG terminals still off-line from Hurricane Laura weakening short term daily spot prices Rising global demand for LNG with winter nearing and more than a …
RD Energy’s Stay Current: September 2020
Key Drivers Natural gas NYMEX closed in late August for September delivery at $2.579/MMBTU up $.725/MMBTU from the month before Traders are pricing into their trading models either a major natural gas supply shortage this winter or a surge in natural gas demand or both. LNG Export terminals suffered very little to no damage from …
