Key Drivers March 2023 forecasted to return to more normal and even below normal in the Midwest and Northeast Signs of life at the Freeport LNG facility as volumes begin to slowly come back online U.S producers slow drilling as natural gas and oil prices fall after raking in record breaking 2022 profits Commentary The enormous …
Key Drivers January temperatures averaged well above normal in the Midwest and Northeast February temperature forecasts are favoring a near repeat of January mild temperatures in Midwest and Northeast Fast growing year over year natural gas storage surplus Extremely high number of speculative traders selling NYMEX short pushing prices down Commentary The vast majority …
RD Energy Stay Current Newsletter: February 2023 Read More »
Want to listen to the update on our podcast? Click Here! As we enter 2023 we felt it was a great time to briefly look back at 2022 and note a few key events and price drivers of wholesale natural gas and wholesale electric and then look ahead at happenings and events that could shape …
RD Energy Stay Current Newsletter: January 2023- Past & Future Read More »
Key Drivers Short-term warm and cold temperature swings keeping prices volatile Long range weather models forecasting a deepening NOA (cold December) Increasing prices in Europe as winter arrives Freeport LNG facility coming back online in December Strong increase in NG production September – November Commentary Future price direction for both the natural gas and electric …
RD Energy December 2022: Stay Current Newsletter Read More »
Key Drivers Extreme warmth in the eastern half of the U.S. Week of November 11-17 shows extreme warmth ending Freeport, LA LNG facility – when will it come back online? Europe natural gas storage nearly full and warm weather persists The sizeable 2022 storage deficit versus 2021 will likely be eliminated Commentary If you …
RD Energy November 2022 Stay Current Newsletter – Price Volatility Rollercoaster Read More »
Key Drivers Highest U.S. Natural gas production since 2019 Lower domestic energy demand in the Fall season Electric demand destruction in FL from Hurricane Ian Sizable U.S. natural gas storage deficit reduction expected in October End of Season storage will still likely trail 5 year storage average and 2021 La Nino this coming winter for …
RD Energy Stay Current October 2022 Newsletter – Lower Price Optimism For Consumers Read More »
Key Driver & Startling Facts 3.4 TCF final storage expectation well below 4 TCF full capacity Very tight supply and demand NG balance in U.S, tilted heavily in demand’s favor Global NG demand pushing European prices above $90/MMBTU vs. $9.00/MMBTU in U.S. Electric prices in Europe now over $1000/MW vs. $115/MW in OH 20 million …
Key Drivers July was extremely hot this summer in the U.S. – very high consumption of NG in power generation U.S Natural gas storage deficit heading in the wrong direction. Looking to be the lowest deficit in many years. U.S. natural gas production is slowly increasing – will higher volumes hit the market before winter? …
RD Energy Stay Current Newsletter: August 2022 – No time To Panic! Read More »
Key Drivers Explosion at the Freeport LNG exporting facility in Texas The news that the repairs on the Freeport facility will take 90 days instead of 3 weeks Higher than expected weekly storage injections since the LNG facility was shut down 2 bcf/day of natural gas staying home in the US instead of being shipped …
Key Drivers Hot May Temperatures Summer expected to average above normal temperatures Natural gas storage 300 bcf behind 5 year average U.S. end of summer storage level expected to be near 3.4 TCF versus being full around 3.9 TCF Commentary June natural gas NYMEX traded strongly above $9.00 before settling at $8.908/MMBTU. Natural gas …
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