Generation

Henry Hub to Average $3.10 This Year, $3.45 in 2018, EIA Forecasts

Henry Hub to Average $3.10 This Year, $3.45 in 2018, EIA Forecasts

The Energy Information Administration’s estimated 2017 average Henry Hub spot price, which had tumbled 12% in the agency’s March Short-Term Energy Outlook (STEO), took an upturn in the April report, rising to $3.10/MMBtu, a 2.2% increase compared with the previous forecast.

April 11, 2017
EIA Sees Henry Hub Averaging $3.10 This Year, $3.45 in 2018

EIA Sees Henry Hub Averaging $3.10 This Year, $3.45 in 2018

The Energy Information Administration’s estimated 2017 average Henry Hub spot price, which had tumbled 12% in the agency’s March Short-Term Energy Outlook (STEO), took an upturn in the April report, rising to $3.10/MMBtu, a 2.2% increase compared with the previous forecast.

April 11, 2017

‘Trend Is Still Up,’ Traders Say; May Called 4 Cents Higher

May natural gas is expected to open 4 cents higher Friday morning at $3.23 as traders adjust their forecasts to accommodate incremental heating. Overnight oil markets eased.

March 31, 2017

Oregon Coal Plant Closure Problematic For Planners, PGE CEO Says

More natural gas-fired power generation could be part of the future energy mix in Oregon, but it is not being swallowed easily by some stakeholders as they wrestle with what to do to replace a major coal-fired plant that is set to close in 2020, Portland General Electric (PGE) CEO Jim Piro said Friday.

February 21, 2017

Nixing Pipelines Pinches Power Generation, Economy, Lobby Group Says

The Consumer Energy Alliance (CEA), which is backed by a number of energy industry companies, released a report that says rejection of new pipeline infrastructure imperils U.S. power generating capacity, “…dangerously raising electric rates nationwide…”

January 17, 2017

Traders Mull Milder Weather, Longer-Term Bullish Factors; February Called 2 Cents Lower

February natural gas is set to open 2 cents lower Friday morning at $3.37 as traders incorporate milder weather into their forecasts but at the same time acknowledge bullish undercurrents. Overnight oil markets eased.

January 13, 2017

DOE: Energy Workforce Migrating From The Mine to The Patch

The coal mining workforce has declined since 2009, but employment in the nation’s oil and natural gas extraction industry — including support services — grew by 6%, from 369,691 workers to 392,869 total jobs, according to a new report from the U.S. Department of Energy (DOE).

January 13, 2017

Economy Driving Higher Power Demand in Texas, ERCOT Says

Texas power demand is increasing faster than previously thought, according to a new report from the Electric Reliability Council of Texas (ERCOT), which operates most of the state’s power grid. Texas gets more than half of its power from natural gas-fueled generation.

December 16, 2016
Coal May Overtake NatGas For Power Gen This Winter, EIA Says

Coal May Overtake NatGas For Power Gen This Winter, EIA Says

Coal could beat natural gas on prices and reclaim its spot this winter as the most-used fuel for U.S. electric generation, according to a brief published Friday by the Energy Information Administration (EIA).

November 18, 2016

Traders Mull Market’s Next Move; November Called Flat

November natural gas is set to open unchanged Friday morning at $3.34 as traders consolidate positions before the weekend. Overnight oil markets were mixed.

October 14, 2016