Heating

The 2021-2022 winter home heating season will likely be “significantly more expensive” than last year, the Pennsylvania Public Utility Commission (PUC) recently reported. Citing a recent Energy Association of Pennsylvania (EAP) readiness report, PUC noted that home heating consumption is “likely to increase due to forecasts of colder weather, combined with a rise in natural…

In a major step toward eventual electrification, the California Energy Commission (CEC) on Wednesday proposed limiting the use of natural gas in new and remodeled buildings beginning in 2023. The standards still need approval by the California Building Standards Commission, which is scheduled to take up the issue in December. “The impact of climate change…

The natural gas supply glut in the United States may have sunk commodity prices and put the squeeze on producers, but it’s likely to continue to benefit consumer pocketbooks this winter, according to the Energy Information Administration (EIA).

November natural gas is expected to open a penny higher Monday morning at $2.87 as weather data shows both lowered heating and increased cooling load near term. Overnight oil markets eased.

April natural gas is expected to open 4 cents higher Tuesday morning at $3.08 as traders are expected to focus less on near-term weather and more on broader market issues. Overnight oil markets rose.

March natural gas is set to open 3 cents higher Wednesday morning at $2.59 as traders reconcile a modest loss in heating demand with deeply oversold market conditions. Overnight oil markets fell.

Both natural gas cash and futures markets rocketed higher Monday as more deferred weather forecasts turned sharply colder. Only a single point followed by NGI was unchanged, and all other locations were deep into double-digit gains.

Prices for residential heating oil and propane are similar to the low prices customers enjoyed during the last winter season, according to the U.S. Energy Information Administration (EIA).

November natural gas is set to open 3 cents lower Wednesday morning at $3.21 as traders start to tally what looks to be a sub-par level of heating demand in the near term. Overnight oil markets inched higher.