As California utilities prepare their systems for upcoming summer demand, hydro-electric generation and other renewable resources remain important tools in the state’s energy resource toolbox. However, natural gas is crucial to the stabilization of the power grid, particularly during extreme events, according to state regulators. The California Energy Commission (CEC) is anticipating more robust hydro…
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Natural Gas Futures, Cash Slump as Cooling Demand Outlook Weakens
Natural gas futures and cash prices slumped Wednesday as easing weather-driven demand expectations cooled a market leaning on late-summer heat to whittle away at a healthy supply cushion. At A Glance: Weather models cool for late August Storage surplus seen tightening West markets lead cash decreases Coast-to-coast cash losses saw NGI’s Spot Gas National Avg.…
August 16, 2023
Bolstered by Lofty Storage Withdrawal Expectations, Natural Gas Futures Prices Notch First Gain of 2023
Natural gas futures found fresh footing in positive territory Wednesday, marking the first gain of 2023, amid estimates for a massive storage withdrawal report. At A Glance: Near-term weather favorable for bulls Analysts see triple-digit storage pull Outlook shows heating demand fading After dropping 48.7 cents in the previous session and closing below $4.00, the…
January 4, 2023
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