Summer

European, Asian Natural Gas Prices Rally as Market Continues Tightening — LNG Recap

European, Asian Natural Gas Prices Rally as Market Continues Tightening — LNG Recap

Natural gas prices in Europe and Asia are moving higher as the market has continued to tighten in a trend that’s setting the stage for a  bullish summer for liquefied natural gas (LNG) exports.  Both the prompt Title Transfer Facility (TTF) and National Balancing Point contracts jumped above $7/MMBtu last week, while Japan-Korea Marker (JKM)…

April 20, 2021
California Regulators Push Utilities to Bolster Summer Grid Reliability

California Regulators Push Utilities to Bolster Summer Grid Reliability

In an attempt to avoid a repeat of last summer’s rolling blackouts, California regulators have proposed a set of actions by the power utilities to add grid safety and reliability. The California Public Utilities Commission (CPUC) proposal addresses added efforts to shave demand in peak load periods of summer heat. Earlier the CPUC had ordered…

March 10, 2021
After Historic Winter, Texas on Track for Near-Record Summer Heat

After Historic Winter, Texas on Track for Near-Record Summer Heat

From the Arctic to the Sahara, Texas is expected to experience quite the swing in temperatures this year. A preliminary summer forecast issued by WeatherBell Analytics LLC is projecting a hot summer centered in the Lone Star State. “Our summer outlook calls for above-normal temperatures for most of North America,” said chief forecaster Joe Bastardi.…

March 5, 2021
Moderately Cooler Forecasts Enough to Drive Down August Natural Gas Futures

Moderately Cooler Forecasts Enough to Drive Down August Natural Gas Futures

Though intense heat remains in the cards for the balance of summer, near-term forecasts shifted cooler over the weekend Analysts said still-strong summer temperatures should continue to drive exceptional levels of cooling demand Weak liquefied natural gas demand remains a stubborn headwind Though intense heat remains in the cards for the balance of summer, near-term…

July 14, 2020
U.S. Electricity Demand This Summer to Be Lowest Since 2009, Says EIA

U.S. Electricity Demand This Summer to Be Lowest Since 2009, Says EIA

U.S. electricity demand is expected to total 998 billion kilowatt hours (kWh) between June and August, a 5% decline compared with the same period last year and the lowest level of summer electricity consumption the country has experienced since 2009, according to the Energy Information Administration (EIA).

June 10, 2020
Northeast Forecast to Meet Power Demand Under Summer’s Hottest Scenarios

Northeast Forecast to Meet Power Demand Under Summer’s Hottest Scenarios

Electric grid operators in the Northeast will have no problem meeting summer demand even in the most extreme weather conditions as new supplies, including natural gas-oil generation plants, and demand-response resources enter service.

May 20, 2019
Summer Preview: South Central Region Sending Natural Gas Into Uncharted Waters This Injection Season

Summer Preview: South Central Region Sending Natural Gas Into Uncharted Waters This Injection Season

Perhaps more than ever, all eyes will be on the South Central region for natural gas markets this summer as robust associated production from oil wells and a projected doubling of natural gas exports will propel the market into uncharted waters. Factor in the need to refill historically low storage inventories and the potential for a major storm to hit the Gulf Coast, and the market is ripe for significant — though likely brief — price volatility.

April 23, 2019

Weather, Storage Bulls Stirring; June Called 2 Cents Higher

June natural gas is set to open 2 cents higher Wednesday morning at $3.25 as traders study weather forecasts calling for concerted summer heat as well as Thursday’s anticipated lean inventory report. Overnight oil markets rose.

May 17, 2017

Tight Market to Lift Henry Hub Prices This Summer, Cut Into Power Burn, PointLogic Says

Henry Hub prices could see upward pressure later this summer as the current supply/demand balance erodes a roughly 300 Bcf storage surplus to the five-year average by August, according to analyst firm PointLogic Energy.

May 5, 2017

ERCOT Foresees Adequate Power For Spring, Summer

The Electric Reliability Council of Texas (ERCOT) should have enough generating capacity to meet expected power demand this spring and summer, the grid operator said Wednesday.

March 2, 2017
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