Summer

Natural Gas Bulls to Extend Parade Through Summer, Support $3.00 Prices, Analysts Say

Natural Gas Bulls to Extend Parade Through Summer, Support $3.00 Prices, Analysts Say

Robust needs for U.S. exports across Asia, Europe and Mexico – coupled with expectations for another sizzling summer domestically – could keep supply/demand balances tight and upward price pressure firmly in place this summer, industry experts said. The upbeat outlook developed across an LDC Gas Forums Southeast conference panel moderated Tuesday by NGI’s James Alston,…

June 9, 2021
PJM Forecasting Adequate Summer Power Supply as Other U.S. Grids More Stressed

PJM Forecasting Adequate Summer Power Supply as Other U.S. Grids More Stressed

PJM Interconnection, the largest U.S. power grid operator, is forecasting adequate supply to meet the electricity needs of its 65 million customers this summer. PJM, which serves 13 states and the District of Columbia, expects peak demand of about 149,000 MW this summer, but it has performed reliability studies at loads in excess of 155,000…

May 20, 2021
California Heat Drives Big Gains for Natural Gas Forward Prices; Exports Fueling Upside Risk for Futures

California Heat Drives Big Gains for Natural Gas Forward Prices; Exports Fueling Upside Risk for Futures

Though widespread summer heat keeps getting kicked down the road, natural gas forward prices strengthened for the trading period ending May 12 as export demand led markets higher. June forwards rose an average 4.0 cents, with similar gains seen through next winter (November 2021-March 2022), according to NGI’s Forward Look. Larger increases were seen in…

May 14, 2021
Pricier Natural Gas to Generate Less U.S. Power This Summer, EIA Says

Pricier Natural Gas to Generate Less U.S. Power This Summer, EIA Says

Coinciding with higher natural gas prices, the share of U.S. electricity generation powered by gas is set to decline this summer compared to last, the Energy Information Administration (EIA) said in research published this week. In its Summer Electricity Outlook, released as a supplement to the May Short-Term Energy Outlook, EIA said it expects natural…

May 12, 2021
Export Demand Driving Summer Optimism, but Storage Concerns Starting to Simmer

Export Demand Driving Summer Optimism, but Storage Concerns Starting to Simmer

Riding the momentum from rallying futures prices as the natural gas market begins to look optimistically toward summer, forwards firmed by the double digits throughout much of the Lower 48 during the April 22-28 trading week, NGI Forward Look data show. With continued strength in export volumes — via liquefied natural gas (LNG) and pipeline…

April 30, 2021
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
‹ Previous 1 2 3 26