Summer

Summer prices over the last month have risen considerably in California amid growing concerns of a hot summer, the likely absence of key storage and a rapidly deteriorating hydro situation, an NGI’s Forward Lookanalysis shows.

Summer prices over the last month have risen considerably in California amid growing concerns of a hot summer, the likely absence of key storage and a rapidly deteriorating hydro situation, an NGI’s Forward Lookanalysis shows.

Summer prices over the last month have risen considerably in California amid growing concerns of a hot summer, the likely absence of key storage and a rapidly deteriorating hydro situation, an NGI’s Forward Lookanalysis shows.

April natural gas is set to open 4 cents lower Monday morning at $1.77 as weather outlooks continue to trend less toward less constructive, but risk managers are keeping their eye out for above-average temperatures this summer. Overnight oil markets rose.

The U.S. natural gas market appears to be evolving beyond the regional redefinitions, as summer demand continues to provide more parity to the winter markets.

The combined impact of weather, economic growth, customer demand, storage inventories and production activity will put downward pressure on natural gas prices this summer, but both production and demand are likely to set records, according to the Natural Gas Supply Association (NGSA).

The combined impact of weather, economic growth, customer demand, storage inventories and production activity will put downward pressure…

Thanks to a strong El Nino event that is expected to sweep the United States this summer and ward off significant heat waves in key population centers, the demand for air conditioning is expected to be on the low side, which in turn will keep pressure off of natural gas supplies, according to Weather Services International (WSI) and ESAI Power LLC.

Thanks to a strong El Nino event that is expected to sweep the United States this summer and ward off significant heat waves in key population centers, the demand for air conditioning is expected to be on the low side, which in turn will keep pressure off of natural gas supplies, according to Weather Services International (WSI) and ESAI Power LLC.