Colder weather and increased demand will place slight upward pressure on natural gas prices compared to last winter, the Natural Gas Supply Association (NGSA) said last Thursday in its 24th annual Winter Outlook forecast of the wholesale winter natural gas market. NGSA also projected higher-than-average storage, record production and supply, and modest GDP growth this…
Read More...U.S. natural gas and power prices hit multi-year highs in mid-January with the prospect of frigid temps and snow storms in various portions of the country (see NatGas Prices Make Huge Jump on Deep Freeze – Some M-U Prices 4X). The NYMEX Henry Hub futures price hit $3.31/MMBtu just three weeks ago. A week later,…
Read More...U.S. natural gas and power prices hit multi-year highs on Friday with the prospect of frigid temps and snow storms in various portions of the country. The extreme cold was expected to bring record gas demand and cut supplies by freezing wells. The spot price of natural gas at various trading hubs from the West…
Read More...The commodity price for natural gas, as expressed by the NYMEX Henry Hub futures contract (for January), fell 10.5% in early trading yesterday before finally closing at $2.43/MMBtu, down 15 cents (6.17%) from the previous day. Why the big drop when prices are already low? Lack of demand due to warm weather. In fact, according…
Read More...Less than a year ago, the Northeast experienced a major winter storm at Christmastime (Winter Storm Elliott). Do you remember it? On Dec. 23, temps in places like the Lehigh Valley of Pennsylvania hit 60 degrees! Within 12 hours, the bottom dropped out, with temps plunging into the single digits—a more than 50-degree change. Dec….
Read More...Weather Isn’t Climate and Climate Isn’t Weather! Roger Caiazza (on the subject of) Independent Researcher and Publisher, Pragmatic Environmentalist of New York … [Editor’s Note: Climate advocates are constantly utilizing weather, rather than science, to rationalize their essentially political positions regarding global warming.] A couple of articles came to my attention recently that exemplify
Read More...Hurricane Idalia made landfall in the “big bend” region of Florida on the morning of Aug. 30 as a Category 3 storm, then lost speed as it crossed the state, downgrading to a Category 1 as it pushed into Georgia, knocking out power to hundreds of thousands of customers and reducing power and natural gas…
Read More...Hawaii Fires Are No Excuse for Climate Emergency Power Play James Steele Biologist and Member of CO2 Coalition.. .… … … [Editor’s Note: The Hawaii fires that have caused so distress are already being blamed on global warming and used as a climate emergency power play, but facts say otherwise.] The Maui fire would have
Read More...Media Fearmongering Over Climate Is Outrageous Vijay Jayaraj Research Associate: CO2 Coalition.. .… … … [Editor’s Note: Our media is hyping weather events to fear-monger over climate and it’s both outrageous and irresponsible, little more than a corporatist con game game.] In an era of sensationalism and clickbait headlines, the media’s portrayal of hot weather
Read More...Long-range forecasts for hot weather and a lighter-than-predicted storage report for natural gas led to a 6% spike up in the price of the NYMEX Henry Hub yesterday, closing at $2.76/MMBtu. The National Weather Service released modeling yesterday that shows hot temps will get hotter for the end of July and the beginning of August….
Read More...The Henry Hub price of natural gas (even physically traded spot prices around the country) are ever-so-gradually moving higher. Yes, we’re cheerleaders for higher natgas prices! (Not too high, but certainly higher than the current $2-$3 range.) Even though we’re pro-gas and cheerleaders for higher prices (we openly admit our bias), we’re also realists, and…
Read More...U.S. natural gas demand is on track to hit record lows in January if unseasonably warm weather sticks around, according… Continue reading The post US NatGas on Track for Record Low Demand in January first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...The NYMEX Henry Hub price for natural gas is once again in freefall. Over the four previous trading sessions, the… Continue reading The post NatGas Price in Freefall Due to Warm Weather – Prospects for 2023 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...The Marcellus/Utica is THE number one natural gas-producing region in the country–by far. Much of the country, including the M-U,… Continue reading The post Big Winter Storm Hits M-U Production, Down 27% from Average first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...While the commodity price of natural gas has always drifted up and down, we can’t remember a time (in our… Continue reading The post Bottom Drops Out of Natural Gas Price as Weather Forecast Warms first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
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