Natural Gas Storage Report Withdrawal Season Week 17 (Week Ending February 22, 2019)

As withdrawal season approaches its final month, this week’s slightly bearish pull of 166 Bcf ended up being much larger than normal when compared to last year’s draw of 85 Bcf and the five-year average of 104 Bcf for the same time period. The reporting period had little to show for any notable fundamental news, but the first week of March is expected to bring some cold risks that will…

Natural Gas Storage Report Withdrawal Season Week 16 (Week Ending February 15, 2019)

Since November, the 2018/2019 withdrawal season has seen quite the range of prompt month NYMEX swings, but after sixteen weeks into the season, prices seem to have finally leveled out. The somewhat bullish draw of 177 Bcf was slightly larger than most market expectations and historical values (134 Bcf last year and 148 for the five-year average) but shouldn’t do much to move the needle today. That being said, a…

The Big Picture on Reducing CO2 Emissions

Before getting into a new report showing an uptick in energy-related carbon dioxide emissions last year, let’s make sure we keep an eye on the big picture as it concerns U.S. CO2. These points: U.S. CO2 emissions have fallen to their lowest level in a generation – even as global emissions have risen 50 percent since 1990. The leading reason for this favorable trendline is increased use of natural gas in power generation.…

Natural Gas Storage Report Withdrawal Season Week 15 (Week Ending February 8, 2019)

Natural Gas Storage Report  Withdrawal Season Week 15 (Week Ending February 8, 2019) After last week’s hefty 237 Bcf withdrawal, this week’s slightly bearish 78 Bcf pull managed to fall short of all market expectations, last year’s 183 Bcf draw, and the five-year average of 160 Bcf for the same time period. The aftermath of the short-lived polar vortex has indicated that supply over the reporting week was affected by freeze-offs…

Natural Gas Storage Report Withdrawal Season Week 14 (Week Ending February 1, 2019)

At first glance, this week’s mostly bearish withdrawal of 237 Bcf may seem imposing, but the abrupt end of the polar vortex that swept across the Midwest and parts of the Northeast during this reporting period was cause for the market to slope slowly downward. Warmer weather made itself known almost immediately after a couple of nearly record-setting cold shots in the previously mentioned regions, and the March-April spread on…

Energy Trends to Watch in 2019

The New Year has officially arrived, bringing with it exciting goals and predictions for the clean energy industry around the world. According to projected trends published by Forbes and the Open Energy Market, there are several key developments to look for in the upcoming year. Energy Management & Storage: As the demand for clean energy usage increases in 2019, effective energy management and storage will be essential for grid flexibility, the ability to balance…

Natural Gas Storage Report Withdrawal Season Week 13 (Week Ending January 25, 2019)

Week 13 of withdrawal season provided a fairly unremarkable and bearish pull of 173 Bcf, falling short of all market expectations but exceeding last year’s draw of 126 Bcf and the five-year average of 150 Bcf. Offsetting weather patterns (colder than normal in the Midwest and Northeast and warmer than normal in the West and Southeast) made for a somewhat more predictable withdrawal according to multiple market participants, but many…

Energy Newsletter: January 2019

Clean Water Agencies Propose to Redefine and Limit “Waters of the United States” – The United States EPA and the United States Army Corps of Engineers are proposing to redefine—and significantly limit—the scope of “Waters of the United States” (“WOTUS”) that are subject to federal jurisdiction under the Clean Water Act. Affected industries include land and infrastructure developers; linear projects such as roads, pipelines, and transmission lines; petroleum and chemical…

Natural Gas Storage Report Withdrawal Season Week 12 (Week Ending January 18, 2019)

This week’s mostly neutral withdrawal of 163 Bcf from storage came nowhere close to last year’s pull of 273 Bcf and the five-year average of 185 Bcf for the same time period. That being said, the continued pattern of lighter than projected draws over the past few weeks has resulted in current inventories finally surpassing last year’s working storage for the first time in months, but the five-year average still…

Natural Gas Storage Report Withdrawal Season Week 11 (Week Ending January 11, 2019)

This week’s mostly neutral to slightly bearish withdrawal of 81 Bcf came as no surprise with the majority of the Lower 48 realizing warmer weather patterns during the reporting week ending January 11th. The last two weeks have provided relief for deficits against last year’s values, but the five-year average deficit is still holding over 11% currently. That being said, February and March contracts are still vulnerable to the potential…