Natural Gas Storage Report Injection Season Week 28 (Week Ending October 13, 2017)

With continued utilization of shale resources and use of multi-directional pipes, we are seeing less importance of storage as a supply source. Even though the size of the market is much larger today, the ability to absorb high demand shocks and a foreseen “warm” winter, the need for storage is less critical. Friday, October 13th, marked the end of week 28 with 51 Bcf injection, 4 Bcf lower than the…

Climate And Clean Energy Progress Continues In Spite Of Clean Power Plan Repeal Rumors

According to news reports, Environmental Protection Agency (EPA) Administrator Scott Pruitt is planning to start the process of repealing the Clean Power Plan very soon. This seriously flawed and misguided effort would be a dangerous step backwards for public health and climate protections. However, as the Trump Administration continues to unravel these protections, the transition to a clean energy future is accelerating. States, cities, and power companies are responding to the…

Natural Gas Storage Report Injection Season Week 27 (Week Ending October 6, 2017)

Wildfires fumed through Northern California cutting off natural gas and electricity service to thousands of customers. The fires spread over 115,000 acres. Friday, October 6th, marked the end of week 27 with 82 Bcf injection, 5 Bcf lower than the expectation of 87 Bcf. By comparison, 79 Bcf was injected this time last year and the five year average stands at 87 Bcf. Working natural gas inventories currently stand at…

Natural Gas Storage Report Injection Season Week 26 (Week Ending September 29, 2017)

A developing tropical system in the western Caribbean has changed weather models to a slightly warmer direction. It is projected to make its way to the Gulf Coast.  Markets are still trending toward a warm winter. Friday, September 29th marked the end of week 26 with 42 Bcf injection, bullish compared to the 51 Bcf expectation. By comparison, 76 Bcf was injected this time last year, and the five year average…

Natural Gas Storage Report Injection Season Week 25 (Week Ending September 22, 2017)

Fall is officially here, but the generally solid builds continue. Friday, September 22nd marked the end of Week 25 of injection season, and today the EIA reported a net inflow of 58 Bcf – bullish compared to the expectation of 66 Bcf. By comparison, 52 Bcf was injected this time last year, and the five year average stands at 86 Bcf. Though the report came in bullish, traders saw this as…

Hurricane Update: Refinery Restarts, Fuel Supplies Rise

Much of the energy-related news from hurricane-recovery areas of Texas and Florida continues to be encouraging. Shell said it was restarting its Deer Park refinery in the Houston area that was shut down three weeks ago with the approach of Hurricane Harvey. ExxonMobil said it could start most of the production units at its Beaumont, Texas, refinerylater this week. In Florida, Gov. Rick Scott said pre-Hurricane Irma preparations and a concentrated focus on…

Natural Gas Storage Report Injection Season Week 24 (Week Ending September 15, 2017)

This week’s injection of 97 Bcf was larger than the market expectation of 90 Bcf while simultaneously coming in higher than last year’s value of 54 Bcf and the five-year average of 73 Bcf. With Henry Hub now trading under $3/MMBtu, October now heads into somewhat of a “sleep mode” that reflects a trend of little to no heat matched with equally uneventful demand for the time of year. Weather-wise,…

Busy In The Beehive: Utah Joins Growing List Of States Tackling Oil And Gas Pollution

Ozone pollution — also known as smog — is a growing problem in Utah, both in the state’s urban areas and in largely rural regions where oil and gas development has been directly tied to unhealthy air. That’s why new draft rules for oil and gas emissions released yesterday are a breath of fresh air for the Beehive State. These new standards are designed to reduce the amount of smog-forming…

Natural Gas Storage Report Injection Season Week 23 (Week Ending September 8, 2017)

The natural gas market injection reported today was greater than the 85 Bcf that was expected.  With an injection of 91 Bcf, traders are slightly surprised. The severity and duration of outages from the hurricanes, Harvey and Irma, have created additional uncertainty regarding energy prices in the coming weeks and months. The natural gas market has remained within close range through two major storms, which is unusual based on past…

Natural Gas Storage Report Injection Season Week 22 (Week Ending September 1, 2017)

Today’s market injection was slightly higher than the average expectation that many traders had of 64 Bcf. Market injection of 65 Bcf and the minimal impact that Hurricane Harvey had over the total demand of Natural Gas has made the market have a bearish undertone. The combination of the power outages in TX, the expected cooling temperatures for September and October, and the lower exports that were delivered to Mexico…