Natural Gas Storage Report Injection Season Week 19 (Week Ending August 9th, 2019)

August has been a hot month so far, and this certainly has been reflected in the most recent injection of 49 Bcf into storage. This value fell significantly short of expectations that ranged from 58 Bcf to 61 Bcf, surpassed last year’s injection of 35 Bcf, and matched the five-year average. Fundamentally, a majority of the Lower 48 saw above normal temperatures which are expected to hold through next week…

Natural Gas Storage Report Injection Season Week 18 (Week Ending August 2nd, 2019)

Lower than expected injections are in short supply this summer, and this week’s build of 55 Bcf ended up joining that group as it failed to meet the market expectation of 59 Bcf. Despite that, the current change in storage still eclipsed last year’s 46 Bcf build along with the five-year average of 43 Bcf. Fundamentally, hot weather made its presence known in the Northeast, West, and Texas regions, while…

Renewable Energy Update – August 2019

Focus California farmers are planting solar panels as water supplies dry up  Los Angeles Times – July 31 In the San Joaquin Valley alone, farmers may need to take more than half a million acres out of production to comply with the Sustainable Groundwater Management Act, which will ultimately put restrictions on pumping. Converting farmland to solar farms could be critical to meeting California’s climate change targets, according to a new…

Natural Gas Storage Report Injection Season Week 17 (Week Ending July 26th, 2019)

NYMEX may be a tad oversold at the moment, but the normal to below-normal temperatures in key demand regions have resulted in yet another bearish injection into storage. The current week’s build of 65 Bcf flew past all market expectations and more than doubled last year’s injection and the five-year average for the same time period, which came in at 31 Bcf and 37 Bcf respectively. The Pacific region ended…

Energy Market Update – July 29, 2019

Heating Oil Prompt-month heating oil futures increased 0.78% for the week ending Friday, 7/26, as prices rose $0.0148 per gallon. On the New York Mercantile Exchange, crude futures for delivery in August closed at $56.20 per barrel on Friday, 7/26, up 0.48% for the day, and up 0.78% for the week. Crude oil prices were stable last week but rose on Monday, trading near $57 a barrel. The market awaited…

Natural Gas Storage Report Injection Season Week 16 (Week Ending July 19th, 2019)

Despite this week’s 36 Bcf injection being the second smallest build of the season, the background state of the market continues to remain neutral to bearish. Storage inventories are heading steadily closer to the five-year average, and while this build fell short of the 44 Bcf five-year average for the same time period, it managed to exceed last year’s 27 Bcf injection. The effects of Tropical storm Barry on production…

8 Ways to Cut Energy Costs by Peter Kaplan

Start by Benchmarking. Evaluating your energy use is the best way to begin. Although you can do this yourself, there are also online tools to aid in the process. The EPA’s Energy Star program, at energystar.gov, offers a set of tools called Portfolio Manager to gauge a company’s energy and water use. Logout and Shutdown. Unused equipment consumes energy. It also tends to warm your office, pushing up air conditioning…

How Green Are Your Ways? By Peter Kaplan

Hey, NJ! How Green Are Your Ways? The Energy Efficiency Dilemma for Local Business   In a world where we expect things to continually go up in cost and usage, how can it be that in a segment of the energy space, things are actually going down?  In fact, with electricity, growth has essentially stopped. According to a February 2014 White Paper from the American Council for an Energy-Efficient Economy…

Natural Gas Storage Report Injection Season Week 15 (Week Ending July 12th, 2019)

With Gulf of Mexico production ramping back up after tropical storm Barry, the market has surprisingly had little to report. This week’s 62 Bcf injection came in slightly bullish against market expectations that averaged about 66 Bcf and managed to surpass last year’s build of 46 Bcf and fell right in line with the five-average of 63 Bcf. The reporting week may not be giving NYMEX much with which to…

Tips to Save Energy in the Summer by Peter Kaplan

Here are tips to help you save energy during the spring and summer when the weather is warm and you are trying to keep your home cool. Consider adopting some of these habits in order to lower your energy use during the hottest months of the year and some money back in your wallet. Air Conditioner & Home Cooling Tips:  Have your air conditioner tuned up and clean or replace…