Remember to add us to your safe senders list!
March 21, 2019
Natural Gas

Natural gas futures prices fell yesterday on weaker residential and commercial demand. Total US demand fell an estimated 4 Bcf/d since Monday.

Today's storage withdrawal announcement of 47 Bcf drops remaining gas in storage to 1,143 Bcf. Total gas in storage is now 315 Bcf behind last year and 556 Bcf behind the 5-year average.

Real time power prices are up slightly from last week but overall still low. The 30 day average is now at $26.97/MWh.

Electricity futures rose slightly after last week's 70 cent drop. The 12 month strip is up 40 cents from last week to $34.97/MWh.
12 & 24 Month NYMEX Strip
12 & 24 Month Zone A Power Strip
This document is intended for indicative purposes only. All information contained within this report is acquired from third party sources and EnergyMark makes no representations or warranties, express or implied, as to the accuracy of the information provided herein. EnergyMark is not liable for any actions or decisions made in reliance on the information provided in the report.
U.S. natural gas production grew by 10.0 billion cubic feet per day (Bcf/d) in 2018, an 11% increase from 2017. The growth was the largest annual increase in production on record, reaching a record high for the second consecutive year. U.S. natural gas production measured as gross withdrawals averaged 101.3 Bcf/d in 2018, the highest volume on record.
U.S. natural gas gross withdrawals increased every month during 2018 except in June, ultimately reaching a record monthly high of 107.8 Bcf/d in December 2018. Marketed natural gas production and dry natural gas production also hit monthly record highs of 95.0 Bcf/d and 88.6 Bcf/d, respectively, in December 2018. Marketed production reflects gross withdrawals less natural gas used for repressuring wells, quantities vented or flared, and nonhydrocarbon gases removed in treating or processing operations.

Read the full article here
NOAA 8-14 Day Outlook
NOAA 30 Day Outlook

Email Marketing by ActiveCampaign