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February 7, 2019
Natural Gas

Natural gas futures contracts continue to tumble, March 2019 contracts are down over 20 cents since becoming the front month last week.

This morning the EIA announced a withdrawal of 237 Bcf, the largest of this withdrawal season, bringing gas in storage below 2,000 Bcf to 1,960.

Real time power prices have stayed low in the days following last week's polar vortex which had little effect on the 30 day average price of power.

Electricity futures are still trending downward aided by the continued decline of natural gas prices. The 12 month strip is now back below $36/MWh to $35.47.
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.
A panel of federal judges has directed the New York Department of Environmental Conservation to expand on its permit decision that blocked National Fuel's Northern Access pipeline project.
The U.S. Second Circuit Court of Appeals panel found that the denial letter issued by DEC "insufficiently explains any rational connection between facts found and choices made." Because of that, the judges vacated DEC's denial and sent the matter back to the agency for further explanation.
Gov. Andrew Cuomo's administration has repeatedly used its authority under the federal Clean Water Act to block pipelines approved by federal authorities and other states, and is facing several legal challenges as a result.

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

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