September 26, 2022
September 2022 Energy News
While geopolitical events have been the primary focus of natural gas markets this year, weather predictions are now front and center as we look ahead to the fall and winter seasons.
Production and Storage Remain Relatively Steady
First, some news from the August 11 release of the EIA’s weekly update. The average total supply of natural gas in the US fell by 0.1% compared to the previous week, while demand increased by 2.7% compared to the previous week. The increased demand was fueled in part by above-normal temperatures in the Northeast, which increased the demand for power generation. Additionally, working storage continues to be 12% lower than the 5-year average, making us more vulnerable to weather-related events.
Active Hurricane Season Predicted
The National Oceanic and Atmospheric Administration (NOAA) is predicting an above-normal hurricane season, including 3-5 major hurricanes this season, according to its recent midseason update. (Hurricane season is June through November, although the busiest times tend to be August, September and October.) Hurricanes and tropical storms can disrupt natural gas production and transportation, particularly in the Gulf Coast region, which is a major hub for the production, refining, and processing of natural gas in the US.
Market Data:
September 26, 2022
September 26, 2022
September 2022 Energy News
While geopolitical events have been the primary focus of natural gas markets this year, weather predictions are now front and center as we look ahead to the fall and winter seasons.
Production and Storage Remain Relatively Steady
First, some news from the August 11 release of the EIA’s weekly update. The average total supply of natural gas in the US fell by 0.1% compared to the previous week, while demand increased by 2.7% compared to the previous week. The increased demand was fueled in part by above-normal temperatures in the Northeast, which increased the demand for power generation. Additionally, working storage continues to be 12% lower than the 5-year average, making us more vulnerable to weather-related events.
Active Hurricane Season Predicted
The National Oceanic and Atmospheric Administration (NOAA) is predicting an above-normal hurricane season, including 3-5 major hurricanes this season, according to its recent midseason update. (Hurricane season is June through November, although the busiest times tend to be August, September and October.) Hurricanes and tropical storms can disrupt natural gas production and transportation, particularly in the Gulf Coast region, which is a major hub for the production, refining, and processing of natural gas in the US.
September 26, 2022
September 2022 Energy News
While geopolitical events have been the primary focus of natural gas markets this year, weather predictions are now front and center as we look ahead to the fall and winter seasons.
Production and Storage Remain Relatively Steady
First, some news from the August 11 release of the EIA’s weekly update. The average total supply of natural gas in the US fell by 0.1% compared to the previous week, while demand increased by 2.7% compared to the previous week. The increased demand was fueled in part by above-normal temperatures in the Northeast, which increased the demand for power generation. Additionally, working storage continues to be 12% lower than the 5-year average, making us more vulnerable to weather-related events.
Active Hurricane Season Predicted
The National Oceanic and Atmospheric Administration (NOAA) is predicting an above-normal hurricane season, including 3-5 major hurricanes this season, according to its recent midseason update. (Hurricane season is June through November, although the busiest times tend to be August, September and October.) Hurricanes and tropical storms can disrupt natural gas production and transportation, particularly in the Gulf Coast region, which is a major hub for the production, refining, and processing of natural gas in the US.
September 26, 2022
September 2022 Energy News
While geopolitical events have been the primary focus of natural gas markets this year, weather predictions are now front and center as we look ahead to the fall and winter seasons.
Production and Storage Remain Relatively Steady
First, some news from the August 11 release of the EIA’s weekly update. The average total supply of natural gas in the US fell by 0.1% compared to the previous week, while demand increased by 2.7% compared to the previous week. The increased demand was fueled in part by above-normal temperatures in the Northeast, which increased the demand for power generation. Additionally, working storage continues to be 12% lower than the 5-year average, making us more vulnerable to weather-related events.
Active Hurricane Season Predicted
The National Oceanic and Atmospheric Administration (NOAA) is predicting an above-normal hurricane season, including 3-5 major hurricanes this season, according to its recent midseason update. (Hurricane season is June through November, although the busiest times tend to be August, September and October.) Hurricanes and tropical storms can disrupt natural gas production and transportation, particularly in the Gulf Coast region, which is a major hub for the production, refining, and processing of natural gas in the US.
