MARKET INTELLIGENCE & INDUSTRY NEWS

Apr 20, 2017
2 min

EIA Natural Gas Storage Report 04-20-17

Natural gas wholesale contracts were higher on Wednesday, bouncing off the prior session's three-week low as natural gas traders monitored shifting weather forecasts to assess the outlook for early-spring demand and supply levels. " Natural gas for May delivery tacked on 4.1 cents, or around 1.3%, to $3.1850 per million British thermal units. It lost 1.8 cents on Tuesday after hitting its lowest since March 29 at $3.114. " Weather patterns are expected to be rather bearish t

Mar 30, 2017
2 min

EIA Natural Gas Storage Report 03-30-17

Natural gas wholesale contracts edged higher for the second session in a row on Wednesday, hitting the strongest level since early February as traders continued to monitor shifting early-spring weather forecasts. " Natural gas for May delivery rose to a daily peak of $3.231 and settled there yesterday, a level not seen since February 1. Weather systems will track across the country the next several days with rain, snow, and thunderstorms, but with limited cold air as they pla

Mar 23, 2017
2 min

EIA Natural Gas Storage Report 03-23-17

Natural gas wholesale contracts fell for the first time in four sessions on Wednesday, pulling back from the strongest level since February as traders continued to monitor shifting early-spring weather forecasts. Warm to mild conditions will dominate most of the U.S. this weekend, even as a spring-like weather system with heavy showers and thunderstorms impacts the central U.S. " Natural gas contracts for April delivery dropped 8.2 cents, or around 2.72% to $3.011 per million

Mar 16, 2017
2 min

EIA Natural Gas Storage Report 03-16-17

Natural gas wholesale contracts pushed higher on Wednesday, bouncing back from heavy losses in the prior session as forecasts showing cooler weather on the way boosted the heating fuel. Snow showers and gusty winds remain in the wake of Tuesday’s powerful winter storm that brought a wintry mess to the Mid-Atlantic and Northeast, according to forecasters at NatGasWeather.com. Temperatures are expected to remain much colder than normal through the end of the week, with highs st

Mar 9, 2017
2 min

EIA Natural Gas Storage Report 03-09-17

Natural gas wholesale contracts rose sharply on Wednesday, as natural gas traders looked ahead to weekly storage data to gauge supply and demand levels. Weather forecasts for the next 8-to-15 days showed that rain, snow, and cool temperatures will track across the northern and eastern U.S., boosting demand expectations for the heating fuel. At the same time, the southern half of the U.S. will be warmer than normal as high pressure dominates with highs reaching the 60s to 80s

Mar 9, 2017
2 min

FERC certificates several new natural gas pipelines in 2017

Several large natural gas interstate pipeline projects have come online in recent years to support the shifting geography of domestic natural gas production. The Marcellus and Utica shale plays in the Northeast, where production has grown and resources are abundant, are major drivers for pipeline development. In 2016, the Federal Energy Regulatory Commission (FERC) certificated 17.6 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity. So far in 2017, FERC

Mar 8, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 3-08-17

WTI crude oil futures slipped a bit further into negative territory following the EIA’s weekly inventory report which revealed similar numbers to the API’s report last night with a larger than expected build in crude and both crude products showing losses that exceeded expectations. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer to oil (currently

Mar 2, 2017
2 min

EIA Natural Gas Storage Report 03-02-17

Natural gas wholesale contracts rose to a one-week high on Wednesday, as natural gas traders looked ahead to weekly storage data to gauge supply and demand levels. Market participants looked ahead to weekly storage data due this morning, which is expected to show a draw in a range of 4 billion cubic feet in the week ended February 24 (see more below). " Natural gas for April delivery reached a session high of $2.824 per million British thermal units in the morning before ret

Mar 1, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 3-01-17

WTI crude oil futures marginally added onto this morning’s gains following the inventory report which revealed a smaller than expected build in crude oil stocks. This was the eighth consecutive week of increases for crude inventory and stocks are at a new all-time high. The inventory related gains were kept in check as the draws from gasoline inventories were smaller than forecast and distillates were in line as refiners hiked output. *Important Disclaimer: Beginning ON 10/13

Feb 23, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 2-23-17

WTI crude oil futures added onto earlier gains despite the EIA’s inventory report showing a slight build in crude oil inventories. More in focus was the larger-than-expected draws from both distillates and gasoline stocks, with the continued increase in gasoline demand helping drive prices higher. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer to

Feb 23, 2017
2 min

EIA Natural Gas Storage Report 02-23-17

Natural gas wholesale contracts edged higher on Wednesday, regaining strength after falling to the lowest level in around six months as forecasts called for mostly warmer-than-normal weather in key regions across the U.S. for the rest of the winter. The more actively-traded April contract rose 2.9 cents, or 1.1%, to $2.720, after sliding to $2.641 earlier. " Natural gas for March delivery on the New York Mercantile Exchange sank to a session low of $2.522 per million British

Feb 22, 2017
2 min

U.S. electric generating capacity increase in 2016 was largest net change since 2011

More than 27 gigawatts (GW) of electricity generating capacity was added to the U.S. power grid during 2016, the largest amount of added capacity since 2012. These additions more than offset the retirement of roughly 12 GW of capacity, resulting in a net capacity gain of nearly 15 GW, the largest change since 2011. These net additions follow a 4 GW net capacity decrease in 2015—the largest net drop in capacity recorded in the United States. The mix of capacity additions has c

Feb 16, 2017
2 min

EIA Natural Gas Storage Report 02-16-17

Natural gas wholesale contracts rose for the first time in four sessions on Wednesday, bouncing off the lowest level since November as traders looked ahead to weekly storage data to gauge supply and demand levels. Natural gas prices of the heating fuel sank to $2.887 on Tuesday, a level not seen since November 21, amid forecasts for warmer weather in key regions across the U.S. during the next few weeks. The natural-gas market is on the defensive in recent days after forecast

Feb 15, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 2-15-17

WTI crude oil futures slightly pared back on this morning’s slim losses despite the EIA confirming the larger-than-expected build that was reported on by the API last night. The report also showed a surprise large build in gasoline stocks despite refineries pulling back on output more than expected. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer

Feb 9, 2017
2 min

EIA Natural Gas Storage Report 02-09-17

Natural gas wholesale contracts edged lower on Wednesday, as market players looked ahead to weekly storage data to gauge supply and demand levels. Natural gas wholesale contracts slumped to a ten-week low of $3.006 on Monday as forecasts called for mostly warmer-than-normal weather in key regions across the U.S. for the rest of the winter. " Natural gas for March delivery on the New York Mercantile Exchange declined 0.04 cents, or around 0.1%, to $3.126 per million British th

Feb 8, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 2-08-17

WTI crude oil futures added onto earlier losses following the EIA’s weekly inventory report which confirmed last night’s API report of substantially larger than expected builds within crude oil stocks. Meanwhile, gasoline inventories came in around where they were expected and distillate futures showed minimal changes despite refineries pulling back on output. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total comm

Feb 2, 2017
2 min

EIA Natural Gas Storage Report 02-02-17

Leading up to today's report, Natural gas wholesale contracts rose for the first time in four sessions on Wednesday, bouncing off the prior day's three-week low as natural gas traders looked ahead to weekly storage data to gauge supply and demand levels. " Natural gas for March delivery on the New York Mercantile Exchange rose more than 3% to a session high of $3.228 per million British thermal units before selling came in and the wholesale contract for March settled lower on

Feb 2, 2017
2 min

Indian Point, closest nuclear plant to New York City, set to retire by 2021

In January 2017, Entergy Nuclear and the state of New York reached an agreement to retire the two nuclear reactors at the Indian Point Energy Center, located in Buchanan, New York, about 25 miles north of New York City. Indian Point is one of four nuclear power plants in New York state and accounts for about 12% of total electricity generated from all sources statewide. Under the agreement, Entergy will retire one reactor in April 2020 and the other in April 2021. Entergy had

Feb 1, 2017
2 min

EIA's Weekly Crude Oil Inventory Report 2-01-17

WTI crude oil futures slipped initially following the inventory report but have subsequently recovered and added onto the gains that were seen in morning trading despite all categories of the EIA’s inventory report posting larger-than-expected builds. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer to oil (currently about 31 million barrels) that

Jan 31, 2017
3 min

EIA’s weekly natural gas storage data now include measures of sampling variability

Starting with the release of data for the week ending January 20, 2017, EIA’s Weekly Natural Gas Storage Report (WNGSR) now provides information about the statistical properties of published estimates of weekly working natural gas levels and their net changes. The methodology for the storage data itself, however, is unchanged. The WNGSR provides estimates of working gas in storage—the amount of natural gas that can be withdrawn to satisfy market demand—based on a sample of st

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