Aug 2024 natural gas contract retired yesterday as prompt month. It closed down ten cents on the day at $2.08/MMBtu. This is also down from $2.25 on the week. As the new prompt month, Sep 2024 is currently trading at $2.04.

New York Gov. Kathy Hochul announced the state’s latest land-based renewable energy solicitation, continuing progress toward the state’s Climate Leadership and Community Protection Act goal to obtain 70 percent of New York’s electricity from renewable sources by 2030.

In March, OPEC+ announced the extension of additional voluntary cuts of 2.2 million barrels per day through June, aimed at stabilizing and balancing the oil markets.

Domestic oil production in the U.S. reached a new record in November 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information Administration.

The oil markets continued its hypersensitivity to geopolitical events in February as hostilities intensified in both the Red Sea and Russia increasing concerns over supply disruptions.

The Bureau of Land Management (BLM) is reviewing 20 major renewable energy projects — mostly solar — across the West that would cover as much as 193,000 acres of federal land, and generate 13,845 MW of electricity, or enough to power more than 4 million homes.

In recent times, the United States has experienced an intriguing phenomenon – notably low natural gas prices, despite the ongoing international conflicts in the Middle East.

Load factor is an extremely useful calculated value that can help energy and facility managers spot data problems, metering problems, rate change opportunities, and mechanical electrical system control problems.