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The sixth week of injection season provided an injection of 106 Bcf, essentially falling in line with the market expectation of 105 Bcf. Some weather outlooks are projecting warmer than normal conditions in the upcoming weeks along with heavy showers over portions of the West and Southeast that are expected to keep demand low.  This year’s injection is larger than last year’s 64 Bcf and the five year average at…

Week 5 of injection season saw an injection of 89 Bcf which was slightly below the expectation of 91 Bcf.  This gave the market a slight bullish feel, and it made the futures increase in price. Some weather outlooks are projecting  cooling demand in the upcoming weeks that can assist the bulls to get more momentum and hit above the $2.80- $2.82 mark.  The cooling demand is going to come…

In Cities v. Fossil Fuels, Exxon’s Allies Want the Accusers Investigated – “Now two industry-friendly groups are turning the tables and asking the SEC to investigate the cities and counties for possible fraud.” Why this is important: Over the past year, cities across the country have sued Exxon and its peers alleging the extractive industry withheld information about the risks of climate change. Those cities are seeking billions of dollars…

Week 4 of injection season saw an actual injection that was way above the expectation of 52 Bcf. The actual came in at 62 Bcf, and the futures lowered as the market went bearish.  Record production and future mild weather forecasts are some of the main contributors for the downward market. The injection that we had today is very similar to the injection that we had last year which stands…

The deep relationship between the U.S. natural gas and oil industry and America’s building trades unions – the men and women who build much of our country’s energy infrastructure – is getting deeper. In remarks to the annual legislative conference of North America’s Building Trades Unions (NABTU), API President and CEO Jack Gerard announced a new program to join the best practices of the two organizations in a new safety initiative, applicable…

The withdrawals have lasted yet another week. This marks the third week in a row that injection season has seen a withdrawal, and the current pull of 18 Bcf still managed to surpass the market expectation of 12 Bcf. Last year we saw an injection of 71 Bcf and the five year average stands at 60 Bcf. Another unusual withdrawal made the market increase the expiring May contract to as…

Over the last year, the media have published story after storyafter story about the declining price of solar panels and wind turbines. People who read these stories are understandably left with the impression that the more solar and wind energy we produce, the lower electricity prices will become. And yet that’s not what’s happening. In fact, it’s the opposite. Between 2009 and 2017, the price of solar panels per watt declined by 75 percent while the price…

Week 2 of injection season saw another withdrawal of 36 Bcf, which was higher than the expectation of 23 Bcf.   Last year we saw an injection of 47 Bcf and the five year average stands at 38 Bcf. Today’s withdrawal was way above the expectations of many traders which were in the range of 7-30 Bcf.  The largest withdrawal came from the Midwest region which had a net withdrawal of 18 Bcf.…

Focus Group pursuing floating wind farm off California coast REUTERS – Apr 3 EDP Renewables and four other companies have joined with a Northern California power provider to develop the first U.S. offshore wind farm to boast advanced floating turbines, the group said in a statement on Tuesday. The Redwood Coast Energy Authority (RCEA), a local government authority that provides electricity to most of California’s Humboldt County, solicited bids for…

Week 22 saw a drawdown of 29 Bcf, which was tighter than the Reuters average expectation of 26 Bcf. This year’s number exceeded 2017’s withdrawal of 4 Bcf, as well as the five-year average of 28 Bcf. The market has been bullish since, moving down more than 3 cents. While cooler than average weather continues to create late-season heating-demand, the market remains confident that injection season will refill the depleted…