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The largest withdrawal since the 288 Bcf pull on January 10th, 2014 occurred this morning, clocking in at a whopping 359 Bcf. This record-setting withdrawal not only managed to surpass the market expectation of a 333 Bcf net change, but also nearly doubled the draws from last year and the five-year average, which came in at -151 Bcf and -162 Bcf respectively. Outlooks for this winter proved to be mostly…

Con Ed says aging natural gas plants are fine; storage advocates say a crisis is imminent.   Does New York City have sufficient resources to meet peak energy demand and, if not, how should any shortcoming be addressed? Those are two key questions facing energy planners for the Big Apple, with competing views on both. Shortfall debate While about 30% of New York City’s peak demand is met by natural gas…

As we look to the new year, let’s count a few of our country’s newest energy-related gifts: 1.      Production Up, Emissions Down Methane emissions from natural gas and oil development continue to decline in a number of America’s top energy-producing areas, according to a report by the group Energy in Depth (EID). The report is based on EPA’s Greenhouse Gas Reporting Program, and it shows methane emissions from eight of the top-producing shale basins…

2018 is here, and predictably the first report of the New Year was the largest draw yet of the season. Today, the EIA reported a net withdrawal of 206 Bcf with major heating markets of the Midwest and East accounting for just over half at 108 Bcf. This however was still a slightly bearish number compared to market expectations of a 221 Bcf pull, though far greater than last year’s…

We are constantly researching and creating innovative ways to make natural gas-fueled energy generation cleaner. Whether it’s responsibly developing natural gas in such abundance that many utilities are converting old power plants to run on cleaner, more affordable fuels or investing billions to improve the environmental performance of refineries and the products they deliver, like lower-sulfur gas for vehicles, the industry continues to demonstrate its dedication to making the world in which we live, work…

Following an already elevated NYMEX due to recent colder weather patterns, this week’s 112 Bcf withdrawal fell right in line with the market expectation of 113 Bcf. While the current pull mirrors the five-year average withdrawal of 111 Bcf, it came in at nearly half of last year’s massive draw of 233 Bcf around the same time. It may seem that the market is bouncing back since the injection of 2…

Winter weather outlooks are getting warmer, and the bears are out of hibernation. Today, the EIA reported a seemingly bullish withdrawal of 69 Bcf as compared to the market expectation of 60 Bcf, but the recent market slide just kept rolling. By comparison, this time last year saw a pull of 147 Bcf, and the five year average stands at 65 Bcf. Overnight weather models suggest a major shift from…

Governor-elect Phil Murphy’s clean energy agenda has the potential to be a game-changer for New Jersey. His influence can position the state to regain its leadership in the fight against climate change, and create a clean energy economy that will lead to more jobs, and improve the health and well-being of all New Jerseyans. To capitalize on this opportunity and achieve the state’s goals of clean, resilient, and affordable energy and transportation…

In a bearish move, the EIA reported a 2 Bcf net injection for the fifth week of withdrawal season, which was notably off the mark of the market expectation of a 7 Bcf withdrawal. This injection also pales in comparison to last year’s withdrawal of 43 Bcf and the five-year average of 69 Bcf taken out of storage. Taking into account the tricky schedule of Thanksgiving/Black Friday and an unseasonably warm week,…

With cold weather on the way, Public Service Electric & Gas Co. (PSE&G), New Jersey’s largest utility, offers its top six ways you can help keep the heat in and your heating bills down this winter with little or no cost. Lower your thermostat by just 1 degree. You will hardly notice and this may reduce your heating bill by as much as 3 percent. Save even more by lowering…