Natural Gas Storage Report Withdrawal Season Week 18 (Week Ending March 2, 2018)

Shoulder season-like weather across much of the country to close out February created a stagnant market for the week ending March 2nd. The prompt month opened the week at $2.70, while the week closed at a nearly identical $2.71. The lack of a weather related impact on the market was also on display in this week’s withdrawal number. The uninspiring withdrawal of 57 Bcf was in line with the expectation…

Natural Gas Storage Report Withdrawal Season Week 17 (Week Ending February 23, 2018)

Heating demand continues to be unimpressive as this week’s withdrawal of 78 Bcf fell right in line with the market expectation of 77 Bcf. Last year, a paltry 7 Bcf was pulled, but the five-year average stands strong at a 118 Bcf withdrawal. Our current draw sits right in the middle of these past values, which is clearly reflected in our sideways market that has occurred over the past few…

Clean Energy – Not Natural Gas – Drove Decarbonization In 2017

Despite attempts by the Trump administration and the coal industry to limit clean energy in favor of fossil fuels – including a tariff on solar energy, a thinly-disguised bailout for coal and nuclear power plants (that was rightly rejected), and a dramatic proposed cut to energy research – we are accelerating the transition to a cleaner electric grid. In fact, last year was the first time the reduction in power sector emissions can be attributed more to…

Natural Gas Storage Report Withdrawal Season Week 16 (Week Ending February 16, 2018)

Expectation nearly met with reality this morning as the 124 Bcf storage withdrawal narrowly exceeded the anticipated pull of 120 Bcf. Falling short of the five-year average draw of 145 Bcf but managing to surpass last year’s value of 92 Bcf, this week’s storage movement leaves little excitement in a continually sideways market. As weather expectations turn colder in early March, particularly in the Northwest, Henry Hub futures on the…

Natural Gas Storage Report Withdrawal Season Week 15 (Week Ending February 9, 2018)

The market continues to figure itself out for yet another week as the market expectation of a 183 Bcf withdrawal was exceeded by the EIA’s report of a 194 Bcf pull. Despite the apparent delay until early March of colder weather being reported, today’s slightly bullish move managed to eclipse last year’s draw of 120 Bcf and the five-year average value of 154 Bcf as well. Interestingly enough, this withdrawal…

What To Expect In Environmental Regulation For 2018

Deregulation was one of the primary promises of President Trump’s campaign, and the administration has been keeping that promise, particularly as it relates to environmental regulations. Rule rollbacks are on a fast track while the implementation of other rules has been stayed. In some cases, such as the reinstatement of pre-2015 rules relating to wetland jurisdiction under the Clean Water Act, no public comment opportunity was provided. Other rules, such as the…

Natural Gas Storage Report Withdrawal Season Week 14 (Week Ending February 2, 2018)

This week’s withdrawal provided yet another non-event as the 119 Bcf pull nearly fell exactly in line with the market prediction of 116 Bcf. This draw falls beneath both last year’s and the five-year average’s values of 142 Bcf and 151 Bcf respectively. Despite previous and erroneous reports of an influential cold pattern sweeping in around this time for February, mild weather conditions are currently prevailing in a sideways market…

Natural Gas Storage Report Withdrawal Season Week 13 (Week Ending January 26, 2018)

Confidence in the anticipated cold snap slotted to occur during the first few days of February has certainly diminished from last week as the streak of triple digit storage withdrawals ended with a 99 Bcf pull, falling short of the market expectation of 104 Bcf. This withdrawal managed to scrape by last year’s value of 92 Bcf, but paled in comparison to the five-year average withdrawal of 150 Bcf. While…

Sustaining America’s Energy Momentum

The past week or so we’ve talked a lot about how natural gas and oil help Americans power past the impossible – meeting the challenges of today and building a path to a better future. See API’s 2018 annual report, check out our keynote video and listen to API President and CEO Jack Gerard’s State of American Energy remarks. All point to the positive momentum for our nation provided by secure, abundant energy. Now, how do…