Monthly Electric and Natural Gas Market Outlook | April
Chrislynn Energy
Providing unparalleled energy management services and industry knowledge.
Chrislynn Energy provides unparalleled energy management services and energy market knowledge. We put it all to work for your bottom line! Our technical expertise and comprehensive understanding of the energy industry allow us to deliver superior advice and execution to our clients.
We will be sharing our monthly electric and natural gas market outlook here on our LinkedIn page! Follow our page and stay tuned for these updates on how changes in that market could affect your energy costs.
Storms ending, and temps warm up this weekend into next week – b e a r i s h.
WEEKLY NYMEX FWD CURVE CHANGES
NYMEX
LNG feedstock demand is off while production numbers come in lower, offsetting each other somewhat while storage is filling early. The Prompt Month is trading below $2 in the tenth week. MAY24 is off more than ten cents on the week at 1.74. Summer is off 7￠ at 2.24. Next Winter is off 3￠ at $3.39. Production is off another 2% after pulling back 5% from December to March, tightening the balance.
STORAGE
As of April 12th, working gas is 2,333 Bcf after an injection of 50 Bcf. Storage is 424 Bcf higher than last year and 622 Bcf above the 5-year average, giving up 11 Bcf. Storage and pricing will impact injection schedules this month and next. The high storage levels could hold down prices through December.
ONE WEEK CHANGE – NYMEX and OIL
WEATHER
April 18-24: Cool temps sweeping across the North, Central US, and East into next week with rain, snow, and lows of 20s and 30s, highs of 40s-60s. More cooling to impact Northeast next week, and the interior warms above normal with highs of 60s-80s and 90s in Texas. Overall, moderate-high demand over the next 7 days.
领英推荐
Current Natural Gas Utility PTCs
ELECTRIC OUTLOOK
On-Peak Power Pricing for Trading Years 2025 through 2027
Current Electric Utility PTCs