Direct Energy Business
Market Data For Your Home Contact Us

Weekly Energy Market Update September 2, 2014

read | Share:

Below is the Direct Energy Business Weekly Energy Market Update update for September 2, 2014. There is no video this week, but the written summary is below.

The following is a summary of last week’s market activity and the market outlook.   

October became the prompt month last week, debuted over $4.00, and has remained >$4.00 ever since (until the morning of September 2).

Late summer heat is expected to continue this week and should stoke power plant fuel demand, limit storage rebuilding, and support prices. But . . . revised forecasts today show heat risk should dissipate by the end of the week.

Thursday’s storage injection (+75) was slightly below expectations (+77), but was still the 19th consecutive injection to beat the 5-year average. Projected end-of-season storage levels are >3,500 Bcf.

Last Thursday, gas production tied the record (69.3 Bcf/d) set on July 30.

Tropical Storm Dolly is off the northeast coast of Mexico, but poses no threat to Gulf production or the U.S. at this time.

For more insights, please view: 
Market Insights Customer Education Center
Sign up to receive Weekly Market Update emails



Posted: September 02, 2014

3.93.75.242