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Energy Market Update: August 21, 2017

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What factors might impact natural gas prices in the cooler months ahead? 

In this week's Energy Market Update, Tim Bigler — Direct Energy Business Energy Strategist — overviews the current natural gas storage forecast, hurricane season outlook and natural gas spot prices. 

Watch the video below to learn more.

U.S. Natural Gas Storage

The current end-of-year (EOY) natural gas storage forecast is in the middle of the five-year range. 

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Hurricane Season 

NOAA recently updated its 2017 Atlantic Hurricane Season Outlook to reflect a 60 percent chance for an above-normal season and possibly extremely active. With about four percent of U.S. natural gas production occurring in the Gulf of Mexico and lower storage projections, major hurricanes in the region can still have a potential price impact. 

Natural Gas Spot Prices

Colder temperatures and increased natural gas demand could potentially lead to higher natural gas prices in the coming months. 

Stay tuned to the Direct Energy Business Blog for the latest energy market news and information. 

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Posted: August 21, 2017