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Energy Market Update: November 27, 2017

By Direct Energy Business
Energy Market Update

Will residential and commercial demand for natural gas be a game-changer this winter?

In this week's Energy Market Update, Tim Bigler — Direct Energy Business Energy Strategist — looks at how the growing housing market could affect natural gas futures.

Watch the video below to learn more.

 

Q1 2018 NYMEX Natural Gas Prices

In January and February 2016, natural gas was below $2.95 levels. Since that time, there has been high volatility in the market. Natural gas production was much higher between 2016-2017 in part due to pipeline expansion projects.

Related Articles:


Residential and Commercial Demand: A New Baseline?

As of November 2017, natural gas demand is substantially higher despite relatively mild fall temperatures. With single-family home sales at a 10-year high, the U.S. Energy Information Administration (EIA) is predicting high residential demand this winter.

U.S. Natural Gas Storage

Natural gas storage is expected to continue its decline into 2018 with the market is predicting a five-year low moving into 2018.

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

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Posted: November 27, 2017

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