Direct Energy Business
Market Data For Your Home Contact Us
Market Updates

Daily Market Update August 08, 2022

Early Morning Update

The Sep ‘22 natural gas contract is trading down $0.40 at $7.66.  The Sep ‘22 crude oil contract is down $0.61 at $88.40.


Total demand rose by almost 2.0 Bcf/d over the weekend, as the majority of the nation continues to deal with above-average temperatures from the summer heat. The main driving force of this demand change was from an increase in residential-commercial demand, which is up 1.1 Bcf/d. The Northeast and the Midwest are the regions that contributed most to the rise in res/comm demand. The regions rose by 0.5 Bcf/d and 0.2 Bcf/d, respectfully. Power burn, which has been the main driving factor of demand for most of this summer, has come off of year-to-date highs at the end of July and early August, and is now at 44.7 Bcf/d. However, gas used for electric generation is up 8.2 Bcf/d from what was ween last August. Natural gas production remained flat at 95.5 Bcf/d. This current production level has been stagnant for a few weeks. LNG export levels have also remained fairly flat around 11 Bcf/d. Freeport LNG has announced that they are still on track to return to operation in early October. Weather for the upcoming week is still expected to see higher-than-normal temperatures, especially in the California, Northeast, and North Texas regions.


Market Update 08 08 2022

Market Settles 08 05 2022


To subscribe to Daily Market updates please visit