Electric markets remain elevated with the continued political tensions, despite a small drop in NYISO and ISO-NE.
Warmer weather brought on less volatility in the daily markets.
Natural Gas Markets
2022 future NYMEX saw a move back up but outer years, such as 2023 and 2024, remained favorable.Futures as of 3/16/2022 versus previous week:
Natural Gas InventoryWorking gas in storage was 1,440 Bcf as of Friday, March 11, 2022. According to EIA estimates this represents a net decrease of 79 Bcf from the previous week.
The Baker Hughes exploration gas count came in at 137 this week, which was up two from last week. There are 45 more rigs in service compared to this time last year.
A mix of weather patterns are expected this week. The West and East coastlines are expected to be warmer than normal with the central plains to be below normal temperatures.