Small movement down, continued softening of the market.
Large temperature variance recently, softening gas market driving down the electric market.
Natural Gas Markets
Market has been stable over the last week, with 2024 and 2025 rates continuing their downward trend. Forward rate consolidation continues.
Futures as of 11/2/2022 versus previous week:
Natural Gas Inventory
Working gas in storage was 3,580 BCF as of Friday, November 4th. According to EIA estimates this represents a net increase of 79 Bcf from the previous week.
The Baker Hughes exploration gas count remained unchanged for a total of 155 this week. There are 100 additional rigs in operation than at this time one year ago.
Temperatures will be well below average over the most of the country.
Hurricane Watch: Click here to view the National Hurricane Center site.
Equatorial Pacific Outlook: Click here to view La Nina and El Nino status.
News : Industry, observers offer FERC recommendations to help New England reliability- Industry representatives and observers have offered varying recommendations for the Federal Energy Regulatory Commission to consider as itseeks to address winter reliability concerns in the Northeast.
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