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In This Issue

New England Seen as Having Ample Summer Electricity Supply

PJM Says It’s Ready to Meet Summer Demand

Natural Gas and Oil Market Update

EIA - Weekly Natural Gas Storage Report

NYMEX Natural Gas Week-to-Week Price Change

Natural Gas Futures - Five Year Price

Tables

NOAA 6 to 10 Day Outlook
weatherweather
Color indicates the probability of forecasted temperatures being above or below a historical average for the period.

 

Market Overviews

New England Seen as Having Ample Summer Electricity Supply

Penn Energy | May 5, 2016

The operators of New England's power grid are confident the region will have enough resources to meet demand over the summer months.

Electricity demand typically spikes during in the summer because of air conditioning use. Holyoke-based ISO New England, which oversees the region's wholesale electricity markets, says supplies should be sufficient even during an extended heat wave.

One possible fly in the ointment: ISO says construction and maintenance work scheduled on natural gas pipeline infrastructure could restrict delivery of natural gas to some gas-fired power plants in the region.

But the company says it has contingency plans to maintain power system reliability.

ISO also says the growth of small, off-the-grid solar energy systems may help to reduce overall electricity demand.

Read More:
http://www.pennenergy.com/articles/pennenergy/2016/05/new-england-seen-as-having-ample-summer-electricity-supply.html

PJM Says It’s Ready to Meet Summer Demand

Natural Gas Intelligence | May 5, 2016

The operators of New England's power grid are confident the region will have enough resources to meet demand over the summer months.

Electricity demand typically spikes during in the summer because of air conditioning use. Holyoke-based ISO New England, which oversees the region's wholesale electricity markets, says supplies should be sufficient even during an extended heat wave.

One possible fly in the ointment: ISO says construction and maintenance work scheduled on natural gas pipeline infrastructure could restrict delivery of natural gas to some gas-fired power plants in the region.

But the company says it has contingency plans to maintain power system reliability.

ISO also says the growth of small, off-the-grid solar energy systems may help to reduce overall electricity demand.

Read More:
http://www.naturalgasintel.com/articles/106286-pjm-says-its-ready-to-meet-summer-demand


Natural Gas and Oil Market Update

Arrow

U.S. Natural Gas Drops Most in 3 Months as Heating Demand Fades

Bloomberg | May 5, 2016

U.S. natural gas futures slid the most in three months as forecasts showed warmer weather that would curtail demand for the heating fuel.

Temperatures may be mostly above normal in the eastern U.S. following a cold spell this week, according to MDA Weather Services. Gas prices surged to a 13-week high on Friday after a segment of Spectra Energy Corp.’s Texas Eastern interstate pipeline ruptured, disrupting supplies to the Northeast.

  Arrow

Oil Settles Above $46 For The First Time in Nearly Six Months

MarketWatch | May 5, 2016

Oil futures settled above $46 a barrel Thursday, as seven straight weeks of declines in U.S. crude production as well as weakness in the dollar helped lift prices to their best level in nearly six months.

But some analysts question whether crude will continue its positive momentum given a lack of significant change on the supply side of the market.

Natural-gas prices, meanwhile, finished at their lowest level in a week as a report showed that U.S. supplies rose a bit more than the market expected.

EIA - Weekly Natural Gas Storage Report

EIA - Weekly Natural Gas Storage Report

Summary
Working gas in storage was 2,625 Bcf as of Friday, April 29, 2016, according to EIA estimates. This represents a net increase of 68 Bcf from the previous week. Stocks were 861 Bcf higher than last year at this time and 836 Bcf above the five-year average of 1,789 Bcf. At 2,625 Bcf, total working gas is above the five-year historical range.

NYMEX Natural Gas Week-to-Week Price Change NYMEX Natural Gas Week-to-Week Price Change

Natural Gas Futures - Five Year Price ($ per mmBtu)

NYMEX Natural Gas Week-to-Week Price Change - Five Yearly Snapshot

Disclaimer: The information contained in these reports is gathered from public and/or internal sources and is presented solely for the convenience of our customers and Newsletter Subscribers. Patriot Energy Group makes no representation or warranty, express or implied as to the accuracy or completeness of the information set forth in this newsletter, and Patriot Energy shall not have any liability to any person or entity resulting from use of this information in any way.
 
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