As we reported last month, energy prices are calm right now. Natural gas storage injections and production continue to be strong. Pricing for our clients in the northeast have come down modestly for multiple year energy contracts in recent weeks. While the calm market is good for buyers now, the summer weather and resulting demand for natural gas for power burn relative to storage injections will create the potential for greater volatility. Natural gas storage inventory is still well below the five-year average.
8 – 14 Day Weather Forecast
Natural Gas Storage Inventory
Usource advocates a proactive strategy for its clients. If you’re not engaged with your Usource energy advisor, we highly recommend you get in touch now to review your price positions and consider additional hedging and contracting options to strategically manage your energy purchasing.