Author Archives: Richard Meyer

US natural gas inventories are forecasted by the Energy Information Administration to be at 4 trillion cubic feet by the end of October, a record high. The large amount of gas in storage, coupled with consistent warmer than average temperatures across most of the US, have served partially to stabilize the natural gas price volatility caused by the over-active Hurricane season. Thus, despite the uptick in demand as the heating season approaches, gas production and imports from Canada remain below average, and exports to Mexico continue to be higher than 2019 numbers.
Read the full report here.

The tropical storm season continues to generate storms at an unprecedented pace, and temperatures continue to be warmer than average despite a recent decrease in temperatures. However, over the last month, the gas supply has not been significantly strained by the weather, which has been a factor in continued relatively low natural gas prices. Rig counts continue to be low following the sharp decrease in rig counts over the past year, but there is some evidence that the number of rigs began to stabilize in the early summer. Finally, as winter approaches, natural gas production and reserves are adequate to meet natural gas customers’ needs across the United States through the heating season.

Read the full report at the link.