US Natural Gas Market Rebalancing Underway: Kemp
The U.S. natural gas market is well on the way to rebalancing as unusually high airconditioning demand coupled with strong underlying consumption growth absorbs the record inventories left at the end of last winter. Anticipating a tighter market in 2017, hedge funds and…
Colder 2016-17 Winter to Boost U.S. oil and gas Demand
The U.S. summer driving season ends with Labor Day on Sep 5, and the attention of the energy markets is already switching to the forthcoming winter heating season. The winter of 2015/16 was the warmest on record, which sharply reduced consumption of both natural gas and heating oil (http://tmsnrt.rs/2bhIGoL).
Heatwave Boosts Record Gas burn by U.S. Power Producers: Kemp
John Kemp is a Reuters market analyst. Record gas consumption at power plants this summer is accelerating the rebalancing of the U.S. natural gas market. Working gas stocks in underground storage started the year at a seasonal record of 3,643 billion cubic feet, according to the U.S. Energy Information Administration.
Heatwave Spurs Record U.S. Gas Burn
Record gas consumption at power plants this summer is accelerating the rebalancing of the U.S. natural gas market. Working gas stocks in underground storage started the year at a seasonal record of 3,643 billion cubic feet, according to the U.S. Energy Information Administration.
La Nina to Boost U.S. Heating Oil Demand: Kemp
Middle distillates remain the one ray of hope for U.S. oil refiners still struggling to clear a glut of gasoline caused by over-production earlier in the year. Stocks of distillate fuel oil are higher than normal but have been trending down for the last 15 weeks according to the U.S. Energy Information Administration.
La Nina may boost U.S. Heating Oil Demand
Middle distillates remain the one ray of hope for U.S. oil refiners still struggling to clear a glut of gasoline caused by over-production earlier in the year. Stocks of distillate fuel oil are higher than normal but have been trending down for the last 15 weeks according to the U.S.
Colder Winter Could Save Distillate Market: Kemp
The warmest winter for more than 30 years reduced fuel oil demand drastically in the United States in 2015/16 and left the country heavily oversupplied with heating oil. The good news for refiners and heating oil suppliers, however, is that winter 2016/17 will almost certainly be colder, boosting demand in the months ahead.
El Nino More Likely to Last Into N. Hemisphere Spring
A U.S. government weather forecaster on Thursday raised the likelihood that El Nino conditions would last into the Northern Hemisphere's early spring to 85 percent, up from 80 percent in the prior month's forecast. The Climate Prediction Center, an agency of the National Weather Service…
NOAA: No Relief in Sight for Western US Drought
Drought pressures will increase in California and western areas of the United States this spring even as the dry season begins, the government's Climate Prediction Center said on Thursday. "Periods of record warmth in the West and not enough precipitation during the rainy…
El Niño Could Kick Off in 1-2 months
The El Niño weather phenomenon is favored to occur in the next 1-2 months and last into next spring in the Northern Hemisphere, the Climate Prediction Center (CPC), an agency of the National Weather Service, said on Thursday. The forecast marks the strongest prediction yet from the U.S.
Three NOAA scientists honored by White House
The White House yesterday awarded three NOAA scientists with Presidential Early Career Awards for Scientists and Engineers. The award is the highest honor given by the federal government to outstanding scientists and engineers in the early stages of their careers. Laboratory.
