Natural Gas News – February 4, 2019
Natural Gas News – February 4, 2019
Warmer Shift in Europe Brings Mixes for Gas and Power Traders
Reuters reported: The cold beer will flow as usual, but for the thousands of energy traders, utility executives and analysts descending on Essen and the E-world fair in Germany this week the impact of a relatively mild winter on the power and gas markets will be a main topic of conversation. The warmer-than-usual temperatures for most of the heating season so far, along with concern about climate change, is scrambling the fortunes of utilities across the region and rippling through natural gas and power markets. While the weather has depressed demand, reducing the price of the fuels used to generate electricity, it’s also sharpened the focus of policy makers on acting against global warming. Most of the markets servicing utilities and their clients opened the year on a bearish note. That’s a reversal from the main trends of 2018, when benchmark German power prices jumped the most on record and carbon emission futures tripled. For more on this story visit bloomberg.com or click https://bloom.bg/2RGEbEI
GM Halts Production in Michigan Amid Natural-Gas Shortage
Oil Price reported: The Energy Information Administration has released its Annual Energy Outlook (AEO) 2019 with projections to 2050. The purpose of the AEO is to provide long-range energy projections for the United States, based on a Reference case and six side cases that vary important underlying assumptions. The Reference case projection is the benchmark case. It assumes that known technologies continue to improve along recent trend lines. The economic and demographic trends that are used reflect the current views of leading forecasters. Two of the most important side cases are the High and Low Oil Price cases, which represent conditions that could collectively drive prices to extremes. The U.S. becomes a net energy exporter in 2020 and remains so through 2050 as a result of large increases in crude oil, natural gas, and natural gas plant liquids (NGPL) production and slower growth in U.S. energy consumption. For more on this story visit oilprice.com or click https://bit.ly/2G6eM61
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