Here is the link to my weekly podcast: https://youtu.be/MYFWKkBvWx8
The most recent podcast can always be found on the EPG website home page.
Oil & Gas Market Update (podcast) - Aug 18
Oil & Gas Market Update (podcast) - Aug 18
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Oil & Gas Market Update (podcast) - Aug 18
After listening to the podcast, spend some time here: https://www.weatherbell.com/winter-2018 ... st-outlook
The timing of when winter weather in the Eastern half of the U.S. arrives has a HUGE impact on the price of natural gas and to a lesser extend home heating oil.
If November/December weather is colder than normal, it can have a significant impact on the NYMEX futures contracts for Q1. The reverse is also true. It is "FEAR" of running short of gas supply that creates a "Bidding War" between the utility companies. In mid-November the amount of gas in U.S. storage is going to be way below the 5-year average. That FACT is going to get a lot of attention from gas traders after Labor Day.
The timing of when winter weather in the Eastern half of the U.S. arrives has a HUGE impact on the price of natural gas and to a lesser extend home heating oil.
If November/December weather is colder than normal, it can have a significant impact on the NYMEX futures contracts for Q1. The reverse is also true. It is "FEAR" of running short of gas supply that creates a "Bidding War" between the utility companies. In mid-November the amount of gas in U.S. storage is going to be way below the 5-year average. That FACT is going to get a lot of attention from gas traders after Labor Day.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group