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pArticles – Energy Market Summary – Irma & Harvey Lowers Demand, Pricing Flat

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The Scoop – As Irma & Harvey have caused unbelievable devastation that has had an effect on demand. The lower of demand, mild weather & a huge injection have led to pricing staying flat. Winter weather predictions are the next major risk to price inflation, so stay tuned.

Strategy Advice The EIA raised its price projections for ’18. Consumption growth prediction is 1.8% higher than ’17 mostly due to a colder winter assumption. Also, rising LNG exports due to Cove Point Maryland facility & Cheniere’s Sabine Pass 4th train being fully operational. This year is the year to lock up long term.  

The hurricanes have caused little damage to production. The right side of the screen shows the continued growth, thus keeping pricing low.

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