Call Us Now: (240) 482-4729 Blog - Open Market Energy

Prices Drop With December Forecast

  The end of October and the first two weeks of November ushered in some unusually cold temperatures. Fortunately, the cold spell was short-lived and had a short-lived impact on gas prices and a minimal impact on electricity prices. For example, from October 25, 2019, to November 15, 2019, natural gas prices in the forward…

Read More

Natural Gas Update for Week of 11/15

NYMEX Natural Gas contract for Dec 2019 was trading $+0.003 cents to $2.562/MMBtu as of 10:44 EST. • EIA reported a withdrawal of 94 Bcf, above the consensus of 91 Bcf but within the range that was forecasted. • Gas withdrawal of 94 Bcf for the past week were lower than last year’s -109 Bcf…

Read More

Traders Show No Fear November is the start of the traditional heating season. We started this November with some cold temperatures. The arrival of these frosty temperatures created a spike in gas prices. Fortunately, the rally was short-lived. Today’s update covers the first two weeks of trading from November 1, 2019, to November 15, 2019.…

Read More

Green Energy Initiatives Happening in Maryland

Earlier this year, Governor Larry Hogan allowed Maryland’s Clean Energy Jobs Act to pass without his signature. Though he let the bill go into effect, Governor Hogan didn’t think it was doing enough for green energy. So, he introduced the Clean and Renewable Energy Standard (CARES) initiative, which puts the state on the path to…

Read More

First Surplus In Two Years

Energy prices have traded in a tight range over the last two weeks. From Friday, October 4, 2019 to Friday, October 18, 2019, natural gas prices in the forward 12 months fell by 1%, and electricity prices in the forward 12 months fell by 1/2%. The market prices are currently trading sideways because the industry…

Read More
Open Market Energy, LLC
7625 Wisconsin Avenue
Bethesda, MD 20814
(240) 482-4729
info@openmarketenergy.net