To date, there have been five named storms in the Atlantic – Tropical Storms Arlene, Bret, Cindy, Don and Emily, which is still in motion. The Atlantic basin tropical storm season began on June 1 and is off to a slow start so far. However, history shows that things tend to pick up in the later months, and there is still a lot of time left before the official end of the season on November 30th. August 1 marks the time when tropical storm activity picks up and September 10 is statistically the peak of the storm season. So, there is likely to still be a lot of storm activity before the season ends.
An unusually intense, long-lasting heat wave with high humidity has continued to plague the Central and Eastern U.S. These hotter temperatures are expected to reduce natural gas storage injections accordingly for the next few weeks.
Valerie Wood, President of Energy Solutions, Inc., commented on the projected price impact of these weather phenomena stating, “Weather-related price moves are projected to cause short-term price moves up or down. However, even hurricanes and hotter weather are not expected to derail storage injections this year, and more-than-ample production will continue to be an offsetting factor to upside price moves.”
Additional information about natural gas storage inventories, production levels, rig counts, demand issues, price trends and much more can be found in the Monthly Edition of The Advisor.
Take a FREE, no-obligation 60-day trial to The Advisor and receive the most recent Weekly Edition, as well as the upcoming Monthly Edition for August, which contains additional insight into why natural gas prices are expected to decline to a major seasonal low this fall. Learn more by visiting
www.energysolutionsinc.com.
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About Energy Solutions, Inc.
Formed in 1996, Energy Solutions, Inc. is independently owned. With more than 50 years of experience in the natural gas industry, our team focuses on natural gas prices and in helping businesses improve their internal processes for the purchase of natural gas.
