This week’s newsletter offers a concise overview of the key figures and data in the energy markets for the week.
The table and the charts below show some key market movers early this week, followed by the latest analysis of the top news events in the global energy complex over the past few days.
– US electricity demand is expected to surge to levels not seen since the summer of 2013, as regional operator PJM has warned that consumption could potentially reach 158 GW, with temperatures nearing 100°F.
– Power demand in the US averaged 36.5 BCf/d over the weekend before skyrocketing to 47.5 BCf/d on 24-25 June, greatly slowing down the pace of US natural gas storage injections this week.
– Henry Hub gas futures in the US showed little reaction to the unfolding Israel-Iran conflict and moved within a relatively narrow $3.5-4.0 per mmBtu range throughout June, with the September 2025 contract remaining the most traded one.
Higher temperatures have capped US feed gas demand at around 15 BCf/d, despite the return of Sabine Pass LNG from a month-long maintenance period, just as global LNG prices shed all geopolitical risk premium and are back to trading at $13 per mmBtu.
Market Movers
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