Matthew Hoza

1 month ago | insight.factset.com | Matthew Hoza |FactSet Insight |Nate Miller |Mitch Jennings

Even as demand from data centers grows, weather remains a dominant factor affecting both gas and power markets across the United States. In Texas, the drop to frigid temperatures several times this winter has led to a significant increase in ERCOT prices, surging by an average of 20% compared to the previous year.

Jan 16, 2025 | insight.factset.com | Rachel Koch |Camille Buckley |Matthew Hoza |Mitch Jennings

The natural gas market in 2024 experienced significant volatility, with a mild winter that led to oversupplied storage, resulting in crashing prices and production curtailments. Despite strong summer power burn, LNG growth faced delays and the U.S. saw record net imports from Canada, resulting in over 3.97 Tcf of gas in storage exiting the summer. As we go further into 2025, the market’s path remains uncertain, but several key trends are expected to shape its trajectory.

Jan 9, 2025 | insight.factset.com | Camille Buckley |Matthew Hoza |Mitch Jennings

The oil and gas market remained as volatile as ever in 2024, and the U.S. producer response wasn’t without its surprises. On the oil side, an underperformance of global oil demand weighed on prices, while the gas side saw the domestic market hampered by a warmer-than-normal ‘23/’24 winter that lead to high levels of gas in storage and production curtailments.

Jan 7, 2025 | insight.factset.com | Matthew Hoza |Mitch Jennings |Rachel Koch

Data centers and load growth were a throughline for 2024 power markets. The year saw a continuation of the industry's reckoning with a change from flat or declining demand to seemingly uncapped growth. ERCOT’s load forecasts encapsulate the frenzy around revising load estimates upward, with the ISO calling for its load to essentially double by 2030.

Aug 1, 2024 | insight.factset.com | Matthew Hoza |Eric Yussman |John Feng

While the stock market is cooling off from its AI fervor, energy markets continue their march towards a world of increasing electricity demand brought on by new data centers. As we outlined in our previous Insight, the U.S. East Coast, more specifically the Southeast, will be a focal point of increasing energy demand. However, that region of the country has also lagged in renewables growth, leaving natural gas from the Gulf Coast as the primary means to meet most of the shortfall in supply.