Rachel Koch

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 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.

Nov 13, 2024 | insight.factset.com | Rachel Koch |Eric Wright |Nate Miller |Mitch Jennings

The U.S. gas market has been in a pickle since the 2023/2024 warm winter that caused storage to be oversupplied throughout the course of Summer 2024. While production curtailments, reduced drilling activity in gas-directed basins, and record power burn helped to narrow the storage surplus relative to the five-year average, it wasn’t enough to completely eliminate the overhang. This leaves the U.S. gas market oversupplied by over 200 Bcf heading into the upcoming winter.