May 2025

Key Takeaways

Brent closed at $61.29 per barrel last week, down 8.3% week-over-week. WTI fell 7.5% week-over-week to $58.29 per barrel. OPEC+ decided over the weekend to increase output despite demand uncertainty. The NYMEX prompt month rose by $0.69 week-over-week to $3.63/MMBtu, a 23.6% increase. The rolling 12-month strip increased $0.54 week-over-week to $4.26/MMBtu, a 14.4% rise. Warmer weather increased demand from the electricity generation sector to meet cooling demand. The NEPOOL 12-month electricity strip increased 5.05% week-over-week to $65.75/MWh. The 2026, 2027 and 2028 calendar year strips all increased in price week-over-week. 




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WINTER 2024-25 NATURAL GAS RECAP: HOW DID PRICES COMPARE TO THE PAST DECADE?

By Keith Sampson, Senior Vice President, Energy Services and Max Webb, Managing Director of Pricing Analytics

The 2024-25 winter began with record high natural gas storage levels, historically low natural gas New York Mercantile Exchange (NYMEX) futures prices, and weather forecasts pointing to a mild season. The Northeast U.S., though, experienced prolonged cold weather resulting in much higher than anticipated energy prices. In this blog, we will recap the 2024-25 winter, cover what has (and has not) changed with the northeast natural gas.... 


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REGISTER TODAY | CES Virtual Spring Seminar

If the changing energy regulatory landscape has you dreaming of going to Oz, listen in!

Turbulent geopolitical tensions are forcing consumers in the United States and in nations the world over to reconsider energy security, the diversification of energy supply, new energy supply routes and energy costs. Many companies are wondering how commodity markets will react to the quickly changing regulatory landscape.


We recognize that by June, the energy landscape could look very different than it does today – and that topics are likely to shift, change, or evolve in a new way. Know that CES has its eye on market trends, on geopolitics, and related ripple effects and will present the most relevant and current information that you need to know to help you best manage your business.


Register to attend Competitive Energy Services’ free online energy market seminar, titled Volatility, Geopolitics, and a Changing Regulatory Landscape – Oh My!: The Impact on Business,” which will be held on Wednesday, June 11 from Noon – 1:00 p.m. (including Q&A) and join CES Energy experts who will be on hand that day to cover top-of-mind energy topics, including:

 

💡Geopolitics & the Impact on the Energy Industry – Do tariffs add costs that consumers weren’t expecting?

💡Natural Gas Production - What will happen with natural gas production, demand and exports?

💡Commodities Markets – a review of energy commodities markets including current trends and future outlooks.

💡Renewables - Will the pace at which we adopt renewables slow?


All seminar attendees are automatically entered into our end-of-seminar drawing!


We look forward to seeing you! 

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