CES Market Summary/October Insider

October 2024

Key Takeaways

WTI closed at $74.38/barrel on Friday, up 9.09% from the week prior, while Brent closed at $78.05/barrel, up 8.43% week-over-week. Crude prices rose amid escalating conflict in the Middle East. The natural gas prompt month is down 2.36% week-over-week to $2.85/MMBtu as mild temperatures have kept spot prices low. The NEPOOL 12-month electricity strip was up by 0.79% week-over-week to $57.26/MWh following an increase in NYMEX gas prices. The 2025 and 2026 calendar year strips exhibited upward movement while the 2027 strip slid.

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From the Podium: Insights on Liquid Biofuels & Renewable Fuels

By Keith Sampson,

Vice President, Energy Services

Recently, I had the privilege of participating in a panel discussion on the latest applications and advancements in the liquid fuels marketplace at the Northeast Energy and Commerce Association’s 2024 Fuels Conference. Hosted at the Federal Reserve Bank of Boston near South Station, this event brought together diverse insights into the present and future roles of bio and renewable fuels. I was honored to share the stage with such remarkable panelists, including....

Community Support Monarch Fore Charities Golf/Pickleball Tournament

On Tuesday, September 10, Competitive Energy Services (CES) participated in the 3rd annual Monarch Fore Charities Golf & Pickleball Tournament, proceeds of which benefit various charities in Springfield, Massachusetts including Spirit of Springfield, Baystate Health, Springfield Museum, Square One, Thomas J. O’Connor Animal Control & Adoption Center, Community Legal Aid, Ronald McDonald House of Springfield, and the Italian Cultural Center of Western MA. Congratulations on a successful event!

The CES Team Foursome pictured from left-to-right:

Max Webb, Managing Director of Pricing Analytics; Aaron Porchelli, Energy Services Advisor; Declan Clougherty, Energy Services Advisor; Keith Sampson, Senior Vice President, Energy Services

Photo by: Gillian Gray

CES News New Hires

Declan Clougherty

Energy Services Advisor

Declan Clougherty joined Competitive Energy Services in 2024 as an Energy Services Advisor. In this role, Declan is dedicated to helping clients achieve both their short- and long-term energy goals through strategic oversight of energy procurement and steadfast client support. His background in data analysis and strategic operations, combined with his passion for sustainable business practices and emerging energy technologies, supports his commitment to delivering insightful market analysis and innovative solutions. Declan holds a B.S. in Business Administration from Georgia Tech with a concentration in Strategy and Innovation, and a minor in Law, Science, and Technology.

Daniel Long

Client Development Coordinator

Dan Long joined Competitive Energy Services in 2024 as a Client Development Coordinator, where he helps drive the RFP process and supports lead generation efforts. His contributions play a key role in helping CES acquire new clients and broaden its presence in the industry. Before his tenure at CES, Dan specialized in supporting Independent Power Producers, developers, and utilities in achieving their talent acquisition objectives. He holds a Bachelor of Science in Business Administration with a concentration in Marketing from Westfield State University and is currently pursuing his MBA part-time at Suffolk University.

Have an Energy Question?

If you have a pressing energy question, or would like to hear about a particular topic in a future edition of the CES Insider, please contact us on our website today. We look forward to hearing from you!

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