Weekly Energy Report (03/30/2020)

The market’s see-saw of the last few weeks has stabilized somewhat, with only slight changes across the forward curve. A couple of recent trends bear watching, however: 1) the 12-month strip is starting to pull away from the 24-month and longer strips, based on COVID19-related demand destruction. As demand starts to pick back up (either due to increased activity or weather), the front end prices may jump. 2) The drilling rig count had another big drop last week, and rigs are down 19% in the last 2 weeks. If demand picks up on short notice, short term prices may jump based on supply constraints.

We cannot stress enough the opportunity available for businesses to lock in artificially low power and natural gas prices during this event — your bills will be lower, and your business will be stronger and more profitable, because you took a few minutes to contact Lighthouse and get the best rates possible. Give us a call at 937-709-0098 x701 today!

Click HERE for your copy of the report.