More Bad News for Energy Buyers. The Beacon, 09/13/2021

The Headline:   Gulf drilling rigs are starting to open back up after Hurricane Ida, and the storage injection was as-expected, but prices continue to rise based on the amount of gas production still shut in, strong LNG demand overseas, and continued hotter weather.               

The Bottom Line:    Make sure your affairs are in order.   We are hopeful that some of the weak fundamentals will firm up over the coming weeks, allowing for some price relief.   If your LOA isn’t signed yet, or your bidders aren’t lined up, or your strategy isn’t in place, you need to talk to Lighthouse ASAP.           

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