CAISO SP15 +22.1% (3.4σ) | HH $2.73 | 5 others
Weather
6-10 Day Outlook For Aug 26 - 30 2026 map
8-14 Day Outlook For Aug 28 - Sep 03, 2026 map
Gas-weighted HDD, next 7 days: 0 total (0, 0, 0, 0, 0, 0, 0)
Pop-weighted CDD, next 7 days: 77 total (12, 12, 11, 11, 10, 10, 11)
HDD/CDD vs. normal: no free source (CPC normals file not located; forecast level shown instead)
Natural gas
Henry Hub front month $2.73 (-2.9%, 1.2σ)
↳ Henry Hub front month fell 2.9% as easing demand and excess supply pressured prices, with Appalachian curtailments looming as storage levels swell.
Front/second (U26/V26): -0.027 - contango
Widow-maker H27/J27: +0.124 (H 2.883 / J 2.759)
Storage 3169 Bcf (+16 w/w, +167 vs 5-yr, -30 vs yr-ago)
Production (marketed, monthly proxy 2026-05): 121.8 Bcf/d, +3.8% y/y
Regional basis (Waha, Algonquin, SoCal, TZ6, AECO): no free source (no free daily marks)
LNG feedgas noms (Sabine, Corpus, Freeport, Plaquemines): no free source (pipeline EBB data is paid)
Power burn (daily): no free source (weekly/monthly only)
Baker Hughes rig count: no free source (published as web XLSX, fetch not wired yet)
Power
CAISO SP15 DA $54.18 (prev $44.36) - heat rate 19.8 (prev 15.8) - spark $33.68 (prev $23.26)
ERCOT North DA $40.07 (prev $33.32) - heat rate 14.7 (prev 11.8) - spark $19.57 (prev $12.21)
PJM West DA $54.76 (prev $52.42) - heat rate 20.0 (prev 18.6) - spark $34.26 (prev $31.31)
Global gas & carbon
TTF €65.29/MWh (~$22.36/MMBtu) +3.0%
JKM $22.61/MMBtu +2.4%
Cargo arb JKM−HH: $19.88/MMBtu; TTF−HH $19.63
CCA / RGGI allowances: no free source (no free daily marks)
Crude
WTI $87.83 (+2.3%, 0.6σ)
Brent $93.78 (+2.4%, 0.5σ)
Energy equities
DVN $49.30 (+2.3%, 0.9σ)
↳ Devon Energy rose 2.3% amid multiple institutional investors taking or increasing positions in the stock.
LNG $279.17 (+1.8%, 0.7σ)
↳ Cheniere Energy gained 1.8% despite swinging to a quarterly loss on Iran war-related LNG derivative contract impacts, as institutional positioning and guidance shifts drew investor attention.
Quiet: WMB -2.1% · KMI -1.5% · NRG -4.3% · VST -2.6% · AR +1.6% · TLN -1.7% · RRC +0.9% · EQT +0.5% · CEG -0.5% · NVDA -0.3%
Friday recall
Close the email and answer out loud. Answers at the very bottom.
- Where did Henry Hub close each day this week?
- What's the widow-maker (Mar/Apr) spread into the weekend?
- Where did SP15 day-ahead print this week?
- What was Thursday's storage number vs. the 5-year?
- HH: Mon 2.69 Tue 2.78 Wed 2.81 Thu 2.73
- H/J: +0.124
- SP15: Mon 46.07 Tue 43.33 Wed 44.36 Thu 54.18
- Storage: +16 Bcf to 3169 (+167 vs 5-yr)