Weather

6-10 Day Outlook For Aug 19 - 23 2026 map

8-14 Day Outlook For Aug 21 - 27 2026 map

Gas-weighted HDD, next 7 days: 0 total (0, 0, 0, 0, 0, 0, 0)

Pop-weighted CDD, next 7 days: 84 total (12, 12, 12, 12, 12, 12, 12)

HDD/CDD vs. normal: no free source (CPC normals file not located; forecast level shown instead)

Natural gas

Henry Hub front month $2.73 (-2.7%, 1.2σ)

↳ Henry Hub declined 2.7% amid reported negative factors and inventory concerns, though a regional heat wave in the Southeast supported spot market strength.

Front/second (U26/V26): -0.058 - contango

Widow-maker H27/J27: +0.124 (H 2.945 / J 2.821)

Storage 3153 Bcf (+36 w/w, +182 vs 5-yr, -33 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

ERCOT North DA $24.49 (prev $24.77) - heat rate 9.0 (prev 8.8) - spark $4.04 (prev $3.74)

PJM West DA $56.08 (prev $52.09) - heat rate 20.6 (prev 18.6) - spark $35.63 (prev $31.06)

CAISO SP15 DA $45.82 (prev $49.26) - heat rate 16.8 (prev 17.6) - spark $25.37 (prev $28.23)

Global gas & carbon

JKM $21.19/MMBtu -0.2%

Cargo arb JKM−HH: $18.47/MMBtu; TTF−HH $17.78

CCA / RGGI allowances: no free source (no free daily marks)

Crude

WTI $81.25 (-2.4%, 0.6σ)

Brent $87.07 (-2.1%, 0.5σ)

Energy equities

KMI $32.08 (+1.1%, 0.9σ)

↳ Kinder Morgan rose 1.1% following PSX and DINO's advancement of the $5B Western Gateway Pipeline Project in which KMI is a partner.

DVN $44.39 (-1.0%, 0.4σ)

↳ Devon Energy fell 1.0% after Barclays lowered its price target from $62 to $58, though maintaining an overweight rating.

LNG $266.48 (-0.6%, 0.3σ)

↳ Cheniere Energy declined 0.6% with minimal headline support beyond general analyst commentary on the global LNG market shift.

NVDA $225.30 (+0.5%, 0.2σ)

↳ NVIDIA rose 0.5% on continued strength in data center revenue (+92%) and positive outlook for AI infrastructure demand into late 2026.

CEG $278.64 (-0.0%, 0.0σ)

↳ Constellation Energy was flat despite insider buying and company guidance raises tied to growing nuclear demand from data-center power needs.

Quiet: AR -1.8% · WMB -0.9% · TLN -1.8% · RRC -0.7% · NRG -0.8% · VST -0.2% · EQT +0.0%

Friday recall

Close the email and answer out loud. Answers at the very bottom.

1. Where did Henry Hub close each day this week?
2. What's the widow-maker (Mar/Apr) spread into the weekend?
3. Where did SP15 day-ahead print this week?
4. What was Thursday's storage number vs. the 5-year?