Wednesday, September 3, 2025
Sunday, August 31, 2025
Saturday, August 30, 2025
Friday, August 29, 2025
Tuesday, August 26, 2025
Monday, August 25, 2025
This Week In Energy : EIA
Source/Author: US DOE EIA
We forecast natural gas consumption in the United States will increase 1% to set a record of 91.4 billion cubic feet per day (Bcf/d) in 2025. In our latest Short-Term Energy Outlook, we expect natural gas consumption to increase across all sectors except for electric power, which had been the source of most natural gas consumption growth in the previous decade.
Natural gas consumption was high in the beginning of the year, driving our forecast. In January, U.S. natural gas consumption was a record 126.8 Bcf/d, 5% more than the previous record set in January 2024, according to data in our Natural Gas Monthly.
In February 2025, U.S. natural gas consumption was 115.9 Bcf/d, 5% more than the previous February consumption record set in 2021. Natural gas consumption in these winter months was driven in part by colder weather, including a polar vortex event in mid-January.
U.S. natural gas consumption typically peaks in January or February, when demand for space heating in the residential and commercial sectors is greatest. According to household data from the U.S. Census Bureau's American Community Survey, 45% of homes use natural gas as their primary heating fuel.
We estimate that U.S. natural gas consumption decreased this spring and summer, compared with consumption over the same period last year, especially in the electric power sector. Natural gas remains the most prevalent source of electricity generation in the United States, but so far in 2025 natural gas has lost market share in the electric power sector to coal, solar, and wind.
We expect increases in natural gas consumed in the residential and commercial sectors to offset decreases in natural gas consumed in the electric power sector. We currently forecast U.S. natural gas consumption will decrease slightly in 2026, due in part to expected milder weather in the winter months and therefore less consumption in the residential and commercial sectors.
Sunday, August 24, 2025
Gold : Overnight Update
Gold dipped to around $3,360 per ounce on Monday, following a more than 1% gain in the previous session, as the US dollar attempted to recover after a dovish shift by Fed Chair Jerome Powell.
In his Jackson Hole speech, Powell signaled the possibility of rate cuts, noting that while unemployment remains low, labor market risks are rising and monetary policy remains "restrictive," suggesting potential adjustments may be needed.
Markets reacted swiftly, with futures now nearly fully pricing in a 25bps cut in September.
Meanwhile, escalating tensions between Russia and Ukraine also boost the safety appeal for gold. Ukrainian President Volodymyr Zelensky, in a defiant address, pledged to continue defending the nation "while its calls for peace are not heard."
His remarks came after Moscow claimed Ukraine targeted Russian power and energy facilities overnight, including a fire at a nuclear plant in the western Kursk region.
Natural Gas Market : Update
US natural gas futures fell toward $2.7/MMBtu on Friday, their lowest since November 2024, as supply remained abundant.
Production in the Lower 48 states averaged a record 108.4 bcfd so far in August, slightly above July's 107.9 bcfd.
Despite hotter-than-usual summer temperatures, strong supply has allowed storage levels to remain well above average, about 5.8% higher than typical for this time of year.
However, the latest weekly injection into storage was below the five-year norm, suggesting limited pressure from demand.
LNG export flows have risen modestly, averaging 15.8 bcfd in August.
With weather expected near seasonal norms through early September, demand is unlikely to spike, keeping prices under pressure despite occasional short-term gains.
Silver : Update
Silver soared to $39 per ounce, approaching the 14-year high of $39.5 touched in the end of July amid the outlook of rate cuts by the Fed, while markets assessed the demand for silver's industrial uses.
The Fed sees a shift in the balance of risks of a weaker labor market against inflation following the revision to payrolls and higher unemployment, likely warranting an adjustment to monetary policy that will translate to a 25bps rate cut in the upcoming September decision.
Additionally, traders moved to place more bets of three total rate cuts this year, supporting non-yielding precious metals. On the industrial front, new data showed that solar cell exports from China grew over 70% in the first half of the year, supported by stronger photovoltaic demand form India.
This was after China installed over 93 gigawatts capacity of solar panels in May, a 300% surge annually to a fresh record high before a new set of policy changes would make it more difficult to attach panels to grids.
The Fed sees a shift in the balance of risks of a weaker labor market against inflation following the revision to payrolls and higher unemployment, likely warranting an adjustment to monetary policy that will translate to a 25bps rate cut in the upcoming September decision.
Additionally, traders moved to place more bets of three total rate cuts this year, supporting non-yielding precious metals. On the industrial front, new data showed that solar cell exports from China grew over 70% in the first half of the year, supported by stronger photovoltaic demand form India.
This was after China installed over 93 gigawatts capacity of solar panels in May, a 300% surge annually to a fresh record high before a new set of policy changes would make it more difficult to attach panels to grids.
Saturday, August 23, 2025
🚨 BREAKING
Maduro mobilizes Venezuela's Special Forces with Chinese weapons as a show of force, following increased U.S. Navy presence in the Caribbean.
Tensions rise in the region amid growing military posturing.
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Fed Sees Conditions For A Rate Cut
The Fed held rates steady at 4.25%–4.50% for a fifth straight meeting, as expected, but two governors dissented in favor of a cut—the first such dual dissent since 1993.
Policymakers observed that, while fluctuations in net exports continue to influence the data, recent indicators point to a moderation in economic activity in H1—contrasting with earlier assessments that growth was proceeding 'at a solid pace'.
The Fed also said that the unemployment rate remains low while inflation remains somewhat elevated, and uncertainty about the economic outlook persists.
The Fed reinforced that additional adjustments to the interest rate will depend on incoming data, the evolving outlook, and the balance of risks.
The central bank maintained a wait-and-see approach amid rising concerns that the ongoing trade war could undermine progress toward the 2% inflation target.
source: Federal Reserve
Policymakers observed that, while fluctuations in net exports continue to influence the data, recent indicators point to a moderation in economic activity in H1—contrasting with earlier assessments that growth was proceeding 'at a solid pace'.
The Fed also said that the unemployment rate remains low while inflation remains somewhat elevated, and uncertainty about the economic outlook persists.
The Fed reinforced that additional adjustments to the interest rate will depend on incoming data, the evolving outlook, and the balance of risks.
The central bank maintained a wait-and-see approach amid rising concerns that the ongoing trade war could undermine progress toward the 2% inflation target.
source: Federal Reserve
Friday, August 22, 2025
Thursday, August 21, 2025
Wednesday, August 20, 2025
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