December 23rd 2019


Regardless of whether you’re lighting candles this week or hanging stockings by the fire, we’d like to wish you and your family a safe and happy holiday, on behalf of Energo.

Now for the gift that keeps on giving, our weekly Jolt.

Heating Oil

  • Prompt-month heating oil futures increased 1.78% for the week ending Friday, 12/20, as prices rose $0.0354 per gallon.
  • On the New York Mercantile Exchange, crude futures for delivery in January closed at $60.44 per barrel on Friday, 12/20, down 1.10% for the day, and up 0.77% for the week.

Why so crude? Crude oil prices were up last week overallbut fell last Friday with losses continuing into Monday. Prices rose early in the week due to optimism surrounding the US/China trade deal. Downward pressure on prices lately has been in response to large increase in the US rig count, signaling increased supply coming from the region. The Baker Hughes oil rig count rose last week, going from 667 to 685 and indicating increased domestic production.

Natural Gas

  • Prompt-month natural gas futures increased $0.032 for the week ending Friday, 12/20, to settle at $2.328/Dth.
  • Overall supply decreased by 0.6 Bcf from the previous week. Total demand increased by 6.0 Bcf.
  • Natural gas exports in September 2019 were 394,767 million cubic feet, compared with 301,746 million cubic feet in September 2018. This is a 30.83% increase.
  • Net withdrawals from storage totaled 107 Bcf, compared with the 5 year average net withdrawal of 112 Bcf and last year’s net withdrawal of 132 Bcf during the same week.
  • Working gas stocks total 3,411 Bcf, coming in 9 Bcf less than the five-year average and 618 Bcf more than last year at this time.

Bearish Tone & Warming Trends! Natural gas forecast continues to call for a warming trend. Look for the bearish tone to continue as long as the market remains under $2.239 with $2.169 the next major target. – FX Empire


  • Average peak prices in NYC increased last week, rising $8.60 to $34.27 per MWh.
  • Average peak prices in Central NY’s Zone C increased, rising $13.17 to $31.65 per MWh.
  • Average peak prices in New Jersey’s PSE&G increased, rising $8.12 to $34.27 per MWh.
  • Average peak prices in New Jersey’s ACE decreased, falling $2.42 to $23.29 per MWh.
  • Average peak prices in Pennsylvania’s PPL decreased, falling $1.07 to $23.55 per MWh.
  • Average peak prices in Maryland’s BGE decreased, falling $4.22 to $28.49 per MWh.
  • Calendar 2020 prices in NYC increased $0.13 per MWh, and Zone C prices decreased $0.12 per MWh.
  • Calendar 2020 prices in PSE&G decreased $0.28 per MWh, and ACE prices decreased $0.29 per MWh.
  • Calendar 2020 prices in PPL decreased $0.27 per MWh.

Happy Hanukkah! Both the Manhattan and Brooklyn Grand Army Plazas host competitors in the race for the World’s Largest Hanukkah Menorah. Missed the kick off last night? You can catch it each night through Sunday. – NYC The Official Guide


Crunch Time! If you haven’t yet begun your shopping, it’s time to start now, because if you wait much longer, it’s possible that your gifts won’t arrive on time — or you already missed the shipping deadline and will need to pick it up in the store. On the other hand, you’ll probably appreciate that most retailers are offering the year’s best deals on the most popular tech products right now. – The Verge

Marathon Cares

Energo was honored to be part of Wreaths Across America this Holiday seasonWreaths Across America is a nonprofit organization that puts wreaths on fallen Veterans’ graves. Energo donated ten wreaths to Woodland Cemetery in Syracuse, to honor those brave soldiers.

And remember, if you or your company are involved in helping your community, please let us know by emailing us here. After all, Marathon Cares.