[Market Update] While Oil Prices Have Collapsed, Natural Gas Prices Are Holding Their Own and Gaining Slightly in Value in the Outer Years

Global demand for crude oil remains depressed, down 25 million barrels amid a global halt in travel and lock down orders throughout industrialized nations. Crude oil prices collapsed, down 40%, in the morning, trading as storage facilities are full and excess oil supplies have no place to go. While oil prices have collapsed, natural gas prices are holding their own and gaining slightly in value in the outer years. The very distressed state of the oil market is supportive and bullish of natural gas in the mid-term and beyond. Exports of natural gas from the U.S. are somewhat a surprising strong point as global LNG prices have collapsed and very low prices are spurring some demand on the power generation side in Asia. The case for the natural gas market to begin to re-balance in the second half of 2020 and throughout 2021 remains in tact for now. End users in COVID resistant businesses and industries should have an interest in these very low prices

Read the complete market update courtesy of Constellation.

[New Suppliers] BOX Introduces Colonial Energy, Advantage Energy Partners and Approved Energy

Colonial Energy (Custom Pricing)

CT, GA, MD, NJ, NY, NC, PA, SC, VA (gas)

Colonial Energy, Inc. (CEI) delivers reliable natural gas supplies at competitive prices to small and large business customers, utilities, power generators, large industrial, institutional, and commercial customers in the Eastern United States. With operational headquarters in Fairfax, Virginia, and strategically located regional offices in the New York Metro area, Houston, Pittsburgh and Clarkesville, Georgia, along with gas storage facilities in New York, Pennsylvania, and Louisiana, Colonial Energy is ideally positioned to bring Gulf Coast and Appalachian supply to wholesale and retail customers in the Eastern U.S.

Advantage Energy Partners (Matrix & Custom Pricing)

OH (gas)

Advantage Energy Partners is a completely independent procurement advisory firm. Their sole focus is finding the right energy solution for commercial, industrial, agricultural and governmental clients across the United States. Additionally, Advantage Energy Partners is the exclusive marketer of all the natural gas produced by BOCOR Holdings.

Approved Energy (Custom Pricing)

NJ, NY (gas)

NJ, NY (electricity)

At Approved Energy, their mission is to be the industry leader in competitive, trusted and reliable service offerings.  For the following attributes, Approved Energy is proud to offer the most integrated residential, small-business and large commercial customer experience on the market today.