Today in oil and natural gas markets:
The NOAA’s Oct 9 ENSO Diagnostic Discussion determined that La Niña conditions are present and favored to persist through December 2025 - February 2026, with a transition to ENSO-neutral likely in January-March 2026 (55% chance).
The U.S. installed nearly 4.6 times more solar capacity than gas-fired generation through the first eight months of 2025. The EIA’s latest Form 860 data suggests this trend will continue, with solar additions expected to exceed gas by 4.2 times by the start of 2026.
