MARKET INTELLIGENCE & INDUSTRY NEWS

Jul 30, 2020
1 min

EIA Natural Gas Storage Report 7-30-20

EIA Natural Gas Storage Report 7-30-20 Working gas in storage was 3,241 Bcf as of Friday, July 24, 2020, according to EIA estimates. This represents a net increase of 26 Bcf from the previous week. Stocks were 626 Bcf higher than last year at this time and 429 Bcf above the five-year average of 2,812 Bcf. At 3,241 Bcf, the total working gas is within the five-year historical range. Analyst anticipate to see a build of 25 bcf, which is 31 bcf smaller than a year ago and 8 bcf

Jul 23, 2020
1 min

EIA Natural Gas Storage Report 7-23-20

EIA Natural Gas Storage Report 7-23-20 Working gas in storage was 3,215 Bcf as of Friday, July 17, 2020, according to EIA estimates. This represents a net increase of 37 Bcf from the previous week. Stocks were 656 Bcf higher than last year at this time and 436 Bcf above the five-year average of 2,779 Bcf. At 3,215 Bcf, total working gas is within the five-year historical range. The EIA reported an injection of 37 bcf which is equal to the avg analyst expectations of 37 bcf. S

Jul 16, 2020
1 min

EIA Natural Gas Storage Report 7-16-20

EIA Natural Gas Storage Report 7-16-20 Working gas in storage was 3,178 Bcf as of Friday, July 10, 2020, according to EIA estimates. This represents a net increase of 45 Bcf from the previous week. Stocks were 663 Bcf higher than last year at this time and 436 Bcf above the five-year average of 2,742 Bcf. At 3,178 Bcf, the total working gas is within the five-year historical range. The EIA reported an injection of 45 bcf which is smaller than expectations of 50 bcf. Stocks we

Jul 9, 2020
1 min

EIA Natural Gas Storage Report 7-09-20

EIA Natural Gas Storage Report 7-09-20 Working gas in storage was 3,133 Bcf as of Friday, July 3, 2020, according to EIA estimates. This represents a net increase of 56 Bcf from the previous week. Stocks were 685 Bcf higher than last year at this time and 454 Bcf above the five-year average of 2,679 Bcf. At 3,133 Bcf, the total working gas is within the five-year historical range. The EIA reported an injection of 56 bcf which is higher than expectations of 56 bcf. 65 bcf from

Jun 25, 2020
1 min

EIA Natural Gas Storage Report 6-25-20

EIA Natural Gas Storage Report 6-25-20 Working gas in storage was 3,012 Bcf as of Friday, June 19, 2020, according to EIA estimates. This represents a net increase of 120 Bcf from the previous week. Stocks were 739 Bcf higher than last year at this time and 466 Bcf above the five-year average of 2,546 Bcf. At 3,012 Bcf, the total working gas is within the five-year historical range. The EIA reported an injection of 120 bcf which is higher than expectations of 107 bcf. This is

Jun 18, 2020
1 min

EIA Natural Gas Storage Report 6-18-20

EIA Natural Gas Storage Report 6-18-20 Working gas in storage was 2,892 Bcf as of Friday, June 12, 2020, according to EIA estimates. This represents a net increase of 85 Bcf from the previous week. Stocks were 722 Bcf higher than last year at this time and 419 Bcf above the five-year average of 2,473 Bcf. At 2,892 Bcf, the total working gas is within the five-year historical range. July natural gas NGN20,0.79% was down 1.3 cents, or 0.8%, at $1.625 per million British thermal

Jun 11, 2020
1 min

EIA Natural Gas Storage Report 6-11-20

EIA Natural Gas Storage Report 6-11-20 Working gas in storage was 2,807 Bcf as of Friday, June 5, 2020, according to EIA estimates. This represents a net increase of 93 Bcf from the previous week. Stocks were 748 Bcf higher than last year at this time and 421 Bcf above the five-year average of 2,386 Bcf. At 2,807 Bcf, the total working gas is within the five-year historical range. Analyst expect the EIA to report 2,801 bcf of working gas in storage for the week ending June 5

Jun 5, 2020
1 min

EIA Natural Gas Storage Report 6-04-20

EIA Natural Gas Storage Report 6-04-20 Working gas in storage was 2,714 Bcf as of Friday, May 29, 2020, according to EIA estimates. This represents a net increase of 102 Bcf from the previous week. Stocks were 762 Bcf higher than last year at this time and 422 Bcf above the five-year average of 2,292 Bcf. At 2,714 Bcf, the total working gas is within the five-year historical range. Both the 12- and 24-month strip prices rose slightly from last week, settling at $2.147/Dth and

Feb 6, 2020
1 min

EIA Natural Gas Storage Report 2-06-20

EIA Natural Gas Storage Report 2-20-20 The U.S. Energy Information Administration reported Thursday that working gas in storage was 2,609 Bcf as of Friday, January 31, 2020, according to EIA estimates. This represents a net decrease of 137 Bcf from the previous week. Stocks were 615 Bcf higher than last year at this time and 199 Bcf above the five-year average of 2,410 Bcf. At 2,609 Bcf, the total working gas is within the five-year historical range. Analysts expected a dra

Dec 26, 2019
2 min

U.S. natural gas production hit a new record high in 2018

U.S. natural gas production grew by 10.0 billion cubic feet per day (Bcf/d) in 2018, an 11% increase from 2017. The growth was the largest annual increase in production on record, reaching a record high for the second consecutive year. U.S. natural gas production measured as gross withdrawals averaged 101.3 Bcf/d in 2018, the highest volume on record, according to EIA’s Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report. U.S. natural gas production measure

Dec 19, 2019
1 min

EIA Natural Gas Storage Report 12-19-19

EIA Natural Gas Storage Report 12-19-19 The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 107 billion cubic feet for the week ended Dec. 13. Analysts expected a fall of 93 billion cubic feet, on average, according to a survey conducted by S&P Global Platts. Total stocks now stand at 3.411 trillion cubic feet, up 618 billion cubic feet from a year ago, but 9 billion cubic feet below the five-year average, the government

Aug 23, 2018
2 min

EIA Natural Gas Storage Report 08-23-18

In the days leading up to today's EIA Natural Gas storage report Natural gas wholesale contracts are inching higher early Wednesday just slightly below last week’s top at $2.979. Natural gas prices rose on Tuesday after the latest weather models showed early indications of hotter weather at the end of August and the early part of September. Tuesday, the September wholesale contract settled at $2.98, up $0.039 or +1.32%. The deferred wholesale contract strip of November to Ma

Aug 22, 2018
3 min

U.S. natural gas pipeline exports increase with commissioning of new pipelines in Mexico

U.S. natural gas pipeline exports to Mexico have been increasing following expansions of cross-border pipeline capacity. These exports averaged 4.2 billion cubic feet per day (Bcf/d) in 2017 and 4.4 Bcf/d through the first five months of 2018. Based on data compiled by Genscape, natural gas exports to Mexico by pipeline exceeded 5 billion cubic feet per day (Bcf/d) for the first time in July 2018, after the commissioning of several key pipelines in Mexico. By the end of 2018,

Aug 21, 2018
2 min

Natural gas-fired electricity generation this summer expected to be near record high

EIA’s July 2018 Short-Term Energy Outlook (STEO) expects natural gas-fired power plants to supply 37% of U.S. electricity generation this summer (June, July, and August), near the record-high natural gas-fired generation share in summer 2016. EIA forecasts the share of generation from coal-fired power plants will drop slightly to 30% in summer 2018, continuing a multi-year trend of lower coal-fired electricity generation. The share of electricity generation supplied by natura

Aug 16, 2018
2 min

Summer natural gas price spreads between Henry Hub and Appalachian region have narrowed

Over the past decade, natural gas production in the Appalachian region has grown faster than capacity to move the gas into U.S. markets, pushing down local prices. More recently, pipeline infrastructure from Appalachia has increased capacity to deliver Appalachian natural gas to regional markets, increasing relative spot prices at Appalachian hubs, and narrowing their price spreads relative to the U.S. natural gas price benchmark Henry Hub in Louisiana. EIA’s latest data indi

Mar 22, 2018
2 min

EIA Natural Gas Storage Report 03-22-18

Natural gas wholesale contracts fell yesterday after the nor’easter failed to ignite natural gas prices on Wednesday. The April wholesale natural gas contract settled at $2.638, down $0.037 or -1.37%. Going into this storage report, a Reuters survey of traders and analysts pegged the average at -87 Bcf with a range of -77 Bcf to -99 Bcf. The first week of April is projected to be colder than normal with HDDs higher for the first five days. The end result is that storage is n

Mar 20, 2018
2 min

Electricity generation from fossil fuels declined in 2017 as renewable generation rose

According to EIA’s Electric Power Monthly, total U.S. net electricity generation fell slightly (down 1.5%) in 2017, reflecting lower electricity demand. Natural gas and coal generation fell by 7.7% and 2.5% from 2016, respectively, as generation from several renewable fuels, particularly hydro, wind, and solar, increased from 2016 levels. Although natural gas continued to be most-used fuel for electricity generation for the third consecutive year, natural gas-fired electricit

Mar 15, 2018
2 min

EIA Natural Gas Storage Report 03-15-18

U.S. utilities likely withdrew 96 billion cubic feet (bcf) of natural gas from storage last week, about average for this time of year, a poll of analysts showed on Wednesday. That compared with a year-earlier decline of 55 bcf and a five-year average decrease of 97 bcf for the corresponding period. In the prior week ended March 2, utilities pulled 57 bcf out of storage. If correct, total stocks would fall to 1.529 trillion cubic feet (tcf), the lowest amount of gas in storage

Mar 12, 2018
2 min

Natural gas expected to remain most-consumed fuel in the U.S. industrial sector

EIA expects a 40% increase in natural gas consumed in the U.S. industrial sector, from 9.8 quadrillion British thermal units (Btu) in 2017 to 13.7 quadrillion Btu in 2050, according to the Annual Energy Outlook 2018(AEO2018) Reference case. By 2020, total industrial natural gas consumption will surpass the previous record set in the early 1970s, according to the AEO2018 Reference case. The U.S. industrial sector consumes more natural gas than any other sector, surpassing elec

Jan 25, 2018
2 min

EIA Natural Gas Storage Report 01-25-18

The February wholesale contract rebounded by 32.4 cents this week to $3.509 Wednesday on the New York Mercantile Exchange after touching $3.628 the previous evening, the highest intraday price Dec. 2016. February gas touched a 50-cent premium to March, the most for this time of the year in exchange data going back to 1990. " With the move in wholesale contracts concentrated in the February contract, which expires on Jan. 29, the market “needs to get through” the major weekl

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