Natural Gas Weekly Update

Natural Gas Weekly Update The report provides market highlights, prices, supply and demand, lng, rig count, and storage data for the week ending august 28, 2024. it shows that natural gas prices fell at all major pricing locations, consumption declined in the electric power sector, and waha hub prices remained below zero. Working gas in storage was 3,334 bcf as of friday, august 23, 2024, according to eia estimates. this represents a net increase of 35 bcf from the previous week. stocks were 228 bcf higher than last year at this time and 361 bcf above the five year average of 2,973 bcf. at 3,334 bcf, total working gas is within the five year historical range.

Eiaтащs юааweeklyюаб юааnaturalюаб юааgasюаб Products Provide Timely юааnaturalюаб юааgasюаб On march 1, 2019, the natural gas spot price at sumas averaged $161.33 mmbtu because of supply constraints and unseasonably cold temperatures. an october 2018 explosion on westcoast energy’s bc pipeline led to higher prices at sumas during the winter of 2018–2019. on november 15, 2018, the sumas natural gas spot price reached $69.25 mmbtu. Summary. working gas in storage was 3,336 bcf as of friday, january 5, 2024, according to eia estimates. this represents a net decrease of 140 bcf from the previous week. stocks were 436 bcf higher than last year at this time and 348 bcf above the five year average of 2,988 bcf. at 3,336 bcf, total working gas is above the five year historical. Weekly natural gas storage report schedule holiday release schedule the standard release time and day of the week will be at 10:30 a.m. (eastern time) on thursdays with the following exceptions. According to the eia’s natural gas weekly update, natural gas deliveries to u.s. lng terminals are flowing at 13.9 bcf per day for the week ending november 8. european union storage inventories in europe are at record highs while natural gas demand continues to fall. these market factors may be putting pressure on prices.