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Net Increase Of 44 Bcf From The Previous Week

Net injections [of natural gas] into storage totaled 44 Bcf for the week ended August 5, compared with the five-year (2017–2021) average net injections of 45 Bcf and last year's net injections of 44 Bcf during the same week. Refinery run rates decreased to 90. Weekly Natural Gas Storage Report for August 11th. In February of 2022, right as the Ukraine war was about to begin, a group of U. 6 Bcf/d, which was mainly the result of a 2. The Mountain region picked up 1 Bcf, while the Pacific lost 1 Bcf. Data extracted from EIA website: () (( New York Energy Desk;; +1 646 223 6050)).

Net Increase Of 44 Bcf From The Previous Week To Check

Ahead of the report, surveys by Bloomberg, Reuters and the Wall Street Journal each produced a range of injection estimates from 30 Bcf to 44 Bcf. The gain has been seen as a political snub to President Biden. This is creating a tsunami of new liquified natural gas supply on the world LNG markets and is set to upend the current energy world order. Freeport LNG, the second-biggest U. LNG export plant, was consuming about 2 billion cubic feet per day (bcfd) of gas before it shut on June 8. That compares with an average of 2. Freeport has been pulling in gas to feed the power plant since around mid July. The report estimated current demand at 606, 000 barrels per day, an increase of 139, 000 barrels daily from the previous report week. Net increase of 44 bcf from the previous week to check. Natural gas prices dipped after the data and have given up most of today's gains. Net change: -91 bcf vs -82 bcf for the week ending January 13, 2023. Natural gas is being seen as a solution for wet grain for farmers in North Dakota. EIA reported national distillate demand at 3. Demand for gasoline rose 582, 000 barrels per day to 9.

Net Increase Of 44 Bcf From The Previous Week To Date

Natural Gas Market Recap. An historical series of the salt and nonsalt subtotals of the Producing Region is available for download at: Top 5 From CES 2020! ULSD finished last week at $3. 4mm bbls; volumes at Cushing have continued to hover close to the minimum storage. While pulls from South-Central storage are not uncommon for mid-July through August, as states in the southeast quadrant of the country grapple with summer cooling demand, the pull was four times larger than the region's five-year average of 4 Bcf for the same week. 325 set the stage for a recovery to $9. Net increase of 44 bcf from the previous week to date. The Energy Information Administration (EIA) reported a larger-than-expected 44 Bcf injection into natural gas storage facilities for the week ending Aug. 5. The 18th consecutive weekly build of the injection season was smaller than the increase of 49 bcf recorded in the same week a year ago. 3 GW of capacity retirements are expected for the U. electric power sector in 2019.

Net Increase Of 44 Bcf From The Previous Week 2

Choppy price action was seen after the data was published. 9 Bcf/d, inventory would be 3, 530 Bcf at the close of refill season. Platts Analytics expects further upside to the winter and summer 2021 strips amid associated gas production declines. 724 million barrels per day during the report week, a decrease of 152, 000 barrels daily. EIA Natural Gas Report. Jet fuel supplied decreased by 0. We discuss: -CA's electric vehicle mandate.

Net Increase Of 44 Bcf From The Previous Week Per

Environmental activists have stopped recent attempts to commission new long haul natural gas pipelines from the Northeast to the Gulf LNG export facilities, and the movement doesn't seem to be letting up any time soon. Production also hit fresh highs at around 98 Bcf/d last week before succumbing to maintenance in recent days. APR22, settled at $3. While prices opened at a healthy $9. The gas price increase came despite a bigger-than-expected storage build as the ongoing outage at Freeport leaves more gas in the United States for utilities to inject into stockpiles for next winter. Today the U. is the largest LNG exporting country and currently has ~12 Bcf/d of capacity operational for export. The United States became the world's top LNG exporter during the first half of 2022. Net increase of 44 bcf from the previous week per. Natural gas volatility has expanded dramatically in 2022. That's 189 Bcf lower than the five-year average of 3, 719 Bcf. Robert Yawger, executive director of energy futures at Mizuho, said the Freeport news "put a bid in the market. Spreads from summer to winter have narrowed by nearly 10 cents over the last week to 63 cents, down from 72 cents a week ago and considerably wider than the roughly 90-cent spread seen at the beginning of this month. Global natural gas prices have rallied, in some cases trading at their highest point in over a decade. Total petroleum product inventories rose by 7.

Net Increase Of 44 Bcf From The Previous Week Will

U. storage volumes now stand at 320 Bcf, or 8%, less than last year's level of 3, 943 Tcf and 58 Bcf, or 1. July 2022 volatility indicates the possibility of prices ranging up or down by 109% annualized if activity continues at recent rates. The European Union will reportedly send a final draft of a renewed 2015 nuclear agreement to the U. S. Weekly Natural Gas Storage Report 10/25. and Iran. 7 Traders surveyed by Reuters before the report was released had expected U. weekly natural gas stocks would be down 142 bcf in the latest week. Natural gas storage is tight in the US but has been loosening up since the explosion at Freeport LNG. Falling demand continues to be the culprit for declining Midcon prices. According to the EIA, most U. LNG exports went to the EU and UK during the first half of the year. If approved, it will restore Iranian crude oil to world markets while easing nuclear tensions in the Middle East.

High Global Natural Gas Prices. The winter strip, November through March, fell by an average of 2 cents to $3. On April 9th a small group lead by Shackleton left the ice for the first time since January of 1915 and made their way across the treacherous ocean in the lifeboats rowing for land. This increase was slightly above marketplace expectations of +51. Anyhow, the thermometer in Central Park reached 68 degrees Saturday, busting a 25-year-old record of 63 degrees.

Mon, 20 May 2024 05:11:44 +0000