Volume 15, Issue 82 September 17, 2018
In this Issue
Why Managing Energy Costs Is a Top Priority for Higher Ed
Editor's Note
Prices Up as Storage Deficit Remains
Weather
Local Cooling Degree Days*
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Editor's Note
Prices Up as Storage Deficit Remains
Weekly review for September 8, 2018 September 14, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, September 7, 2018 was 2,636 BCF. This was an increase of 69 BCF from the previous week and in line with what the market was expecting.

Inventories are still substantially lower than the year-ago levels (by 662 BCF or 20.1%) and the five-year average (by 596 BCF or 18.4%). Production levels have remained very high compared to year-ago levels, but continued strong demand for natural gas has kept storage levels well below normal. 

The PJM West Hub 12-month forward curve rose 1.8% this week, while the NYMEX natural gas 12-month strip was up 0.9%. Stay tuned as we finish up the injection season and head towards the winter heating season. 


This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions.

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