Volume 15, Issue 83 September 24, 2018
In this Issue
The Power of Choice
Editor's Note
Prices Jump Up and Stay Low
Weather
Local Cooling Degree Days*
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Editor's Note
Prices Jump Up and Stay Low
Weekly review for September 15, 2018 September 21, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday September 14, 2018 was 2,722 BCF. This was an increase of 86 BCF from the previous week, higher than market expectations. Inventories are now 672 BCF lower than this time last year, 586 below the 5-year average and the 5-year minimum value (2,918). 

Despite the higher-than-expected injection, energy markets were up this week, with large gains on Thursday. The NYMEX natural gas 12-month strip jumped 2.7% with substantial increases for the coming winter, with the PJM West Hub 12-month forward curve following suit, up 3.0%. Despite this week’s increases, natural gas prices further out in 2020 and beyond remain near all-time lows.


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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