On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday Feb 28, 2020 was 2,091 BCF. This was a decrease of 109 BCF from the previous week. Inventories are now 680 BCF higher than last year at this time, 176 BCF above the 5-year average.
Like for the stock market, it was a volatile week for gas, but we ended up pretty much where we began with the NYMEX natural gas 12-month curve was up just 0.2%. For the week, PJM Western Hub 12 Month curve (Apr20-Mar21) was down 1.5%. However both power and gas remain near 5-year lows for all forward terms.
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.