Thursday, the U.S.
Energy Information Administration (EIA) reported that working gas in storage as
of Friday July 29, 2022, was 2,457 Bcf. This was an increase of 41 Bcf from the
previous week, a higher injection than expected. Inventories are still very
low, now 268 Bcf lower than last year at the same time, and 337 Bcf below the
prices were close to flat, with power prices falling. The prompt 12-month NYMEX
natural gas strip (Sep22-Aug23) was down 0.5% for the week, the 12-month PJM
STD 7x24 strip was down 4.0%.