GAS PRICES DOWN TO $3.097/MMBTU
PLATTS - Having gained over 5 cents yesterday as the new front month contract, NYMEX January 2018 natural gas futures were lower ahead of Thursday's open and the morning release of the weekly storage data. At 6:45 am ET (1145 GMT), the contract was down 8.2 cents to $3.097/MMBtu. The market is awaiting the release of storage data from the US Energy Information Administration at 10:30 am ET that is likely to detail a withdrawal below historical averages as generally mild weather and subdued Thanksgiving-holiday demand likely kept a lid of the amount of natural gas pulled from inventories. For the week ended November 24, market participants surveyed by S&P Global Market Intelligence are looking for a withdrawal from 30 Bcf to 47 Bcf, with consensus formed at a 38 Bcf pull. This will compare to a 43 Bcf year-ago pull and the 47 Bcf five-year average withdrawal. Total working gas stocks currently sit at 3,726 Bcf, or 319 Bcf below the year-ago level and 121 Bcf below the five-year average of 3,847 Bcf, following a 46 Bcf draw reported by the EIA for the week ended November 17.
Meanwhile, revised National Weather Service forecasts show below-average temperatures overtaking a few parts of the West and a majority of the country's eastern two-thirds through both the upcoming six-to-10-day and eight-to-14-day periods, confining the scope of above-average temperatures to portions of the West and much of the Northeast in the shorter-range view and to most of the West in the longer-range view. Average temperatures settle over the balance of the country.
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REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.
U.S. BLS - Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.
Отклонение нефтегазовых доходов федерального бюджета от месячной оценки, соответствующей Федеральному закону о федеральном бюджете на 2017-2019 годы, в декабре 2017 года прогнозируется в размере +204,8 млрд руб.
“Tight oil supplies are the wild card. They have reshaped the global outlook in recent years,” observed Ayed S. Al-Qahtani, who directs the research division at the OPEC Secretariat in Vienna. “US tight oil supplies will be the most important contributor but are expected to reach their peak around 2025.”