Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2017-03-31 18:55:00

GAS PRICES: ABOVE $3.2

GAS PRICES: ABOVE $3.2

NATURAL GAS PRICE MATCH 31 2017

 

YF - The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 43 billion cubic feet for the week ending March 24. Analysts surveyed by S&P Global Platts were expecting a storage decline of 43 billion cubic feet. The five-year average for the week is a withdrawal of around 27 billion cubic feet, and last year's storage increase for the week totaled 19 billion cubic feet. Natural gas inventories fell by 150 billion cubic feet in the week ending March 17, the largest ever recorded that late in the heating season.

Natural gas futures for April delivery traded down by about 1% in advance of the EIA's report, at around $3.20 per million BTUs, and traded at $3.19 shortly after the data release. Natural gas closed at $3.23 per million BTUs on Wednesday, the highest closing price in the past week. The 52-week range for natural gas is $2.56 to $3.65. One year ago the price for a million BTUs was around $2.63.

Platts analyst Mitch DeRubis said:

Week over week, U.S. demand averaged nearly 16.9 [billion cubic feet per day] lower than the previous week as temperatures warmed over the majority of the country. The large residential and commercial centers of the Midwest and Northeast regions saw temperatures average 14.8 and 10.9 degrees, respectively, warmer than the previous week contributing greatly to the week-over-week decline in U.S. demand.

Stockpiles fell week over week to 17% below last year's level and are now 13.9% above the five-year average.

The EIA reported that U.S. working stocks of natural gas totaled about 2.049 trillion cubic feet, around 250 billion cubic feet above the five-year average of 1.799 trillion cubic feet and 423 billion cubic feet below last year's total for the same period. Working gas in storage totaled 2.472 trillion cubic feet for the same period a year ago.

Here's how share prices of the largest U.S. natural gas producers react to this latest report:

Exxon Mobil Corp. (XOM), the country's largest producer of natural gas, traded up about 0.8%, at $82.70 in a 52-week range of $80.31 to $95.55.

Chesapeake Energy Corp. (CHK) traded down about 0.3% to $5.79. The stock's 52-week range is $3.53 to $8.20.

EOG Resources Inc. (EOG) traded up about 0.8% to $97.80. The 52-week range is $69.66 to $109.37.

In addition, the United States Natural Gas ETF (UNG) traded up about 0.1% at $7.64 in a 52-week range of $6.36 to $9.74.

NATURAL GAS PRICES MARCH 2016 - MARCH 2017

NATURAL GAS PRICES MARCH 2012 - MARCH 2017

-----

Earlier: 

EU GAS DEMAND UP 

GAS PRICES: ABOVE $3,05 

U.S. OIL & GAS UP 

GAS PRICES: ABOVE $2.9 

GAZPROM - GERMANY: UP 37%

 

 

 

Tags: NATURAL, GAS, PRICES

Chronicle:

GAS PRICES: ABOVE $3.2
2018, December, 14, 08:55:00

GERMANY'S RENEWABLE: 38%

PLATTS - Renewables' share in Germany's power mix is set to reach 38% this year, ahead of the government's 2020 target of 35% but below-trajectory for 2030's 65% target, utility lobby group BDEW said Thursday.

GAS PRICES: ABOVE $3.2
2018, December, 14, 08:50:00

EBRD DECARBONISATION STRATEGY

EBRD - the Bank will no longer finance thermal coal mining or coal-fired electricity generation. The Bank will also stop funding any upstream oil exploration, and will not finance upstream oil development projects except in rare and exceptional circumstances, where such investments reduce greenhouse gas emissions.

GAS PRICES: ABOVE $3.2
2018, December, 14, 08:45:00

MALAYSIA'S GDP UP BY 4.7%

IMF - The Malaysian economy has shown resilience. Real GDP growth is projected at 4.7 percent for 2018, underpinned by domestic demand.

GAS PRICES: ABOVE $3.2
2018, December, 14, 08:40:00

BOLIVIA'S GDP UP BY 4.5%

IMF - Bolivia's real GDP growth is projected at 4.5 percent in 2018, one of the highest rates in the region. Growth is supported by continued accommodative policies, a second economy-wide wage bonus, and strong agriculture output.

All Publications »