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Lower-than-normal stockpile levels and robust LNG consumption are likely to spur natural gas prices. The upward trend should aid gas-weighted producers like COG and RRC.
At 2.722 trillion cubic feet, current natural gas inventories are 17.7% under the five-year average and 19.8% below the year-ago figure.
At 2.636 Tcf, current natural gas inventories are 18.4% under the five-year average and 20.1% below the year-ago figure.
Weekly Energy Inventory Data: Seen at 10:30am ET on Wednesdays and Thursdays. Sharon Epperson reports from the NYMEX on the weekly inventory data for crude oil, gasoline, distillates (on Wednesdays), and natural gas (on Thursdays). Suze Says: This segment, with Suze Orman, is seen on Mondays.
At 2.768 trillion cubic feet, current natural gas inventories are 18.3% under the five-year average and 20% below the year-ago figure.
Dry gas output in the United States averaged 82.6 Bcf per day over the reporting week, up 14.1% from the year-ago level. Natural Gas Edges Down on Weather Worries, Strong Output Skip to main content
Natural gas prices continued to rally on Thursday following the inventory report released by the Department of Energy. The weather remains stuck in a pattern where there is warmer than normal ...
Natural gas prices moved lower on Wednesday ahead of Thursday’s inventory report from the Department of Energy. Expectations are for a 31 Bcf draw in stockpiles, according to survey provider ...