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The EIA Inventory Report stated that working gas storage rose by 76 Bcf from 1,567 Bcf to 1,643 Bcf. Natural Gas Price Prediction – Prices Rally on Strong Inventory Report Skip to main content
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. Natural Gas Storage Deficit to 5-Year Average Widens Further ...
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.
A consequence of the above factors is that developing an aquifer storage facility is usually time consuming and expensive. Aquifers are generally the least desirable and most expensive type of natural gas storage facility. Total Deliverability from Natural Gas Storage by Type of Facility, 1998, 2005, 2008. [3]
Most gas storage is in depleted gas or oil fields, with the second largest storage capacity being in aquifers, and the smallest in salt caverns. Depleted gas or oil fields are the cheapest to commission, as they take advantage of existing wells, internal distribution systems, and pipeline connections. They are also widely available. [4]
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
At 1.653 trillion cubic feet, natural gas inventories are 14.7% under the five-year average but 8.5% above the year-ago figure. Natural Gas Inventory Injection Comes In Above Expectations Skip to ...
A trial for market manipulation is ongoing against Vega Capital London Ltd a group of nine independent traders at Essex who would buy oil futures with the expectation to win if the price went down at the end of the contract but are accused of doing so by deliberately buying big volumes and coordinating their activities to artificially push down ...
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