Although yesterday’s EIA Weekly Natural Gas Storage Report recorded a smaller draw than analysts expected – 262 Bcf declined from storage, but expectations were around 271 Bcf – and the March NYMEX gas futures contract decreased in price as a result, storage remains historically low and the need to replenish it during injection season could… Keep reading →
The EIA’s latest Short-Term Energy and Winter Fuels Outlook finds US households heated with natural gas, propane and electricity face higher heating bills this winter. Homes in the northeast that use heating oil will pay slightly less for the fuel than last year. These price movements are primarily due to changes in underlying commodity prices,… Keep reading →
Hope everyone had a nice 4th of July! Here’s what’s happening in energy news. West Texas Intermediate crude is trading near a 14-month high, spurred by unrest in Egypt and a sunny outlook for US economic growth. [Bloomberg] And Brent hit a three-month high today after Egypt’s army declared a state of emergency in areas… Keep reading →
