Article Hero

Weekly Natural Gas EIA Storage Report for May 21st

Miguel A. Rodriguez
Miguel A. Rodriguez
21 May 2021
Here are the latest details from the U.S. Energy Information Administration regarding natural gas inventories.

Natural gas spot price movements were mixed for this week. 

The price of ethane rose 3% week-over-week, as the increased pace of Gulf Coast export terminals has grown the total demand to what was estimated to be the highest levels to date.

Propane prices grew by 1% week over week, indicating a relatively flat market for this time of the year. 

The Colonial Pipeline shutdown allowed for a higher blending of butanes into motor gasoline and led the prices of normal butane and isobutane to rise by 4% and 3%.  

Natural gasoline price fell by 1%, following the Brent crude oil price, which also decreased by 1% week-over-week.

The natural gas rig count decreased by 3 to 100, losing some of last week’s gains, while oil-directed rigs rose by 8 to 352. 



This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?


Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.