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.
Sources: eia.gov
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