Notifications Bell

Weekly Natural Gas EIA Storage Report for May 21st

Weekly Natural Gas EIA Storage Report for May 21st

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.


The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.