
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
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.