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Weekly Natural Gas EIA Storage Report for May 7th

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

The 2021 decline in natural gas is the first year-over-year decline in the gas generation since 2017 due to higher prices and increased competition from renewable sources. Compared with 2020, the total electricity generation increased by 6.6%, primarily attributable to colder winter weather.

Coal-fired generation has increased by nearly 40% in the first four months of 2021, compared with the same period of 2020, making up for 23% of the total generation. 

As a response to lower production & higher winter heating demand during the 2020 seasons, prices have risen considerably over the past year compared with the prior heating season. The natural gas-fired generation has also experienced increased competition from renewable sources, mainly because of the recent record-breaking additions of wind and solar plants.

EIA expects declines in the natural gas-fired generation to continue throughout 2022, with a 6.8% decline in 2021 and another 2.3% in 2022.

 

Sources: eia.gov

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. 

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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.