Here are the latest details from the U.S. Energy Information Administration regarding natural gas inventories for this week
Natural gas consumption in the U.S. industrial sector averaged 22.4 billion cubic feet per day (Bcf/d) in the first seven months of 2021, which is 0.4 Bcf/d higher than during the same period in 2020 and 0.2 Bcf/d above the five-year (2016-2020) average.
International natural gas prices rose to a weekly average of $32.48/MMBtu this report week, the highest weekly average on record since January 2020.
The price of the November 2021 NYMEX contract increased 20¢, from $5.477/MMBtu last Wednesday.
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.