According to the U.S. government’s weekly report, natural gas inventories rose 103 billion cubic feet last week, short of the 110-bcf injection forecasted by analysts. Although supplies were shy of the projected figures, the build is still large by historical standards, and overall inventories of 3.624 trillion cubic feet are closing in on last year’s. Read the Rest…
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Natural Gas Storage Report 10-6-11
Working gas in storage was 3,409 Bcf as of Friday, September 30, 2011, according to EIA estimates. This represents a net increase of 97 Bcf from the previous week. Stocks were 78 Bcf less than last year at this time and 28 Bcf above the 5-year average of 3,381 Bcf. In the East Region, stocks. Read the Rest…
U.S. House Passes Bill to Block EPA Clean Air Rules
Texas and Dallas-based power plant operator Luminant had a small victory yesterday against the EPA as the U.S. House of Representatives passed a Republican-sponsored bill that would block a number of clean air rules. The bill’s passage comes after Texas sued the EPA this week, asking a federal court to block the Cross-State Air Pollution. Read the Rest…
Natural Gas Futures Falling With Autumn Temps Looming
Natural gas futures fell Tuesday as the market enters the so-called shoulder-period of autumn. That’s the period of typically sluggish demand—when mild weather reduces demand, before recovering in the winter when heating-fuel peaks. Typically, natural gas futures often reach a seasonal low in October. Natural gas prices added to losses on Friday, falling 1.35% after. Read the Rest…
Prices in ERCOT Power Market Up
ERCOT expects electric usage next week would break the all-time peak record as consumers crank up their air conditioners to escape a brutal heatwave. Extreme Texas weather continues to come into play next week with triple digits in major load areas. Peak load continues to surpass original summer forecast demands with 61,000 MW this weekend. Read the Rest…
