The report quotes June prices which have rolled off.
From the Energy Information Administration:
...MUCH MOREOverview:(For the Week Ending Wednesday, May 25, 2016)
- Natural gas spot prices fell at most locations outside of the northeastern United States this report week (Wednesday, May 18, to Wednesday, May 25). The Henry Hub spot price fell by 14¢, from $1.91 per million British thermal unit (MMBtu) last Wednesday to $1.77/MMBtu yesterday.
- At the New York Mercantile Exchange (Nymex), the June 2016 contract price fell slightly from $2.001/MMBtu last Wednesday to $1.992/MMBtu yesterday.
- Net injections to working gas totaled 71 billion cubic feet (Bcf) for the week ending May 20. Working gas stocks are 2,825 Bcf, which is 37% above the year-ago level and the five-year (2011-15) average for this week.
- According to Baker Hughes data, for the week ending May 20, the natural gas rig count decreased by 2 to 85 and oil-directed rigs remained flat at 318. The total rig count now stands at 404.
- The natural gas plant liquids composite price at Mont Belvieu, Texas, rose by 8.5% to $5.49/MMBtu for the week ending Friday, May 20. The prices of all of the fuels making up the composite price increased. Ethane rose by 3.5%, natural gasoline rose by 8.4%, butane rose by 8.8%, isobutane rose by 9.3%, and propane rose by 10.6%....
Nymex near-month prices down. At the New York Mercantile Exchange (Nymex), the June 2016 contract price declined by less than a penny, from $2.001/MMBtu last Wednesday to $1.992/MMBtu yesterday. On the other hand, the 12-month strip, which averages the June 2016 through May 2017 Nymex contracts, rose from $2.535/MMBtu to $2.641/MMBtu over the report week. While the near-month contract price declined, all other prices in the 12-month strip rose during the report week.
Supply flat. According to data from PointLogic, average total supply for the report period remained flat this week. Dry production was flat, averaging 74 billion cubic feet per day (Bcf/d) for the week, while net imports from Canada declined 1% and accounted for 6 Bcf/d of supply.
Consumption falls. Average consumption for the period declined by 4%, according to data from PointLogic. This decline was driven by a decrease in residential/commercial consumption, which fell 23% week on week, likely the result of warmer weather. Power burn rose 6% week over week, exports to Mexico remained flat at 3.5 Bcf/d, and industrial consumption fell by 2%....
