From the Energy Information Administration:
Overview:...MORE
(For the Week Ending Wednesday, May 4, 2016)
- Natural gas spot prices rose at most locations this report week (Wednesday, April 27, to Wednesday, May 4), with some exceptions in the Northeast. The Henry Hub spot price rose from $1.88/MMBtu last Wednesday to $1.99/MMBtu yesterday.
- At the New York Mercantile Exchange (Nymex), the June 2016 contract price declined slightly over the report week, from $2.153/MMBtu last Wednesday to $2.141/MMBtu yesterday.
- Net injections to working gas totaled 68 billion cubic feet (Bcf) for the week ending April 29. Working gas stocks are 2,625 Bcf, which is 49% above the year-ago level and 47% above the five-year (2011-15) average for this week.
- According to Baker Hughes data, for the week ending April 29, the natural gas rig count fell by 1 to 87, and oil-directed rigs fell by 11 to 332. One miscellaneous rig was added during the week. The total rig count fell by 11, and now stands at 420.
- The natural gas plant liquids (NGPL) composite price at Mont Belvieu, Texas, rose by 4.8% to $4.98/MMBtu for the week ending Friday, April 29. Natural gasoline, butane, propane, and isobutane all increased, rising by 4.2%, 6.8%, 6.7%, and 6.9%, respectively. The price of ethane remained flat.
Supply rises. Total supply rose by 0.7% for the report period, driven by a 0.3% week-over-week increase in dry production, according to data from Bentek Energy. Imports from Canada increased by 7.9% this week, with increases occurring in every region. The sendout from LNG import terminals decreased, and remains a minor contributor to overall supply.
Consumption rises. Overall consumption this week rose by 4.6%, with increases in all major sectors. Residential and commercial consumption rose by 12.2%, the result of somewhat cooler temperatures this week in the Northeast and Midwest. Consumption of natural gas for power generation rose by 3.9%, while industrial consumption rose by 0.7%. Exports to Mexico rose by 1.8%....
| Temperature -- heating & cooling degree days (week ending Apr 28) | ||||||||
|---|---|---|---|---|---|---|---|---|
HDD deviation from:
|
CDD deviation from:
|
|||||||
| Region |
HDD Current
|
normal
|
last year
|
CDD Current
|
normal
|
last year
|
||
| New England |
100
|
-9
|
-26
|
0
|
0
|
0
|
||
| Middle Atlantic |
75
|
-17
|
-46
|
0
|
0
|
0
|
||
| E N Central |
81
|
-15
|
-55
|
1
|
0
|
1
|
||
| W N Central |
74
|
-12
|
-25
|
3
|
0
|
3
|
||
| South Atlantic |
19
|
-22
|
-47
|
34
|
13
|
4
|
||
| E S Central |
11
|
-26
|
-45
|
23
|
15
|
18
|
||
| W S Central |
6
|
-7
|
-11
|
45
|
16
|
8
|
||
| Mountain |
88
|
-7
|
-3
|
8
|
-3
|
3
|
||
| Pacific |
66
|
11
|
23
|
0
|
-4
|
-4
|
||
| United States |
61
|
-10
|
-27
|
13
|
3
|
3
|
||
| Note: HDD = heating degree-day; CDD = cooling degree-day | ||||||||
