From the Energy Information Administration:
Overview:
(For the Week Ending Wednesday, August 17, 2016)
Natural gas spot prices were mixed this report week (Wednesday, August 10, to Wednesday, August 17), but overall price changes were small at most locations. The Henry Hub spot price fell from $2.73 per million British thermal units (MMBtu) last Wednesday to $2.71/MMBtu yesterday.
At the New York Mercantile Exchange (Nymex), the September 2016 contract rose nearly 6¢, from $2.561/MMBtu last Wednesday to $2.619/MMBtu yesterday.
Net injections to working gas totaled 22 Bcf for the week ending August 12. Working gas stocks are 3,339 Bcf, which is 11% greater than the year-ago level and 14% greater than the five-year (2011-15) average for this week.
According to Baker Hughes, for the week ending Friday, August 12, the natural gas rig count increased by 2 to 83. The number of oil-directed rigs rose by 15 to 396. The total rig count climbed by 17, and now stands at 481.
The natural gas plant liquids composite price at Mont Belvieu, Texas, rose by 6¢, closing at $4.62/MMBtu for the week ending August 12. The prices of natural gasoline and propane rose by 7% and 1%, respectively. The price of ethane fell by 3%, and the price of butane and isobutane remained flat week over week....
Prices/Supply/Demand:
Henry Hub prices fall slightly. This report week (Wednesday, August 10, to Wednesday, August 17), the Henry Hub spot price fell 2¢ from $2.73/MMBtu last Wednesday to $2.71/MMBtu yesterday. Price movements at the Henry Hub were subdued this week; the spot price closed at $2.71/MMBtu for the last three trading days. At the Chicago Citygate prices decreased 3¢ from $2.69/MMBtu last Wednesday to $2.66/MMBtu yesterday. However, prices at PG&E Citygate in California gained 3¢, going from $3.12/MMBtu last Wednesday to $3.15/MMBtu yesterday.
Northeast prices mixed. At the Algonquin Citygate, which serves Boston-area consumers, prices fell 91¢ over the report week. After starting the week last Wednesday at $3.75, Algonquin Citygate prices increased to $6/MMBtu on Monday, likely the result of a force majeure on Algonquin’s pipeline system because of unplanned maintenance, but by Wednesday had fallen back to $2.84/MMBtu. At the Transcontinental Pipeline’s Zone 6 trading point for New York, prices remained unchanged Wednesday to Wednesday at $2.44/MMBtu. New York did not see the same dramatic increase in prices as Boston did; New York prices reached their weekly peak at $2.80/MMBtu on Monday.
Marcellus prices decline. Tennessee Zone 4 Marcellus spot prices fell 4¢ from $1.24/MMBtu last Wednesday to $1.20/MMBtu yesterday. Likewise, prices at Dominion South in northwest Pennsylvania fell 4¢ from $1.32/MMBtu last Wednesday to $1.28/MMBtu yesterday.
Nymex prices increase. At the Nymex, the price of the September 2016 contract increased nearly 6¢, from $2.561/MMBtu last Wednesday to $2.619/MMBtu yesterday. The price of the 12-month strip averaging September 2016 through August 2017 futures contracts climbed 2¢ to $2.963/MMBtu.......MORE
