Front futures up a couple cents at 2.5270.
From the Energy Information Administration:
....Overview:(For the week ending Wednesday, December 2, 2020)
- Natural gas spot prices rose at most locations this report week (Wednesday, November 25 to Wednesday, December 2). The Henry Hub spot price rose from $2.28 per million British thermal units (MMBtu) last Wednesday to $2.70/MMBtu yesterday.
- At the New York Mercantile Exchange (Nymex), the December 2020 contract expired last Wednesday at $2.896/MMBtu. The January 2021 contract price decreased to $2.780/MMBtu, down 18¢/MMBtu from last Wednesday to yesterday. The price of the 12-month strip averaging January 2021 through December 2021 futures contracts declined 8¢/MMBtu to $2.773/MMBtu.
- The net withdrawals from working gas totaled 1 billion cubic feet (Bcf) for the week ending November 27. Working natural gas stocks totaled 3,939 Bcf, which is 10% more than the year-ago level and 8% more than the five-year (2015–19) average for this week.
- The natural gas plant liquids composite price at Mont Belvieu, Texas, rose by 21¢/MMBtu, averaging $5.44/MMBtu for the week ending December 2. The prices of propane, natural gasoline, butane, and isobutane rose by 8%, 4%, 4%, and 2%, respectively. The price of ethane fell by 1%.
- According to Baker Hughes, for the week ending Tuesday, November 24, the natural gas rig count increased by 1 to 77. The number of oil-directed rigs rose by 10 to 241. The total rig count increased by 10, and it now stands at 320.....
....U.S. LNG exports are flat week over week. Eighteen LNG vessels (five from Sabine Pass, four from Freeport, three from Cameron, and two each from Cove Point, Corpus Christi, and Elba Island) with a combined LNG-carrying capacity of 65 Bcf departed the United States between November 26 and December 2, 2020, according to shipping data provided by Bloomberg Finance, L.P.
U.S. LNG exports set a new monthly record in November, averaging 9.4 Bcf/d, according to EIA’s estimates based on the shipping data provided by Bloomberg Finance, L.P. LNG exports in November were 17% higher than the previous monthly record set in January 2020 at 8.0 Bcf/d....
....MUCH MORE
Nationwide and population adjusted there were 32 fewer Heating Degree Days than the five-year average and 18 fewer than last year.
