The Energy Information Administration released their weekly report yesterday.
Nor surprising, the Pacific region still lags, but the South Central joined the hit parade this week, although the latter is well ahead of previous year storage percentages.
In California, natural gas consumption in the electric power sector fell 9% (0.3 Bcf/d) week over week, according to data from S&P Global, despite continuing high temperatures that resulted in 137 CDDs, or 34 CDDs above normal in the Riverside Area, outside of Los Angeles.
Select EU and UK storage...
Total EU rose to 86.31%, from last week's 84.49%. This number seems sufficient, but represents about a 94 day supply across the EU. This can vary widely, due to availability, consumption. etc.
The UK, which relies on a steady supply, with limited storage... is currently at about a 4 day supply. Any disruption to their supply, would be immediate.
This can be seen in the current pricing versus the 12 month futures high.
A quick snapshot of pricing in prior periods, compared to now. (All converted to USD exchange rates at date specified.)
It is a guessing game, as to direction, with no one really able to predict the weather, consumption, geopolitics, etc. At this point in time... rather stable, imho.
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