With the United Kingdom EUstats release of June data, I have updated my comparison graph...
Wednesday, July 19, 2023
Comparison of Inflation in selected countries- July, 2023 Edition
Friday, July 14, 2023
Natural Gas Inventory Report, July 14, 2023
The Energy Information Administration released their weekly report yesterday.
Prices increased in most West Coast markets this week, except at SoCal Citygate in Southern California, where the price decreased 45 cents from $3.85/MMBtu last Wednesday to $3.40/MMBtu yesterday. Natural gas consumption in California declined 8% (0.4 Bcf/d) week over week, led by a 26% (0.5 Bcf/d) decrease in consumption in the electric power sector, according to data from S&P Global Commodity Insights.
Select inventories of EU and UK...
Friday, July 7, 2023
Natural Gas Inventory Report, July 07, 2023
The Energy Information Administration released their weekly report yesterday.
And as customary... the Pacific Region.
In California, prices declined week over week but remained elevated compared with other U.S. pricing hubs. The price at SoCal Citygate in Southern California decreased 98 cents from $4.83/MMBtu last Wednesday to $3.85/MMBtu yesterday. Consumption of natural gas in the electric power sector in California increased by 92% (1.0 Bcf/d) week over week, as temperatures increased.
Select inventories of EU and UK...
Yes, I am aware the capacity numbers change from time to time. Why... I don't know. If it troubles you... then you can figure it out.While up in many area, the EU wide number slipped to 78.63%, from last week's 78.86%. Still remarkably high for the season.
A brief look at the 12 month highs for futures... TTF (EU) and UKG (UK).
However, current week ending prices...
Friday, June 30, 2023
Natural Gas Inventory Report, June 30, 2023
The Energy Information Administration released their weekly report yesterday.
Prices increased in all West Coast markets this report week. At PG&E Citygate in Northern California, the price rose 96 cents from $3.02/MMBtu last Wednesday to $3.98/MMBtu yesterday. The price at SoCal Citygate in Southern California increased 3 cents from $4.80/MMBtu last Wednesday to $4.83/MMBtu yesterday. The price at Sumas on the Canada-Washington border rose 59 cents from $2.02/MMBtu last Wednesday to $2.61/MMBtu yesterday.
Select inventories of EU and UK...
Overall, very good, with EU wide numbers at 78.86% full.A brief look at the 12 month highs for futures... TTF (EU) and UKG (UK).
A slight uptick for the 12 month, but still below the 5-5 picture.
Current week ending prices...
Current futures (August v 12 month high)
Tuesday, June 27, 2023
Comparison of Inflation in selected countries
Friday, June 23, 2023
Natural Gas Inventory Report, June 23, 2023
The Energy Information Administration released their weekly report yesterday.
Along the West Coast, prices increased this week, in line with the Henry Hub, even as consumption in California declined slightly week over week. The price at PG&E Citygate in Northern California rose 16 cents, up from $2.86/MMBtu last Wednesday to $3.02/MMBtu yesterday, while in Southern California, the price at SoCal Citygate increased more than any other major hub this week, rising $1.67 from $3.13/MMBtu last Wednesday to $4.80/MMBtu yesterday.
Select inventories of EU and UK...
Friday, June 16, 2023
Natural Gas Inventory Report, June 16, 2023
The Energy Information Administration released their weekly report on yesterday.
Along the West Coast, prices decreased this week, but remain relatively high, particularly in California. The price at PG&E Citygate in Northern California fell 86 cents, down from $3.72/MMBtu last Wednesday to $2.86/MMBtu yesterday. The price at SoCal Citygate in Southern California decreased 16 cents from $3.29/MMBtu last Wednesday to $3.13/MMBtu yesterday. Consumption of natural gas in the electric power sector in California decreased by 7% (0.1 Bcf/d) week over week, as temperatures were relatively mild. In the Sacramento Area, temperatures averaged 68°F this week, leading to 12 fewer CDDs than last week, while in the Riverside Area, inland from Los Angeles, temperatures averaged 65°F this week, leading to 1 fewer HDD and 5 fewer CDDs than last week.
Select inventories of EU and UK...
- The Dutch are shutting down the largest gas field in Europe.
- Norway is doing maintenance on their equipment.
Friday, June 9, 2023
Natural Gas Inventory Report, June 09, 2023
The Energy Information Administration released their weekly report on yesterday.
Prices in West Coast markets remain the highest of all major pricing hubs this report week. The price at PG&E Citygate in Northern California rose 65 cents, up from $3.07/MMBtu last Wednesday to $3.72/MMBtu yesterday. The price at SoCal Citygate in Southern California increased $1.11 from $2.18/MMBtu last Wednesday to $3.29/MMBtu yesterday. The price at Sumas on the Canada-Washington border rose 47 cents from $1.70/MMBtu last Wednesday to $2.17/MMBtu yesterday. Natural gas consumption in the Western region increased by 13%, or 0.9 billion cubic feet per day (Bcf/d), which was led by a 38% (1.0 Bcf/d) increase in consumption in the electric power sector, according to data from S&P Global Commodity Insights.
Select inventories of EU and UK...
Prices rose sharply on the EU and UK markets this past week. Nearby by months by 8% with max 12 month at 2.5%.
I have no real explanation, as I never bothered to research reasons. Although it is not so unusual for summer months, for there to be a spike. Afterall... hot weather is here.
Saturday, June 3, 2023
Natural Gas Inventory Report, June 02, 2023
The Energy Information Administration released their weekly report on Friday.
Select regional spot prices: Natural gas spot prices fell at most locations this report week (Wednesday, May 24, to Wednesday, May 31), except for prices in the Northeast. Price changes at major pricing hubs this report week ranged from a decrease of 29 cents/MMBtu at the Waha Hub in western Texas to an increase of $3.30/MMBtu at the Algonquin Citygate in the Northeast.
Select inventories of EU and UK...
Saturday, May 27, 2023
Natural Gas Inventory Report, May 27, 2023
The Energy Information Administration released their weekly report on Thursday.
Prices in all West Coast markets declined yesterday from last Wednesday. The price at PG&E Citygate in Northern California fell 95 cents, down from $4.13/MMBtu last Wednesday to $3.18/MMBtu yesterday. The price at SoCal Citygate in Southern California decreased 33 cents from $2.58/MMBtu last Wednesday to $2.25/MMBtu yesterday. The price at Sumas on the Canada-Washington border fell 21 cents from $1.83/MMBtu last Wednesday to $1.62/MMBtu yesterday. Natural gas consumption in the Western region decreased by 1% (0.1 Bcf/d), which was led by a 4% (0.1 Bcf/d) decrease in consumption in the electric power sector. In Northern California, PG&E’s total gas in storage was 12.6 billion cubic feet (Bcf) as of May 23, up from 5.8 Bcf on May 1.
Select inventories of EU and UK...
Prices continue to fall on the UK and EU markets. The UK spread of futures is annually at £1,453.60 ~ £2,191.06, with OFGEM setting the cap at £2,074. That cap is consistent with NatGas prices through October, with an added 3.7% cushion.
Friday, May 19, 2023
Natural Gas Inventory Report, May 19, 2023
The Energy Information Administration released their weekly report on Thursday.
Friday, May 12, 2023
Natural Gas Inventory Report, May 12, 2023
The Energy Information Administration released their weekly report on Thursday.
This Week in Petroleum Summary May 8th, 2024 per EIA.GOV
This week's full report . Gasoline fell -2.3¢ for the week, but remains +10.3¢ from year ago level. Consumption did edge up this past r...
-
Time for an update, although not a lot has changed. Since the last election blog, the national poll indicates a slight dip in Biden's nu...
-
Just some charts with a bit of commentary... The headlines proclaimed a resilient consumer propelled the advance estimate of 4.9% annualized...
-
The Energy Information Administration released their weekly report yesterday. The Pacific Region continues to be below year ago and 5 year...