Tag: spot prices

Mild weather, ample natural gas supply curb Northeast winter power, gas prices

Mild weather, ample natural gas supply curb Northeast winter power, gas prices

After mild winter, lower-than-normal storage withdrawals, natural gas in storage as of March 25 totaled 2,468 Bcf, 68% higher than last year Wholesale natural gas and power prices in the Northeast United States remained relatively low this winter, absent the large spikes that have occurred during recent winters, according to US Energy Information Administration. A […]

Natural gas prices expected to rise over next two years – EIA

Natural gas prices expected to rise over next two years – EIA

By mid-2017, EIA expects United States to be net exporter of natural gas for first time since 1955 While the short-term outlook for American natural gas isn’t rosy, the US Energy Information Administration says it exports prices to begin rising in conjunction with higher exports over the next two years. The average natural gas spot […]

By January 25, 2016 0 Comments Read More →
High distillate fuel oil inventories in Central Atlantic weighing on spot price

High distillate fuel oil inventories in Central Atlantic weighing on spot price

Distillate inventories in Europe, Asia have reached highest level in several years, depressing global prices ¬†Stocks of distillate fuel oil in the Central Atlantic, which encompasses the New York Harbor region, have risen nearly every week since April, reaching 36.9 million barrels as of October 30. This level is 9 million barrels above the five-year […]

By November 6, 2015 0 Comments Read More →