|
SELECTED PRESS RELEASE:
|
|
posted on:
5/3/2012 6:00:19 PM EST
|
5/03/2012 natural gas storage report
energy comparison sites
 VISIT WEBSITE (learn more)
|
Are looking for the cheapest gas supplier or cheapest electricity supplier visit
www.energycomparisonsiteus.com the only energy comparison site to have open bidding. Video: www.ibosocial.com/mgrimes/videos.aspx?videoid=5227
from Gerry Herr-Nordic energy
Market- May natural gas futures expired last Thursday at $.2036 per therm; June is now the front month. The natural gas market traded higher this week but over-supply is keeping prices low. This week was another storage injection. We still have more gas in storage than last year and the 5 year average. The US gas traditional rig count was a decrease this week of 18 and horizontal drilling decreased 16 rigs. Prices continue to be tempered by flat industrial demand; but the economy is improving. Gas production levels due mostly to shale drilling are still strong and exports continue. Natural gas is very attractive to fix at this time.
The Crude oil price for June is lower this week at $102.54per barrel. Heating oil is lower at $3.08 per gal. Unleaded gasoline futures are lower this week at $3.05 and gasoline at the pump is around $4.15…in Indiana. The natural gas storage report today was an injection of 28 BCF; storage is 840 BCF higher than last year and 857 BCF higher than the 5 year average
Mike Grimes
President
Commercial Energy Consultants
877-212-1400
314-212-1401 Fax
314-608-3279 Cell
|
|
BUSINESS OWNER COMMENTS:
|
leave comment
|
|
** You need to be a member of IBOtoolbox to comment. Click Here to create free account.
|