US Storage Flips to Seasonal Surplus for First Time Since February

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

After staging a three-session rally into the upper $3.90s per million Btu last week, January gas futures fell hard Thursday, losing 24.5¢ to $3.731/MMBtu in an inevitable reversal. The contract had even toyed with moving above $4/MMBtu on both Wednesday and Thursday, but to have stayed aloft would have been akin to swimming up the Mississippi.

Gas Demand, Gas Inventories, Gas Prices
Wanda Ad #2 (article footer)
An expected surge in US LNG demand during the second half of this decade remained in evidence this week as two aspiring exporters took steps forward on their projects.
Fri, Sep 15, 2023
The French major has announced plans to form two separate renewable joint ventures that aim to develop a total of 5 GW of power.
Wed, Sep 20, 2023
The European green steel sector is on the cusp of a huge decarbonization push, but could do with a little more help from policymakers to offset higher costs versus conventional steel manufacturing.
Wed, Sep 20, 2023