Weekly Market Energy Report: August 2, 2018

 

Weekly Market Energy Report: Low Storage Injection Lifts Market

Natural Gas

August 2018 futures final settle came in last Friday at $2.822/MMBtu, falling roughly 15 cents from a month ago.

Another smaller than anticipated storage injection caused September 2018 futures to jump 6 cents this morning as total gas in storage is now 565 Bcf behind the 5 year average.

Electricity

Low real time power prices have caused the 30 day average price of power to steadily fall this week, down over $2/MWh.

The 12 month electricity futures strip has remained stable, moving up just 13 cents. The 24 month strip continues to show some volatility bouncing back and forth, ultimately up 12 cents this week.

Charts

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Disclaimer
This document is intended for indicative purposes only. All information contained within this report is acquired from third-party sources and EnergyMark makes no representations or warranties, express or implied, as to the accuracy of the information provided herein. EnergyMark is not liable for any actions or decisions made in reliance on the information provided in the report.

 

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