Weekly Market Energy Report: July 20, 2018

 

Weekly Market Energy Report: Small Storage Report Boosts Gas Futures

Natural Gas

August 2018 futures continue falling for the third consecutive week. Down another 6 cents to $2.769/MMBtu.

Yesterday’s storage injection of 46 Bcf was well below expected, bringing total gas in storage to 2,249 Bcf, 710 Bcf less than this time last year.

Electricity

The 30 day average price of power rose sharply from last week, up $3.70/MWh from last week to $34.16/MWh.

Electricity futures dipped slightly this week after weeks of steadily climbing. The 12 month strip fell 26 cents from last week to $31.31/MWh.

Charts

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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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