Weekly Market Energy Report: Year Over Year Storage Deficit Increases
Natural Gas
Some back and forth this week in natural gas futures prices. Despite being up today, prompt month futures are still down on the week.
Today’s injection of 58 Bcf of gas into storage brought total gas in storage to 3,095 Bcf, increasing the year over year gap to 606.
Electricity
Expensive real time prices on Monday and Tuesday have caused the 30 day average to rebound from last week. Now up to $26.92/MWh.
Very little movement in electricity futures over the past week. The 12 and 24 month strips are moving in opposite directions, up 2 cents and down 7 cents respectively.
Charts
Click on a thumbnail to see a larger version:
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.
