Skip to main content

Gas supply, higher than expected

Hydrocarbon Engineering,


The US EIA has reported that US natural gas stocks increased by 87 billion ft3 over the week ending 18th October. Analysts expected a build up of 78 billion ft3. Before the report was released natural gas was trading at US$ 3.55 /million BTU and increased to US$ 3.59.

Stocks, storage and prices
A working stock of 3.74 trillion ft3 of natural gas was indicated in the report. Working gas storage was at 3.83 trillion ft3 at the same time a year ago. Natural gas inventories stand in the middle of the five year range.

Stocks from the largest US natural gas producers reacted to the report as follows;

  • ExxonMobil Corp. up 0.8%.
  • Chesapeake Energy Corp. up 1.8%.
  • EOG Resources Inc. up 0.7%.

Adapted from press release by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/25102013/us_gas_supply_increase/

You might also like

The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process

In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.

Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):