06/27/2024 | Press release | Distributed by Public on 06/27/2024 15:26
Recent Today in Energy analysis of natural gas markets is available on the EIA website.
Daily spot prices by region are available on the EIA website.
See also:
TopSpot Prices ($/MMBtu) |
Thu,
20-Jun |
Fri,
21-Jun |
Mon,
24-Jun |
Tue,
25-Jun |
Wed,
26-Jun |
Henry Hub | 2.39 | 2.43 | 2.57 | 2.62 | 2.45 |
New York | 2.24 | 2.20 | 2.20 | 2.12 | 1.88 |
Chicago | 2.18 | 2.15 | 2.23 | 2.28 | 2.14 |
Cal. Comp. Avg,* | 1.86 | 2.03 | 2.53 | 2.68 | 2.51 |
Futures ($/MMBtu) |
Spot Prices ($/MMBtu) |
Thu,
13-Jun |
Fri,
14-Jun |
Mon,
17-Jun |
Tue,
18-Jun |
Wed,
19-Jun |
Henry Hub | 2.79 | 2.74 | 2.45 | 2.42 | Holiday |
New York | 1.76 | 1.78 | 2.24 | 2.17 | Holiday |
Chicago | 2.15 | 2.02 | 2.07 | 2.10 | Holiday |
Cal. Comp. Avg,* | 1.76 | 1.62 | 1.61 | 1.52 | Holiday |
Futures ($/MMBtu) | |||||
*Avg. of NGI's reported prices for: Malin, PG&E Citygate, and Southern California Border Avg. | |||||
Source: NGI's Daily Gas Price Indexx |
U.S. natural gas supply - Gas Week: (6/20/24 - 6/26/24) | |||
Average daily values (billion cubic feet)
|
|||
this week
|
last week
|
last year
|
|
Marketed production |
114.0
|
113.7
|
114.9
|
Dry production |
100.7
|
100.4
|
101.8
|
Net Canada imports |
6.1
|
6.5
|
5.4
|
LNG pipeline deliveries |
0.1
|
0.1
|
0.1
|
Total supply |
106.9
|
107.0
|
107.2
|
Data source: S&P Global Commodity Insights |
U.S. natural gas consumption - Gas Week: (6/20/24 - 6/26/24) | |||
Average daily values (billion cubic feet)
|
|||
this week
|
last week
|
last year
|
|
U.S. consumption |
76.0
|
71.9
|
70.5
|
Power |
45.3
|
40.9
|
39.7
|
Industrial |
21.3
|
21.4
|
21.6
|
Residential/commercial |
9.5
|
9.7
|
9.2
|
Mexico exports |
6.6
|
6.9
|
6.9
|
Pipeline fuel use/losses |
7.4
|
8.9
|
6.7
|
LNG pipeline receipts |
12.2
|
12.6
|
11.1
|
Total demand |
102.3
|
100.3
|
95.3
|
Data source: S&P Global Commodity Insights |
Rigs | |||
Tue, June 18, 2024
|
Change from
|
||
last week
|
last year
|
||
Oil rigs |
485
|
-0.6%
|
-11.2%
|
Natural gas rigs |
98
|
0.0%
|
-24.6%
|
Note: Excludes any miscellaneous rigs |
Rig numbers by type | |||
Tue, June 18, 2024
|
Change from
|
||
last week
|
last year
|
||
Vertical |
19
|
-5.0%
|
0.0%
|
Horizontal |
525
|
-0.4%
|
-14.4%
|
Directional |
44
|
2.3%
|
-12.0%
|
Data source: Baker Hughes Company |
Working gas in underground storage | |||
Stocks
billion cubic feet (Bcf) |
|||
Region |
2024-06-21
|
2024-06-14
|
change
|
East |
646
|
631
|
15
|
Midwest |
753
|
736
|
17
|
Mountain |
237
|
230
|
7
|
Pacific |
283
|
279
|
4
|
South Central |
1,179
|
1,168
|
11
|
Total |
3,097
|
3,045
|
52
|
Data source: U.S. Energy Information Administration Form EIA-912, Weekly Underground Natural Gas Storage Report Note: Totals may not equal sum of components because of independent rounding. |
Working gas in underground storage | ||||
Historical comparisons
|
||||
Year ago
6/21/23 |
5-year average
2019-2023 |
|||
Region |
Stocks (Bcf)
|
% change
|
Stocks (Bcf)
|
% change
|
East |
616
|
4.9
|
537
|
20.3
|
Midwest |
677
|
11.2
|
614
|
22.6
|
Mountain |
163
|
45.4
|
152
|
55.9
|
Pacific |
200
|
41.5
|
244
|
16.0
|
South Central |
1,127
|
4.6
|
1,023
|
15.2
|
Total |
2,783
|
11.3
|
2,569
|
20.6
|
Data source: U.S. Energy Information Administration Form EIA-912, Weekly Underground Natural Gas Storage Report Note: Totals may not equal sum of components because of independent rounding. |
Temperature - heating & cooling degree days (week ending Jun 20) | ||||||
HDDs
|
CDDs
|
|||||
Region |
Current total
|
Deviation from normal
|
Deviation from last year
|
Current total
|
Deviation from normal
|
Deviation from last year
|
New England |
6
|
-5
|
-10
|
42
|
27
|
38
|
Middle Atlantic |
1
|
-5
|
-5
|
49
|
20
|
36
|
E N Central |
1
|
-7
|
-11
|
74
|
38
|
48
|
W N Central |
3
|
-6
|
-1
|
64
|
17
|
14
|
South Atlantic |
0
|
-1
|
0
|
93
|
16
|
27
|
E S Central |
0
|
0
|
0
|
97
|
25
|
34
|
W S Central |
0
|
0
|
0
|
114
|
10
|
-17
|
Mountain |
17
|
-3
|
-6
|
54
|
-2
|
15
|
Pacific |
9
|
-6
|
-8
|
14
|
10
|
7
|
United States |
4
|
-4
|
-5
|
67
|
16
|
23
|
Data source: National Oceanic and Atmospheric Administration Note: HDDs=heating degree days; CDDs=cooling degree days |
Average temperature (°F)
7-day mean ending Jun 20, 2024
Data source: National Oceanic and Atmospheric Administration
Deviation between average and normal temperature (°F)
7-day mean ending Jun 20, 2024
Data source: National Oceanic and Atmospheric Administration
Monthly U.S. dry shale natural gas production by formation is available in the Short-Term Energy Outlook.