Tuesday, October 23, 2018

What's Affecting Gas Prices This Week (Oct.23, 2018)?

When we compare the week ended Oct. 19 to the previous week ended Oct. 12, we see tighter conditions which should impact the working gas storage data which the EIA will report this Thursday. Bloomberg scrapes show us that production and Canadian imports are down on the supply side, and while power burn fell, the other major demand categories gained (exports, industrial and residential/commercial). All in, we believe the EIA will report on Oct. 25 that the U.S. gas industry put away about 51 Bcf of gas into working storage during the week ended Oct. 19.

https://www.shaledirectories.com/blog/what039s-affecting-gas-prices-this-week-oct-23-2018/

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