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Energy-Tel LLC - Energy Update - December 19 2013

- Friday, December 20, 2013

The Henry Hub spot pricing closed this week (Wednesday, December 18) at $4.26 per MMBtu up slightly (2 cents) from last week’s $4.24 per MMBtu (Wednesday, December 11). The NYMEX  January 2014 near month contract declined for the report week (Wednesday to Wednesday) settling  at $4.251 per MMBtu on December 17, ending five consecutive weeks of increases.

 

According to BENTEK Energy LLC estimates there was a decrease this week in consumption in all sectors by 8.8% from last week. (Residential/Commercial was down 8.9%, Power down 15.5%).

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage decreased to 3,248 Bcf on Friday, December 13.  Stocks were down a record 285 Bcf for the week.  Storage levels were down 13.1% from last year at the same time and 7.1% below the 5 year average.

 

Please feel free to give me a call to discuss any questions you may have about your specific energy plan.

 

Tony Gattuso

(800)708-3086

 

**This analysis contained herein is based upon information Energy-Tel, LLC reasonably believes to be accurate.  However, they do not guarantee the accuracy of the analysis.**

 

 

THE LAST WORD:  “Your big opportunity may be right where you are now.” –  Napoleon Hill

 




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