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Energy-Tel, LLC - Energy Update July 11 2013

- Friday, July 12, 2013

The Henry Hub spot pricing closed this week (Wednesday, July 10) at $3.69 per MMBtu up 15 cents from last week’s $3.54 (Wednesday, July 3).  The NYMEX near-month August 2013 fell 1 cent from $3.690 MMBtu to $3.680 MMBtu this Wednesday.

 

According to BENTEK Energy LLC estimates there was a decline in Residential/Commercial and Industrial consumption offset by an increase in the Power sector of 0.2% for the week.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 2,687 Bcf on Friday, July 8.  Stocks were down 443 Bcf (14.2%) from last year at the same time and 22 Bcf  (0.8%) 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:  Life is all memory, except for the present moment that goes by you so quick you hardly catch it going. ” Tennessee Williams

 

 




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