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Energy-Tel, LLC - Energy Update July 18 2013

- Friday, July 19, 2013

The Henry Hub spot pricing closed this week (Wednesday, July 17) at $3.67 per MMBtu down 2 cents from last week’s $3.69 (Wednesday, July 10).  The NYMEX near-month August 2013 fell 5 cents from $3.680 MMBtu to $3.629 MMBtu this Wednesday.

 

According to BENTEK Energy LLC estimates there was a increase in Residential/Commercial of 3.1 per cent.  Industrial consumption increased 0.1 per cent and the Power sector consumption increased 5.8 per consumption.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 2,745 Bcf on Friday, July 12.  Stocks were down 414 Bcf (13.1%) from last year at the same time and 34 Bcf  (1.2%) 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:   If you did not look after today’s business then you might as well forget about tomorrow.” – Isaac Mophatlane

 




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