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Energy-Tel LLC - Energy Update November 14 2013

- Saturday, November 16, 2013

The Henry Hub spot pricing closed this week (Wednesday, November 13) at $3.68 per MMBtu up 23 cents from last week’s $3.45 per MMBtu (Wednesday, November 6). The NYMEX  November near month contract rose 6.8 cents for the report week (Wednesday to Wednesday) settling  at $3.56 per MMBtu on November 13.

 

According to BENTEK Energy LLC estimates there was an increase in total consumption in all sectors this week of 15.6%.  Consumption in the Residential/Commercial sector was up 31.5%. While the Power Sector and Industrial also increased 6.1% and 4.7% respectively.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,834 Bcf on Friday, November 8.  Stocks were down 2.0% from last year at the same time and 1.5% above 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:  Progress always involves risks. You can’t steal second base and keep your foot on first. ~ Frederick B Wilcox

 




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