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Energy-Tel LLC - Energy Update - November 21 2013

- Saturday, November 23, 2013

The Henry Hub spot pricing closed this week (Wednesday, November 20) at $3.68 per MMBtu down 6 cents from last week’s $3.62 per MMBtu (Wednesday, November 13). The NYMEX  November near month contract rose 11 cents for the report week (Wednesday to Wednesday) settling  at $3.674 per MMBtu on November 20.

 

According to BENTEK Energy LLC estimates there was a decrease in total consumption in all sectors this week of 6%.  Consumption in all sectors (Residential/Commercial, Power and Industrial). Though weekly data show an overall decline, daily data shows an upswing at the end of the report week probably due to colder weather at the end of the week.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,789 Bcf on Friday, November 15.  Stocks were down 2.3% from last year at the same time and 0.4% 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:  “Patience, persistence and perspiration make an unbeatable combination for success.”Napoleon Hill

 

 




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