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Energy-Tel LLC - Energy Update - November 7 2013

- Friday, November 08, 2013

The Henry Hub spot pricing closed this week (Wednesday, November 6) at $3.45 per MMBtu down 10 cents from last week’s $3.55 per MMBtu (Wednesday, October 30). The NYMEX  November near month contract fell 12 cents for the report week (Wednesday to Wednesday) settling  at $3.498 per MMBtu on November 6.

 

According to BENTEK Energy LLC estimates there was a decrease in total consumption in all sectors this week of 3.5%.  Consumption in the Residential/Commercial sector declined 3.2%. While the Power Sector consumption fell 7.1%.

 

According to EIA Weekly Natural Gas Storage Report working natural gas in storage increased to 3,814 Bcf on Friday, November 1.  Stocks were down 2.9% 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:  Success is neither magical nor mysterious. Success is the natural consequence of consistently applying the basic fundamentals.” –  Jim Rohn



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