Natural Gas Slips Below $4 on Above-Average Storage Rise -- Market Talk
Natural Gas Slips Below $4 on Above-Average Storage Rise -- Market Talk
1045 ET - Natural gas prices drop below $4, falling 1.8% to a session-low $3.981/mmBtu after the EIA reports a weekly storage increase that was above average. The US government agency says gas-in-storage rose by 49B cubic feet last week, just above forecasts in a WSJ survey for a 48-bcf rise, and above the five-year average rise of 42 bcf. Total storage is now 2.776T cubic feet, 17% below last year and 6% below the five-year average. Analysts say strong winds in Texas-- the US's top wind producer--helped to reduce demand last week as power plants used more wind power and less natural gas to generate electricity. (dan.molinski@wsj.com)
美國東部時間1045ET-天然氣價格跌破4美元，下跌1.8%，至日內低點3.981美元/mmBtu，此前美國能源情報署報告稱，每週儲氣量增加高於平均水平。這家美國政府機構表示，上週儲存的天然氣增加了490億立方英尺，略高於《華爾街日報》(WSJ)調查預測的48bcf的增幅，也高於42bcf的五年平均增幅。目前總庫存量為2.776噸立方英尺，比去年低17%，比五年平均水平低6%。分析人士説，美國最大的風力生產國得克薩斯州上週的強風幫助減少了需求，因為發電廠使用更多的風力發電，更少的天然氣發電。(dan.molinski@wsj.com)