Weekly Natural Gas EIA Storage Report for October 6th

Weekly Natural Gas EIA Storage Report for October 6th

Here are the latest details from the U.S. Energy Information Administration regarding natural gas inventories for this week

Natural gas consumption in the U.S. industrial sector averaged 22.4 billion cubic feet per day (Bcf/d) in the first seven months of 2021, which is 0.4 Bcf/d higher than during the same period in 2020 and 0.2 Bcf/d above the five-year (2016-2020) average.

International natural gas prices rose to a weekly average of $32.48/MMBtu this report week, the highest weekly average on record since January 2020.

The price of the November 2021 NYMEX contract increased 20¢, from $5.477/MMBtu last Wednesday.

Sources: ir.eia.gov

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