Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 26, 2013 13:45:28

Gas price exceeds USD 4 per MMBT?



ColosseumDuring last week's price of the futures contract on natural gas increased again by 1.4%. Prices were last week for $ 1.63 per MMBT higher than the same week in 2012. This increase in prices is of course a positive impact on the shares of producers of natural gas and oil. Based on weekly EIA report quantities of natural gas in underground tanks fell back by 62 BCF BCF in 1876. In the U.S. gas storage is currently 21.5% less inventory than in the same period last year. On the other hand, the total inventory is 9.5% higher than the five year average. Average gas consumption increased by 2.1%, while 26.2% was higher than in the same period last year. In the energy sector demand declined by 2.2%. In the industrial sector, the demand has increased from last week by 1.1%. The total gas demand was thus 26.4% higher than the demand in the same week in 2012.Price of a futures contract is currently holding just below 4 USD per MMBT. and # 160;

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