立即注册,

不到 60 秒您即可继续访问:最新资讯提要分析主题和专题大宗商品视频、播客和博客样本市场价格和数据专题报道订阅用户通知和每日大宗商品电子邮件提醒

已有帐户?

登录以注册

忘记密码

请注意:Platts Market Center 订阅用户只能通过 Platts Market Center 重置密码

请在下面输入您的电子邮件 ID,我们将给您发送一封包含您密码的电子邮件。


  • 电子邮件地址* 请输入电子邮件地址。

如果您是高级订阅用户,出于安全原因,我们无法向您发送您的密码。请联系客服团队

如果您是 Platts Market Center 订阅用户,若要重置密码,请转到 Platts Market Center 重置您的密码。

在此列表中
天然气

US working natural gas volume in underground storage rises by 109 Bcf: EIA

天然气 | 石油

Platts 情景规划服务

大宗商品 | 能源 | 电力 | 排放物 | 可再生能源 | 天然气 | 天然气(北美)

northeast-power-and-gas-markets

天然气 | 石油 | 原油

APPEC:业内专家表示,布伦特价格前景因市场不确定性和波动而蒙上阴影

US working natural gas volume in underground storage rises by 109 Bcf: EIA

亮点

Build comes in higher than expected

Henry Hub summer strip slides

Denver — The amount of natural gas in US storage facilities increased by 109 Bcf to 2.612 Tcf in the week that ended May 22, according to US Energy Information Administration data released Thursday.

尚未注册?

接收每日电子邮件提醒、订阅用户通知并获得个性化体验。

立即注册

The injection was larger than the consensus expectations of analysts surveyed by S&P Global Platts, which called for a 101 Bcf build. Responses to the survey ranged from an injection of 88 Bcf to one of 114 Bcf.

The injection nearly matched the 110 Bcf build reported during the same week in 2019 but was 17.2% larger than the five-year average of 93 Bcf.

The long decline in working rigs due to weak crude oil prices has begun to catch up to the US gas market, with production estimates averaging just 86.5 Bcf/d for the week ended May 22, according to S&P Global Plats Analytics. This is down from roughly 92 Bcf/d in mid-April. Production for the third week of May tumbled 2.7 Bcf/d, marking the largest weekly decline in more than two years.

While the movement was unusually large for production, it was overshadowed by the dying gasp of residential and commercial demand, which declined more than 7 Bcf/d last week, hitting year-to-date lows.

Storage volumes now stand 778 Bcf, or 42.5%, above the year-ago level of 1.834 Tcf and 423 Bcf, or 19.3%, higher than the five-year average of 2.189 Tcf.

The recent drop in production was also met with higher power burn demand, which climbed 2.5 Bcf/d this week in response to an 8 degree increase in average temperatures across the US, according to Platts Analytics.

LNG feedgas deliveries also continued a downward march that began in mid-April, averaging just 6.3 Bcf/d. Deliveries averaged about 9.5 Bcf/d during the first quarter of 2020 when they hovered between 9 and 10 Bcf/d. With LNG facilities running at roughly half the expected utilization, and continued uncertainty in global markets due to the coronavirus pandemic, there is little upside to support exports through this summer, helping push end-October inventories likely above the 4 Tcf mark.

The NYMEX July gas futures contract fell 4 cents to $1.846/MMBtu in trading following the release of the weekly storage report. The remaining summer strip through October fell 4.4 cents to average $1.947/MMBtu.

Spreads to next winter remain strong, leading to significant volumes aimed at storage. The winter 2020-21 contract strip is priced roughly 80 cents over the balance of summer at $2.75, even with storage running above normal, due to expectations of further associated gas production declines stemming from weak oil prices.

Platts Analytics' supply and demand model expects a 111 Bcf addition to US storage volumes in the week that ended May 29, which would continue to expand the storage overhang.

After massive cuts in production last week, the week in progress has seen output hold steady, with total supply up 100 MMcf/d higher on the week. Downstream, however, changing seasonal weather is driving a shift in gas demand away from the residential and commercial sector to power generation. Power burn demand has increased by 3 Bcf/d week over week, absorbing most of the roughly 3.1 Bcf/d decline in residential-commercial and industrial sector demand, though slight declines in exports to Mexico and LNG feedgas deliveries have led to an overall drop of 400 MMcf/d in total demand from the reference week.

Click here for full-size image