Weekly Natural Gas EIA Storage Report for August 19th

Weekly Natural Gas EIA Storage Report for August 19th

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

Natural gas spot price mostly fell this week.

The prices of propane rose 5% week-over-week and are now at their highest level since February 2014.

Natural gasoline and ethane prices each fell 2%, following the same drop of Brent crude oil prices for the week ended August 18.

Following the 5% in natural gas prices reported at the Houston Ship Channel, ethane prices fell too.

Natural gasoline price fell by 1%, following the Brent crude oil price, which also decreased by 1% week-over-week.

The natural gas rig count decreased by 1 to 102, losing some of last week’s gains, while oil-directed rigs rose by 10 to 397.

Sources: eia.gov

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