Friday, July 27, 2012

US natural gas reserves good for natural gas futures

U.S. Natural Gas Reserves: 516 Bcf above 5-year average- Washington, D.C.  The reserves of natural gas in the U.S. in the week to 6 July rose by 33 billion cubic feet. Thus, the amount is expected to increase about as much as 30 billion cubic feet was. In the previous week, the stocks increased by 39 billion cubic feet.
As the Energy Information Administration (EIA) today also announced that the entire natural gas reserves volume is currently in the U.S. 516 billion cubic feet above the 5-year average of 2619 and 548 billion cubic feet Bcf higher than last year.

In the region of "East" of the value 229 billion cubic feet above the 5-year average. In the "West", the amount of 92 billion cubic feet of storage above the 5-year average. In the region, "production" of the current 196 billion cubic feet value is above the 5-year average.
Following the announcement of the U.S. natural gas storage data for the August natural gas futures traded at 2.88 U.S. dollars per million Btu. This is the price of 1.33 per cent increase in.