Natural Gas Inventories as of August 2, 2024 The EIA has released its natural gas inventory report, showing a net increase of 21 Bcf as of August 2, 2024. Working gas in storage was 3,270 Bcf as of Friday, August 9, 2024, according to EIA estimates. This represents a net increase of 21 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of August 2, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week. At 429.3 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Natural Gas Inventories as of July 26, 2024 The EIA has released its natural gas inventory report, showing a net increase of 18 Bcf as of July 26, 2024. Working gas in storage was 3,249 Bcf as of Friday, July 26, 2024, according to EIA estimates. This represents a net increase of 18 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of July 26, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.4 million barrels from the previous week. At 433.0 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Oil and Gas 360 The Energy Information Administration (EIA) is saying higher gas demand from the electricity power sector for the rest of this year is expected to bolster natural gas prices nearly 40%. EIA is projecting prices to be around $2.90 per MMBtu (Henry Hub), up from the $2.10 average for the first half of the year. Producers saw
Oil Price U.S. natural gas-fired power generation jumped this week amid the lowest wind power output in 33 months seen on Monday while demand for cooling is rising in the summer. On July 22, wind power output in the Lower 48 states was at its lowest level in the country since October 4, 2021, per preliminary data from the U.S.
Natural Gas Inventories as of July 19, 2024 The EIA has released its natural gas inventory report, showing a net increase of 22 Bcf as of July 19, 2024. Working gas in storage was 3,231 Bcf as of Friday, July 19, 2024, according to EIA estimates. This represents a net increase of 22 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of July 19, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week. At 436.5 million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Natural Gas Inventories as of July 12, 2024 The EIA has released its natural gas inventory report, showing a net increase of 10 Bcf as of July 12, 2024. Working gas in storage was 3,209 Bcf as of Friday, July 12, 2024, according to EIA estimates. This represents a net increase of 10 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of July 12, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.9 million barrels from the previous week. At 440.2 million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
U.S. News U.S. demand for power hit a preliminary hourly record high on Monday as homes and businesses cranked up their air conditioners to escape a brutal heat wave blanketing most of the Lower 48 states on the hottest day so far this summer. Extreme weather reminds consumers of the fatal freeze in February 2021 that left millions of Texans
Oil Price For the first time ever, U.S. electricity generation from utility-scale solar and wind exceeded nuclear power plants’ power output in the first half of 2024, according to data from energy think tank Ember quoted by Reuters columnist Gavin Maguire. Electricity generation from solar and wind hit a record-high of 401.4 terawatt hours (TWh) between January and June 2024, surpassing
