Nat Gas News – August 18 2017
Nat Gas News – August 18 2017
Natural Gas Prices Edge Up as Traders Parse through Revised EIA Supply Data
Market Watch reports: Data from the U.S. Energy Information Administration on Thursday showed that domestic supplies of natural gas rose by 53 billion cubic feet for the week ended Aug. 11. The data, however, included revisions to figures for previous weeks tied to a reclassification of natural gas in storage from working gas to base gas. Oil prices finished in the green on Thursday, after posting losses in each of the last three sessions, as traders continued to weigh data showing the biggest weekly fall in U.S. crude supplies in 11 months, but also the highest total domestic production level in more than two years. For more visit marketwatch.com or click http://on.mktw.net/2w5BcPg
With Expanding Exports, the Natural Gas Revolution Marches Forward
Maritime Executive reports: Beside overtaking coal as the leading fuel to create electricity, it is also the key raw material needed for American industry, whose appetite for natural gas and unconventional shale gas is expected to surpass the demands of the utility sector. Utilities are shifting from coal to natural gas and manufacturers are expanding their domestic operations. Meanwhile, European and Chinese manufacturers are seeking cheaper supplies, all of which is creating price pressures. The demand for natural gas both as a fuel for electric generation and a feedstock for manufacturing processes will continue, spawning both an environmental and economic ripple effect. While natural gas producers search for new oversea’s markets and put upward pressure on prices, American industry will remain the key beneficiary of this ever-changing landscape. For more on this story visit maritime-executive.com or click http://bit.ly/2vMQeHd
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