Nat Gas News – June 30, 2017

Nat Gas News – June 30, 2017

API study finds natural gas benefits on an expansion path

Observer-Reporter reports: The abundant output of natural gas in the United States over the past decade, particularly from the Marcellus and Utica shale strata, are providing economic benefits across the country, according to a study released Tuesday by the American Petroleum Institute. The study, conducted for the institute by ICF International, examined the economic benefits and opportunities from the entire natural gas value chain, including the production of natural gas, its transportation and end uses such as power generation and manufacturing. And despite the current and projected savings for U.S. consumers of natural gas for heating, one of the biggest growth areas is expected to be in domestic manufacturing of petrochemicals. The ICF study found there were 4.1 million jobs in the United States related to natural gas in 2015, with the top three sectors being support activities for oil and gas operations, chemical manufacturing and oil and gas pipeline construction. For more visit observer-reporter.com or click the following link http://bit.ly/2rZTJGB

U.S. natural gas futures rise to 4-week high after weekly storage data

Investing.com reports: U.S. natural gas futures rose to a four-week high Thursday, extending gains into a fifth session after data showed domestic supplies in storage rose less than anticipated. U.S. natural gas for August delivery was at $3.117 per million British thermal units. Natural gas edged higher on Tuesday to notch its fourth wining session in a row on Wednesday. Meanwhile, updated weather forecasting models point to increased summer demand in the weeks ahead. For more on this story visit investing.com or click the following link http://bit.ly/2uoF89f

 

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Make a Call

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote