Crude and product prices took a sharp downturn recently. Prices fell by 2-3% in just a few hours following the release of the EIA’s weekly supply data. The data were not entirely bearish, so it is likely that the price drop was partly motivated by technical selling. Beyond this, however, we believe that the EIA […]
Click here to read the latest NGN In the News SoCalGas withdraws natural gas from Aliso Canyon field, citing high demand after storm The Los Angeles Daily News reports: Southern California Gas Co. has resumed withdrawing natural gas from its Aliso Canyon storage facility on Tuesday near the northwest San Fernando Valley in light of […]
Analysis by Martin Trotter After disappointing storage data the previous week, demand bounced back, registering a withdrawal of just over 150 bcf for last week’s storage report. The withdrawal, which exceeded some expectations, marked a notable increase in consumer demand week over week and edged storage levels down closer to the 5 year average. While […]
