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AMERICAS OIL: New England natgas prices are falling further today

AMERICAS OIL
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New England natgas prices are falling further today as daily consumption ticks down.

  • Algonquin Citygate is down $4.51/MMBtu to $11.54/MMBtu, according to NGI.
  • Tennessee Zone 5 200L is down $4.96/MMBtu, NGI said.
  • Total Demand into New England is at 3.43 bcf/d, down around 0.14 bcf/d on the day, the EIA said.
  • Bloomberg has end user demand down 2.6% on day at 3.79 bcf/d.
  • Total consumption remains on a seasonal basis than the same period in 2023& 2024 and has been outside the 5-year range since Feb. 15.
  • Regional pipeline utilisation fell to 72.20% today, today the EIA said, compared to 83.1% yesterday.
  • The 6-10-day forecast shows below-normal temperatures across New England, supporting heating demand through March 5.
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New England natgas prices are falling further today as daily consumption ticks down.

  • Algonquin Citygate is down $4.51/MMBtu to $11.54/MMBtu, according to NGI.
  • Tennessee Zone 5 200L is down $4.96/MMBtu, NGI said.
  • Total Demand into New England is at 3.43 bcf/d, down around 0.14 bcf/d on the day, the EIA said.
  • Bloomberg has end user demand down 2.6% on day at 3.79 bcf/d.
  • Total consumption remains on a seasonal basis than the same period in 2023& 2024 and has been outside the 5-year range since Feb. 15.
  • Regional pipeline utilisation fell to 72.20% today, today the EIA said, compared to 83.1% yesterday.
  • The 6-10-day forecast shows below-normal temperatures across New England, supporting heating demand through March 5.