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Mike Grimes
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Mike Grimes   My Press Releases

Daily Energy report

Published on 4/21/2017
For additional information  Click Here

Market- Warmer temperatures across the northern portion of the country has tempered prices that have been rising since late Feb. Natural gas is trading lower this morning after the storage report was an injection a bit higher than expected levels. Crude oil and heating oil are dropping and propane is higher. Storage levels are lower than last year but higher than the five year average. Upward pressure on natural gas prices results from exported liquefied natural gas (LNG), pipeline exports to Mexico, industrial use and gas burn for electric generation. Rig counts for both traditional and horizontal dropped significantly over the last 2 years indicating increased production from fewer wells and continued ample supply of natural gas. Rig counts have however started to increase compared to last year. The US gas traditional rotary rig count decreased 3 rigs and horizontal drilling increased 11 rigs. Natural gas is very attractive to fix for the long term.
The Crude oil price for May is lower this week at $50.80 per barrel. Heating oil is lower at $1.58 per gal. Unleaded gasoline futures are lower this week at $1.66 and gasoline at the pump is around $2.29…in Indiana. The natural gas storage report this week was an injection of 54BCF; storage is 368BCF lower than last year and 282BCF higher than the 5 year average.

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It's pretty much that simple. In deregulated states, there are companies ready to offer you lower monthly premiums for the right to give you energy. No changes to your system, no backlash from the incumbent energy providers, no low-quality providers or fly-by-night companies looking to undersell to make a buck. These are real, A+ rated companies that are dying to get your business - and they're ready to offer you a lower monthly bill to do it. Same Energy, Save Money.

 

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