Outlook for Natural Gas is BULLISH
Posted: Mon Jul 18, 2016 12:42 pm
Market intelligence company PointLogic reported that US natural gas consumption rose by 4.4% for the week ended July 13, 2016, compared with the previous week. Natural gas consumption rose for the fifth time in the last six weeks.
Gas flows to the power sector rose by 9% week-over-week and by ~10.7% year-over-year. Gas deliveries to the residential and commercial segments were flat week-over-week, but they fell year-over-year.
US natural gas consumption rose by 4% compared to the corresponding week in 2015. Gas exports to Mexico fell by 2.7% week-over-week, but they rose by 12% year-over-year.
Gas flows to the power sector rose by 9% week-over-week and by ~10.7% year-over-year. Gas deliveries to the residential and commercial segments were flat week-over-week, but they fell year-over-year.
US natural gas consumption rose by 4% compared to the corresponding week in 2015. Gas exports to Mexico fell by 2.7% week-over-week, but they rose by 12% year-over-year.