US natural gas stocks up 70bcf last week - EIA
02 July 2009 16:22 [Source: ICIS news]
HOUSTON (ICIS news)--US natural gas storage was up by 70bn cubic feet (bcf) week to week, the Energy Information Administration (EIA) said on Thursday.
Domestic natural gas inventories in the week ended 26 June totalled 2,721bcf, compared with 2,651bcf a week earlier.
August natural gas futures were down by 3.3 cents at $3.762/MMbtu in early NYMEX session trading following the release of the statistics.
Inventories in the US remained high, sitting 29.2% above last year's storage numbers.
Natural gas is an important raw material for chemical production and manufacturing processes in the US.
To discuss issues facing the chemical industry go to ICIS connect
By: Steven McGinn
+1 713 525 2653
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 07 Aug 09 16:04 US Enterprise to build 75,000 bbl/day Mont Belvieu fractionator
- 29 Jun 09 18:09 US Enterprise, TEPPCO agree to merge
- 27 Jun 09 00:42 US House passes massive climate change bill
- 25 Jun 09 17:24 US natgas futures up on lower-than-expected storage build
- 23 Jun 09 23:16 NPE ’09: Natgas prices, climate and health issues worry US plastics
- 19 Jun 09 17:51 PE buyers see US price hikes piling up
- 18 Jun 09 19:29 US natgas resources at new record, a 100-year supply
- 18 Jun 09 16:49 Week-to-week US natural gas storage up 5% - EIA
- 17 Jun 09 18:17 US oil and gas producers join with unions on energy policy
Latest News
- 19 Jun 13 05:28 China’s Qixiang Tengda to use UOP technology for olefin project
- 19 Jun 13 05:00 NOON SNAPSHOT - Asia Markets Summary
- 19 Jun 13 05:00 China’s Shandong Xinfa Chemical restarts two PVC lines
- 19 Jun 13 04:57 Taiwan's CPC to run Kaohsiung No 5 cracker at 85% for rest of June
- 19 Jun 13 04:28 Japan's chemical exports grow 17% in May