That's what the commentators call a "well-supplied market".
$2.595 down 0.005.
From the Energy Information Administration:
The Rockies Express Pipeline (REX), a large natural gas transmission pipeline that connects production areas in the Rockies to consuming regions as far east as Ohio, continues to declare force majeure on its Segment 300 in Pike County, Missouri, located about 90 miles northwest of St. Louis The force majeure was declared on January 29, following a weld failure and pipe rupture on the segment. Although 50 homes within a 3-mile radius had to be evacuated for six hours, there were no reports of injuries or fire associated with this incident.Here's the national supply picture:
Segment 300 has a capacity of 1.8 billion cubic feet per day (Bcf/d), and during the force majeure the quantity of natural gas scheduled to travel through Segment 300 in Pike County has been brought to zero. With repairs underway, the force majeure remains in effect, and the pipeline expects that service will be restored on or about Sunday, February 8....MORE
| U.S. natural gas supply - Gas Week: (1/28/15 - 2/4/15) | ||
|---|---|---|
Percent change for week compared with:
|
||
last year
|
last week
|
|
| Gross production |
12.61%
|
0.46%
|
| Dry production |
12.49%
|
0.46%
|
| Canadian imports |
1.69%
|
2.87%
|
| West (net) |
-4.64%
|
-9.17%
|
| Midwest (net) |
-8.63%
|
16.61%
|
| Northeast (net) |
32.63%
|
16.71%
|
| LNG imports |
130.58%
|
56.93%
|
| Total supply |
11.99%
|
0.91%
|
...MUCH MORE
Meanwhile, demand is down 1% year-on-year.
