Related Articles
Forward article link
Share PDF with colleagues

Glut no more for US gas

North American consumers will pay more for their gas this winter as stocks build more slowly and demand rises

US household spending for natural gas, heating oil, electricity, and propane will rise by 38%, 26%, and 22% respectively between October this year and March 2017, compared with the same period last year, according to the Energy Information Administration (EIA). Demand has already started to rise. High temperatures throughout the summer-combined with cheap natural gas prices-have led to record levels of consumption in the power sector. On 21 July it reached its highest-ever daily level, at 40.9bn cubic feet per day. Natural gas consumption for the whole of July was 4.12bn cf/d higher than a year earlier, reaching 71.11bn cf/d. That's a rise of almost 6%. Since then, average monthly gas consu

Also in this section
The price is right
5 April 2018
With the help of thirsty consumers and collapsing Venezuelan output, the market seems at last to have found its range
Opec and IEA bristle at Trump's trade posturing
16 March 2018
The IEA and Opec say Trump’s trade plans are a threat to global growth
Five key takeaways from the big three oil market reports
15 March 2018
Demand and supply data still diverge, Venezuela’s increasingly critical to balances, and some macro alarm bells are starting to ring