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Welcome to the ECNG MarketWatch
July 29, 2009
| Natural Gas |
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The Energy Information Administration (EIA) reported that US working gas in storage rose by 66 Bcf for the week ending July 17, 2009. The report fell slightly below expectations of 68 Bcf, and reduced the year/year surplus to 568 Bcf (24%) while the year-over-year average surplus rose slightly to 458 Bcf (18%). Storage is now at 2,952 Bcf, the highest level on record for this point in the year.....The full Market Watch is available to ECNG Customers to contact one of our specialists, call 1-888-989-1501 or email info@ecng.com
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Aeco (Cdn$/GJ)
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Nymex(U.S.$/mmbtu)
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July 28
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July 21
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Change
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July 28
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July 21
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Change
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Aug09-Oct09
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$3.06
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$3.26
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-6.1%
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$3.72
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$3.87
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-3.9%
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| Nov09-Oct10 |
$4.94
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$5.11
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-3.3%
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$5.57
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$5.61
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-0.7%
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| Nov10-Oct11 |
$6.00
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$6.13
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-2.1%
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$6.56
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$6.55
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0.2%
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| Nymex Prompt Prices |
July 28
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July 21
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Change
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Natural Gas (U.S. $ per mmbtu)
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$3.535
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$3.705
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-4.6%
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Crude Oil WTI (U.S. $ per barrel)
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$67.23
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$64.72
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3.9%
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| Currency |
July 28
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July 21
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Change
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| USD/CAD |
$0.923
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$0.902
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2.3%
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Do you have any questions on market fundamentals or your account? Please contact your Client Services Rep. for any issue
www.ecng.com
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| Ontario Electricity |
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| Average ON PEAK Price for July: |
2.3 cents / kWh |
| ON PEAK Hours over 7.0 cents: |
0.3% in July |
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5.7 % year to date |
| Highest price in the past week: |
8.7 cents / kWh on July 23 |
Bruce Power announced this past week that they will focus on the refurbishment of the reactors at Bruce A and B on the shores of Lake Huron, instead of pursuing new reactors at Nanticoke or in Bruce County. With demand for power declining in Ontario, they decided that there was no business case to be made for building.....The full Market Watch is available to ECNG Customers to contact one of our specialists, call 1-888-989-1501 or email info@ecng.com
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