The average daily spot natural gas price declined about 40% during winter 2019–20 in New England

(Thu, 21 May 2020) The average spot (wholesale) price of natural gas in New England for winter 2019–20 (November 1, 2019–March 31, 2020) was $3.17 per million British thermal units (MMBtu), down about 40% from $5.40/MMBtu for the winter of 2018–19 based on trends at the Algonquin Gas Transmission (Algonquin) Citygate—a key regional benchmark for natural gas prices in New England. This price was the lowest average price of natural gas since the winter of 2015–16, which (like winter 2019–20) was warmer than normal.

EIA reports first triple-digit net natural gas storage injection since October 2019

(Thu, 07 May 2020) In EIA's Weekly Natural Gas Storage Report (WNGSR) published on May 1, 2020, EIA reported a net injection for the Lower 48 states of 109 billion cubic feet (Bcf)—the biggest net injection since September 27, 2019. The net injection was 35 Bcf more than the typical injection for this particular week, on average, for the past five years (2015-2019). The overall surplus of working natural gas inventory compared with the five-year average is now 395 Bcf.

United Arab Emirates Country Analysis Brief

(Wed, 06 May 2020) The United Arab Emirates, a member of OPEC, is currently the seventh-largest petroleum and other liquids producer in the world. Relatively energy intensive compared with other industrialized countries, the United Arab Emirates’ economy is fueled largely by natural gas and petroleum and other liquids.

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