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Natural gas electricity generation in the United States spiked with July heatwave
Today in Energy Jul 25, 2024 | 12:00 pmU.S. power plant operators generated 6.9 million megawatthours (MWh) of electricity from natural gas on a daily basis in the Lower 48 states on July 9, 2024, probably the most in history and certainly since at least January 1, 2019,[…]
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Natural gas storage injections remain below five-year average so far this summer
Today in Energy Jul 24, 2024 | 12:00 pmInjections into natural gas storage in the Lower 48 states since April 1 have totaled 950 billion cubic feet (Bcf), according to our July 18 Weekly Natural Gas Storage Report. So far this injection season (April 1–October 31), the amount[…]
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Less natural gas consumption in Europe is keeping storage full
Today in Energy Jul 23, 2024 | 12:00 pmConsumption of natural gas in Europe consistently decreased since mid-2022, driven by a combination of mild winter weather and government policies aimed at reducing natural gas consumption. In 2023, natural gas consumption in the European Union's 27 member countries (EU-27)[…]
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U.S. wholesale natural gas spot prices fell to record lows in first half 2024
Today in Energy Jul 22, 2024 | 13:30 pmThe average monthly wholesale spot natural gas price at the U.S. benchmark Henry Hub fell by 20% to $2.56 per million British thermal units (MMBtu) between January and June of this year, according to data from Refinitiv Eikon. In January,[…]
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California residents are increasingly pairing battery storage with solar installations
Today in Energy Jul 18, 2024 | 12:00 pmCalifornia residents are increasingly pairing battery storage with solar installations, according to the latest preliminary data in our Monthly Electric Power Industry Report.
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