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Natural gas prices mixed to start March

Most natural gas prices in the East, Midwest, and South rose moderately over the week. The Henry Hub spot price rose from $3.17/MMBtu last week to $3.26/MMBtu yesterday. However, midweek, Henry Hub spot prices reached a weekly low on Friday, February 27 of $2.77/MMBtu before bouncing back by the end of the week.

Markets

U.S. petroleum product exports reach record high in 2014

EIA’s December Petroleum Supply Monthly data show that exports of noncrude petroleum products from the United States averaged 3.8 million barrels per day (bbl/d) in 2014, an increase of 347,000 bbl/d from 2013, and a new record high. Increased exports of motor gasoline and hydrocarbon gas liquids (HGL), including propane and butane, were the main contributors to the trend, while exports of distillate decreased.

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