This morning EIA announced a 47 BCF withdrawal for gas week ending 3/14. This storage draw brings U.S. total working gas down to 1,143 BCF, with the deficit to the 5-year average narrowing from 569 BCF to 556 BCF. This is the first time we’ve saw below average withdrawal in a month. In this week’s […]
Gas and Coal Burn Sensitivity Outlook: PJM Spotlight
EVA’s monthly Gas & Coal Price Sensitivity Outlook shows that December gas burn actualized at 23.9, bringing the annual 2018 gas burn to roughly 29 BCFD—a record high. Coal burn declined YoY, falling to around 637 million tons in 2018. Only four years ago coal burn was above 800 million tons, highlighting how retirements and […]
2018 Coal Burn at 644 Million Tons, Gas Burn at ~29 BCFD
EVA’s Monthly Gas & Coal Price Sensitivity Outlook forecasts that 2018 will end with Lower-48 coal burn at 644 million tons. 2017 annual power-sector coal burn was 666 million tons– 22 million tons more than in 2018. Going into September, coal burn was expected to fall by 25 million tons YoY. However, higher cash and […]