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Natural gas electricity generation in the U.S. surged during July heatwave; operators generated 6.9 million MWh on July 9, 2024, due to high temperatures and low wind generation

US commercial crude oil inventories in week ended Jul. 19 decreased by 3.7 million barrels from the previous week to 436.5 million barrels; inventories are about 5% below the five year average for this time of year: EIA

Natural gas storage injections 15% below five-year average this summer; 950 Bcf injected since April, despite 3,209 Bcf in storage, 17% above the five-year average

US average on-highway diesel fuel price in week ended Jul. 22 decreased to US$3.779/gallon from US$3.826/gallon last week; average regular gasoline price decreased to US$3.471/gallon from US$3.496/gallon: EIA

Reduced natural gas consumption in Europe keeps storage levels high; EU-27 saw a 19% decline in gas use in early 2024 from the 2017-21 average, leading to record storage levels

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