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AlwaysFree: American Chemistry Council (ACC) Weekly Chemistry & Economic Trends (September 30, 2022) - Energy

Author: SSESSMENTS

According to American Chemistry Council (ACC) Weekly Chemistry & Economic Trends report on September 30, 2022, oil prices declined slightly during the week as concerns about global oil demand weakened in line with growth expectations. U.S. natural gas prices also fell as storage injections have been strong in recent weeks. The combined oil and rig count rose by one to 762 during the week ending 9/30. 

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ACC members can access additional data, economic analyses, presentations, outlooks, and weekly economic updates through MemberExchange.

In addition to this weekly report, ACC offers numerous other economic data that cover worldwide production, trade, shipments, inventories, price indices, energy, employment, investment, R&D, EH&S, financial performance measures, macroeconomic data, plus much more. To order, visit http://store.americanchemistry.com/.

Every effort has been made in the preparation of this weekly report to provide the best available information and analysis. However, neither the American Chemistry Council, nor any of its employees, agents or other assigns makes any warranty, expressed or implied, or assumes any liability or responsibility for any use, or the results of such use, of any information or data disclosed in this material.

Contact us at ACC_EconomicsDepartment@americanchemistry.com

Last YearLast WeekThis WeekChange W/W
Brent Oil ($/bbl)$77.86$90.40$88.51
Henry Hub ($/mm Btu)$5.73$7.76$6.84
Competitiveness ratio*15.712.712.9
Natural Gas Stocks3,1572,8742,977
US Oil & Gas Rigs520761762
Description: *The ratio of Brent oil price to Henry Hub natural gas price is a proxy for U.S. Gulf Coast petrochemical competitiveness. As a rough rule of thumb, when the ratio is above 7, the U.S. is comparatively advantaged. When it is below 7, the reverse is true. Energy prices as of 9/29; natural gas stocks and rig count for week ending 9/23

Tags: All Products,AlwaysFree,Americas,Crude Oil,English,US

Published on October 3, 2022 5:54 PM (GMT+8)
Last Updated on October 4, 2022 10:16 AM (GMT+8)