Commodities
DOE Coal Orders Fail to Dent Summer Natural Gas Demand
The US Department of Energy's coal orders had little impact on summer natural gas demand, according to recent data. The DOE ordered utilities to stock up on coal as a backup power source, but this move barely dented natural gas consumption during peak season.
According to Entropic Analytics' Product Suite, pipeline flow data showed that natural gas production continued to meet demand despite the DOE's coal orders.
The data indicates that the coal orders had a minimal impact on natural gas prices, which remained steady throughout the summer. This suggests that utilities and consumers prioritized natural gas over coal as their primary fuel source during peak season.