Natural-gas futures sink 5/2/2013 on week ended April 26 inventory report

Natural-gas futures sink

Natural-gas futures fell sharply on Thursday after the Energy Information Administration reported a bigger-than-expected 43-billion-cubic-feet increase in U.S. inventories for the week ended April 26. Analysts polled by Platts had forecast a climb between 28 billion cubic feet and 32 billion.

Total stocks now stand at 1.777 trillion cubic feet, down 795 billion cubic feet from the year-ago level and 118 billion cubic feet below the five-year average, the government said.

June natural gas /quotes/zigman/2294278 NGM13 -6.33% dropped 30 cents to end at $4.03 per million British thermal units. It traded at $4.29 shortly before the data

Views: 465

▶ Reply to This

Replies to This Discussion

Permalink Reply by kittycatmama on May 4, 2013 at 8:26

what what the next report will look like after this late spring winter storm

Permalink Reply by adubu on May 5, 2013 at 1:20
KittyCM--probably similar doubt any draw down most likely injection of 30 BCF or so
Permalink Reply by dingojoe on May 7, 2013 at 16:50

Actually, it was much warmer everywhere but on the plains.  The injection looks to be 80-90 bcf and, right now, the next three weeks all look to be above 100. 

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Looking Back At The Haynesville Shale - A Retrospective

Looking Back At The Haynesville Shale - A Retrospective
2 Pending Public Oil and Gas Hearings

Pending Public Oil and Gas Hearings
3 Arkansas Smackover Lithium Play

Arkansas Smackover Lithium Play
4 Aethon looks for Buyers of its Haynesville Assets

Aethon looks for Buyers of its Haynesville Assets
5 Notice Emails Are Back! Please review how they work.

Notice Emails Are Back! Please review how they work.
6 Comstock October Presentation

Comstock October Presentation
7 Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory - Enverus

Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory - Enverus

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service