Natural Gas Stocks in Storage now Below the 5 Year Average

SAN FRANCISCO (MarketWatch) -- Natural-gas futures turned lower Thursday, after
the Energy Information Administration reported a decline in U.S. inventories
that matched market expectations. Supplies fell 94 billion cubic feet for the
week ended March 29, the EIA said. Analysts polled by Platts forecast a decline
between 90 billion cubic feet and 94 billion. Total stocks now stand at 1.687
trillion cubic feet, down 779 billion cubic feet from the year-ago level and 37
billion cubic feet below the five-year average, the government said. May natural
gas (ngk13) was at
$3.89 per million British thermal units, down 1 cent, or 0.3%. It was trading at
$3.94 shortly before the data

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Permalink Reply by dbob on April 4, 2013 at 12:52

probably net withdrawal in the report next week.  prices aren't great, but in a much better place than they were last yeat

Permalink Reply by dbob on April 10, 2013 at 16:09

Platts is suggesting a consensus of 20-24 BCF net withdrawal in the report tomorrow.  Range of analysts is 1 BCF to 67 BCF.  Personally, I'd like to see something between 24 to 40 BCF.  

Permalink Reply by adubu on April 11, 2013 at 4:13

only 14 bcf decrease

Permalink Reply by dbob on April 10, 2013 at 16:10
Permalink Reply by dbob on April 11, 2013 at 12:08

Well, market wasn't too surprised.  With the storm this week, any chance we see net withdrawal for this week, or essentially neutral?

Permalink Reply by adubu on April 11, 2013 at 23:59
Doubtful any more draw downs this winter season should be entering the injection season now.
Permalink Reply by Frank on April 12, 2013 at 14:47

Ah, lets pull for one more 2BCF draw before we turn the curve.  Isn't someone up there chilly tonight?  4 1/4 seems familiar.

Permalink Reply by adubu on April 13, 2013 at 5:26

Frank--- it's possible since usage was greater this week than usual-- just have to wait until reports out Thur. 4/18 for week ending 4/12

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