Weekly storage report: whats behind door March 6 2014

http://ir.eia.gov/ngs/ngs.html

Working gas in storage was 1,196 Bcf as of Friday, February 28, 2014, according to EIA estimates. This represents a net decline of 152 Bcf from the previous week. Stocks were 908 Bcf less than last year at this time and 758 Bcf below the 5-year average of 1,954 Bcf. In the East Region, stocks were 370 Bcf below the 5-year average following net withdrawals of 82 Bcf. Stocks in the Producing Region were 273 Bcf below the 5-year average of 754 Bcf after a net withdrawal of 43 Bcf. Stocks in the West Region were 114 Bcf below the 5-year average after a net drawdown of 27 Bcf. At 1,196 Bcf, total working gas is below the 5-year historical range.

We might leave storage under 1 TCF - this does not include the cold blast from earlier this week.

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http://www.nasdaq.com/article/natural-gas-prices-spike-on-bullish-s...

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended Feb. 28 fell by 152 billion cubic feet, outpacing expectations for a decline of 138 billion cubic feet.

Supplies fell by 149 billion cubic feet in the same week a year earlier, while the five-year average is a decline of 105 billion.



Read more: http://www.nasdaq.com/article/natural-gas-prices-spike-on-bullish-s...

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