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Permalink Reply by Matthew Kable on November 13, 2012 at 10:03

Bloomberg News

Natural Gas Jumps Most in Six Weeks on Stockpile Speculation
By Christine Buurma on November 13, 2012

Natural gas surged in New York, heading for the biggest gain in six weeks, on speculation that U.S. inventories will drop for the first time this season as below normal temperatures spur fuel demand.

Gas rose as much as 4.7 percent.  Government data on Nov. 15 may show that stockpiles fell 15 billion cubic feel last weel to 3.914 trillion, according to Donald Murray, an economist at C.H. Guensey & Co. in Oklahoma City.  That would be the earliest seasonal decline since 2007.  Prices rose to a 10-month high of $3.82 per million British thermal units on Oct. 30.

“A withdrawal from inventories would tell the market that winter is already here,” said Tom Saal, senior vice president of energy trading at INTL Hencorp Futures LLC in Miami. “We’re obviously seeing colder weather than what people remember from the latter part of last year.”...

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Permalink Reply by Matthew Kable on November 13, 2012 at 10:10

It looks like some folks believe that peak NG inventories are already in for the year...  If true this would be the earliest start to the draw-down season in five years. Definitely good news!

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Permalink Reply by adubu on November 13, 2012 at 11:45

"Let it Snow let it Snow" Winter is Here -- Burn the Nat Gas and stay Warm--Let the EPA ,Clean Energy, Gobal Warming people stand in line for Gas and listen to them Bitch about no Gas--- Can they not drive there Car with Wind and Battery ( But guess what it takes Electricity to re-charge their Battery--- which takes fossil fuels or Coal or to some degree Wind to produce)  Can they heat their Homes with Wind Energy---Yes to make Electricity at higher Cost. Winter will start the draw down plus production from Shale beginning to decrease with drilling slowing down (Less Rigs in gas fields drilling due to lower prices and Rigs going to Oil Plays to Drill) Demand up Supply temporary down == market prices will respond up to $5 range over next 12 months........:)) 

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Permalink Reply by adubu on November 15, 2012 at 5:38

10:37AM

Natural gas turns lower after EIA supply data ( NGZ12 ) by Myra P. Saefong

SAN FRANCISCO (MarketWatch) -- Natural-gas futures turned lower Thursday after the Energy Information Administration reported that inventories of the commodity fell 18 billion cubic feet for the week ended Nov. 9. Analysts polled by Platts expected a withdrawal of between 10 billion cubic feet and 14 billion. Total stocks now stand at 3.911 trillion cubic feet, up 71 billion cubic feet from the year-ago level and 209 billion cubic feet above the five-year average, the government said. December natural gas (ngz12) was at $3.70 per million British thermal units, down 6 cents. It was trading around $3.80 shortly before the data.-------------------------------------following is my comment--I guess the drop was not enough and the market already had this first drop for the year priced in............

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