Natural Gas Storage Report - Feb 16

[dan_s]

Working gas in storage was 2,445 Bcf as of Friday, February 10, 2017, according to EIA estimates. This represents a net decrease of 114 Bcf from the previous week. Stocks were 303 Bcf less than last year at this time and 87 Bcf above the five-year average of 2,358 Bcf. At 2,445 Bcf, total working gas is within the five-year historical range.

Close to what was expected. Storage level should be near the 5-year average at the end of March (~1,900 Bcf) and about 600 Bcf below last year's ending storage level. Gap to last year will widen a lot over the last six weeks of winter.

Just remember IT IS NOT ALL ABOUT THE WEATHER.
> U.S. gas production is down
> Industrial, power generation and exports keep going up

[dan_s]

Since the week ending 11-4-2016 (15 weeks), natural gas in storage has declined by 1,518 Bcf. This compares to the 5-year average of -1,458 Bcf.

[bearcatbob]

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