Natural Gas Storage Report - March 5

dan_s · Post by **dan_s** » Thu Mar 05, 2015 4:58 pm

Working gas in storage was 1,710 Bcf as of Friday, February 27, 2015, according to EIA estimates. This represents a net decline of 228 Bcf from the previous week. Stocks were 492 Bcf higher than last year at this time and 143 Bcf below the 5-year average of 1,853 Bcf.

Bullish report. We should now see storage dip below 1,400 Bcf by the end of March, which is lower than hoped for a couple weeks ago.

Joe Bastardi's last weekend update said mid-March would see a warm-up, but he forecasts a very cold last ten days of March. Too little, too late but at least it is something for the "gassers".