Natural Gas: Big draw from storage expected tomorrow
Posted: Wed Jan 26, 2022 1:12 pm
US natural gas storage looks to record largest weekly draw of heating season. S&P Global.
US natural gas storage volumes likely registered the largest drop of the season for the week ended Jan. 21, flipping the surplus to the five-year average to a deficit, as an even larger draw is expected for the week in progress due to colder temperatures and production declines. The US Energy Information Administration is expected to report a 214 Bcf withdrawal for the week ended Jan. 21, according to a survey of analysts by S&P Global Platts. Responses to the survey ranged from a 200-227 Bcf withdrawal. The EIA plans to release its weekly storage report on Jan. 27 at 10:30 am ET.
Very cold weather for a few days in the Marcellus/Utica will cause a lot of gas well freeze offs.
US natural gas storage volumes likely registered the largest drop of the season for the week ended Jan. 21, flipping the surplus to the five-year average to a deficit, as an even larger draw is expected for the week in progress due to colder temperatures and production declines. The US Energy Information Administration is expected to report a 214 Bcf withdrawal for the week ended Jan. 21, according to a survey of analysts by S&P Global Platts. Responses to the survey ranged from a 200-227 Bcf withdrawal. The EIA plans to release its weekly storage report on Jan. 27 at 10:30 am ET.
Very cold weather for a few days in the Marcellus/Utica will cause a lot of gas well freeze offs.