Natural Gas Storage Report - March 21
Posted: Thu Mar 21, 2013 3:43 pm
Working gas in storage was 1,876 Bcf as of Friday, March 15, 2013, according to EIA estimates. This represents a net decline of 62 Bcf from the previous week. Stocks were 502 Bcf less than last year at this time and 162 Bcf above the 5-year average of 1,714 Bcf.
We are now sure to see storage dip below 1,800 bcf by the end of March. I think we will see an 80-100 bcf draw next week.
We are now sure to see storage dip below 1,800 bcf by the end of March. I think we will see an 80-100 bcf draw next week.