Natural Gas Storage Report - March 5
Posted: 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".
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".