Natural Gas Storage Report - March 19
Posted: Thu Mar 19, 2015 11:26 am
Working gas in storage was 1,467 Bcf as of Friday, March 13, 2015, according to EIA estimates. This represents a net decline of 45 Bcf from the previous week. Stocks were 507 Bcf higher than last year at this time and 225 Bcf below the 5-year average of 1,692 Bcf.
It looks like we will end the heating season with close to 1,400 Bcf in storage. This compares to the 5-year average of 1,648 Bcf.
One more cold front expected to reach the NE quarter of the U.S. this weekend, which could help.
It looks like we will end the heating season with close to 1,400 Bcf in storage. This compares to the 5-year average of 1,648 Bcf.
One more cold front expected to reach the NE quarter of the U.S. this weekend, which could help.