Natural Gas Storage Report - March 26

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Natural Gas Storage Report - March 26

Post by dan_s »

Working gas in storage was 1,479 Bcf as of Friday, March 20, 2015, according to EIA estimates. This represents a net increase of 12 Bcf from the previous week. Stocks were 575 Bcf higher than last year at this time and 194 Bcf below the 5-year average of 1,673 Bcf.

We should see three more weeks of draws from storage. Storage level will end the heating season around 1,400 BCF, about 250 Bcf below the 5-year average.

Check out the 10-day forecast for Chicago: http://www.wunderground.com/q/zmw:60290.1.99999
Dan Steffens
Energy Prospectus Group
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