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Natural Gas Storage Report: Withdrawal Season Week 2 (Week Ending November 10, 2017)

Despite earlier projections, Withdrawal Season didn’t take long to live up to its name. Today, the EIA reported the first net storage outflow since March of this year, totaling 18 Bcf. This was slightly greater than the market expectation of 14 Bcf, and a reversal from the previous year’s 30 Bcf build. Both last week’s lean build and this week’s draw all but confirm the colder weather models...

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Natural Gas Storage Report: Withdrawal Season Week 1 (Week Ending November 3, 2017)

Natural gas withdrawal season is here, and it seems cooler heads are being overwhelmed by the cooler weather. Today, the EIA released the natural gas storage report for the week ending last Friday, showing a slight build of 15 Bcf. This was right in line with market expectations, but by comparison, the 5 year average stands at 41 Bcf, and 54 Bcf was injected each of the previous two years....

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