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Natural Gas Storage Report: Injection Season Week 11 (Week Ending June 16, 2017)

Expectation nearly met with reality this week as the net change of 61 Bcf only slightly eclipsed the proposed 58 Bcf injection. Part of this thin build, coming in under last year’s value of 63 Bcf and the five-year average of 82 Bcf, was influenced by the ongoing Tropical Storm Cindy, which diminished production in the Gulf of Mexico to levels below 2 Bcf/d for the first time since Tropical...

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Natural Gas Storage Report: Injection Season Week 10 (Week Ending June 9, 2017)

After weeks of bearish activity, injection season finally took a turn in the bulls’ favor. Today’s build of 78 Bcf came up significantly short of the 86 Bcf market expectation, igniting the market in an upward trend that has been notably absent for the majority of the recently neutral shoulder season. This injection still managed to surpass last year’s almost equally thin build of 65 Bcf, but...

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