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Natural Gas Storage Report: Withdrawal Season Week 10 (Week Ending January 5, 2018)

The largest withdrawal since the 288 Bcf pull on January 10th, 2014 occurred this morning, clocking in at a whopping 359 Bcf. This record-setting withdrawal not only managed to surpass the market expectation of a 333 Bcf net change, but also nearly doubled the draws from last year and the five-year average, which came in at -151 Bcf and -162 Bcf respectively. Outlooks for this winter proved to...

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Natural Gas Storage Report: Withdrawal Season Week 9 (Week Ending December 29, 2017)

2018 is here, and predictably the first report of the New Year was the largest draw yet of the season. Today, the EIA reported a net withdrawal of 206 Bcf with major heating markets of the Midwest and East accounting for just over half at 108 Bcf. This however was still a slightly bearish number compared to market expectations of a 221 Bcf pull, though far greater than last year’s 49 Bcf and...

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