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Natural Gas Storage Report: Withdrawal Season Week 20 (Week Ending March 16, 2018)

Week 20 of the natural gas withdrawal season saw a draw on storage of 86 Bcf. The average expectation, based on the Reuters survey, was a nearly identical 87 Bcf. This year’s week 20 withdrawal was considerably lower than 2017’s 137 Bcf figure, however it was greater than the five year average of 53 Bcf. Exceeding the five year average did not have the impact one might expect, as the market is...

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Natural Gas Storage Report: Withdrawal Season Week 18 (Week Ending March 2, 2018)

Shoulder season-like weather across much of the country to close out February created a stagnant market for the week ending March 2nd. The prompt month opened the week at $2.70, while the week closed at a nearly identical $2.71. The lack of a weather related impact on the market was also on display in this week’s withdrawal number. The uninspiring withdrawal of 57 Bcf was in line with the...

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