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Natural Gas Storage Report: Withdrawal Season Week 16 (Week Ending February 17, 2017)

Today, the EIA reported on working natural gas through Withdrawal Week 16, showing a net pull of 89 Bcf. This figure was within 5% of the anticipated 85 Bcf pull, but barely half the five year average pace of 176 Bcf. Ever-changing weather models continued to shift more toward the warm side last week, as the consensus of the meteorological community indicates the worst of Winter 2016-2017 has...

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Natural Gas Storage Report: Withdrawal Season Week 15 (Week Ending February 10, 2017)

Week 15 of the 2016-2017 Withdrawal Season came to a conclusion this past Friday, and today the EIA reported a slightly bearish 114 Bcf draw. This figure is 8% lower than the market expectation of 124 Bcf and 33% lower than the five year average of a 173 Bcf pull. As anticipated, moderate weather models dictated this lighter pull, as many calls for a cold winter still in store were stifled this...

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