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Natural Gas Storage Report: Withdrawal Season Week 9 (Week Ending December 30, 2016)

The final week of Withdrawal Season in 2016 left many traders slightly puzzled, as the EIA reported an abnormally bearish storage number for week ending December 30, 2016. Today, the EIA reported a net withdrawal of 49 Bcf, far below the expectation of 82 Bcf and the five-year pace of a 115 Bcf pull. The reasoning behind an expectedly low draw was due to revised weather models taking a warmer...

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Natural Gas Storage Report: Withdrawal Season Week 8 (Week Ending December 23, 2016)

Friday December 23rd concluded the eighth week of the 2016-2017 Withdrawal Season, and today the EIA reported the largest natural gas pull since the 2013-2014 season. Last week, there was a net withdrawal of 237 Bcf. Market expectations for this morning’s report were just at a 220 Bcf outflow, whereas a relatively modest 58 Bcf was drawn this time last year. Upcoming reports are expected to...

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