Into The Vortex – EIA Reports Natural Gas Storage Decreased 151Bcf Last Week

EIA reported a net withdrawal of -151Bcf from storage last week. There was a revision for weeks ending January 13 and January 20 from -91 Bcf to -86 Bcf. Stocks drew -261Bcf in the same week last year with a five-year (2017-2021) average decline of -181Bcf. Salt Dome Cavern stocks added -13Bcf from +3Bcf last week. Milder temperatures bring inventories back in line with the five-year and we have seen US benchmark HH Natural gas futures continue to be in … Continue reading “Into The Vortex – EIA Reports Natural Gas Storage Decreased 151Bcf Last Week”

Into The Vortex – US Natural Gas Stocks Fall -91Bcf Vs Five Year Average -185Bcf

Milder weather continues to ease the withdrawal from US natural gas storage, and therefore prices. EIA reported a net withdrawal of -91Bcf from storage last week. Stocks drew -217Bcf in the same week last year with a five-year (2017-2021) average decline of -185Bcf. Salt Dome Cavern stocks added +3Bcf from +12Bcf last week. Upcoming milder temperatures bring inventories back in line with the five-year and we have seen US benchmark HH Natural gas futures continue to be in the doldrums … Continue reading “Into The Vortex – US Natural Gas Stocks Fall -91Bcf Vs Five Year Average -185Bcf”

EIA Reports US Natural Gas Storage Fell -82Bcf as Expected Last Week

The EIA storage reported a net withdrawal of -82Bcf. Stocks drew -203 bcf in the same week last year with a five-year (2017-2021) average decline of -156 bcf. Salt Dome Cavern stocks added +12Bcf from +25Bcf last week. Upcoming milder temperatures bring inventories back in line with the five-year and we have seen US benchmark HH Natural gas futures continue to be in the doldrums testing lower lows. The previous week was the first build the US has recorded in … Continue reading “EIA Reports US Natural Gas Storage Fell -82Bcf as Expected Last Week”

EIA Reports Surprise Natural Gas Storage Build of 11Bcf with Milder Weather

The EIA storage reported as a build of +5Bcf with much milder weather following the arctic freeze, a draw of -15Bcf was the consensus. Stocks drew 157 bcf in the same week last year with a five-year (2017-2021) average decline of 157 bcf. Salt Dome Cavern stocks added +25Bcf from -53Bcf last week. Upcoming milder temperatures bring inventories back in line with the five-year and have seen US benchmark HH Natural gas futures continue to be in the doldrums. Natural … Continue reading “EIA Reports Surprise Natural Gas Storage Build of 11Bcf with Milder Weather”

Into The Vortex – EIA Reports Natural Gas Storage Drew -221Bcf After Arctic Freeze

In the last EIA storage release for the 2022 storage was reported as a draw of 221Bcf, much lower than expected. Salt Dome Cavern stocks drew -53Bcf from -17Bcf last week. Upcoming milder temperatures bring inventories back in line with the five-year and have seen US benchmark HH Natural gas futures continue to sell off. Natural gas futures continued to sell off in the new year in Europe, UK and the US on warmer weather and lower industrial demand to … Continue reading “Into The Vortex – EIA Reports Natural Gas Storage Drew -221Bcf After Arctic Freeze”