Thursday, March 13, 2014

EIA Natural Gas Inventory; 195 BCF Withdrawal

The EIA reported a 195 BCF pull from inventories today, in line with expectations for the very cold week ended March 7.  Gas fell three cents initially on the news.  

PDF Report

The decline to 1,001 BCF left working gas in storage 858 BCF below this time last year:

This week's -195 B decline was 165 B greater than the 5 Year Average of -30 B.

The largest percentage deficits continued in the producing region, where specifically the non-salt dome storage facilities fell further below historical norms: