Our forecast for this week’s report is for an injection of 77 bcf. Last week was probably one of the most weather neutral weeks so far this year, as demand slipped modestly in all the major categories, while supplies held firm for the most part. With such slack conditions, we think the market can hold more in the 70s bcf range for injections, but still well below year ago injection rates, and below 5-year average injection rates for this time of year. This will prove critical in keeping storage ....
17 May 2016
Weekly U.S. Natural Gas Storage Update
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Weekly U.S. Natural Gas Storage Update
Our forecast for this week’s report is for an injection of 77 bcf. Last week was probably one of the most weather neutral weeks so far this year, as demand slipped modestly in all the major categories, while supplies held firm for the most part. With such slack conditions, we think the market can hold more in the 70s bcf range for injections, but still well below year ago injection rates, and below 5-year average injection rates for this time of year. This will prove critical in keeping storage ....