EIA reports 113-Bcf withdrawal from gas storage

Natural gas storage inventories declined by 113 Bcf for the week ended Jan. 1, per EIA. The implied withdrawal was actually 117 Bcf as some reclassifications from base to working gas were noted in the South Central region, specifically from the non-salt facilities. The draw was bullish as market expectations were in the 90s to […]

EIA reports 34-Bcf withdrawal from gas storage

By Maria Sanchez Ponderosa Energy Natural gas storage inventories went down by 34 Bcf for the week ended Dec. 11, per EIA. The draw was below market expectations, which were calling for a 40-Bcf decline in stocks. The draw was also smaller than historical figures; a 61-Bcf draw was reported during the same week in […]

Natural gas waiting on winter

Ponderosa Energy forecast lower natural gas prices several months ago in its Market Malaise: Making Sense of Uncertainty report. We reiterated that forecast in our new report, Long Road to Recovery. We said prices were likely to tumble below $2.00 MMBtu, and they have. The continued question is how low can prices go, and when […]

Natural gas has first draw of season

By Maria Sanchez Ponderosa Energy Natural gas storage inventories posted a 53-Bcf withdrawal for the week ended Nov. 27, per EIA. The draw was in line with market expectations and also with historical figures as a draw of 42 Bcf was reported during the same week in 2014. The 5-year average for the week is […]

EIA reports 9-Bcf injection for week ended Nov. 20

By Maria Sanchez Ponderosa Energy Natural gas storage inventories went up by 9 Bcf for the week ended Nov. 20, according to EIA’s storage report released Wednesday. This is the second time in the past five years that an injection has been reported during the third week of November. In contrast, a draw of 141 […]

Natural gas inventories at 4 Tcf; now what?

US storage inventories of natural gas hit an all-time high of 4 Tcf (4,000 Bcf) for the week ended Nov. 13, after EIA today reported a 15-Bcf injection. The 4-Tcf mark has been expected since early summer as production growth continued to outpace demand growth. The 4-Tcf record will likely be topped next week, as […]

Inventories close to 4 Tcf after 49-Bcf build

By Maria Sanchez Ponderosa Energy EIA today said natural gas storage inventories posted a 49-Bcf build for the week ended Nov. 6, moving total inventories to a record-high 3.978 Tcf. Preliminary market expectations are for another build this week (for the week ended Nov. 13), which would likely move inventories above the 4-Tcf level for […]

Natural gas prices higher after 52-Bcf injection

By Maria Sanchez Ponderosa Energy An injection of 52 Bcf for the week ended Oct. 30 closes the traditional injection season for the natural gas storage market, though injections could continue later into November. Today’s number is a bullish injection compared to the high 50s expected by market players and also when compared to the […]

EIA reports 63-Bcf gas injection; stocks nearing record high

By Maria Sanchez Ponderosa Energy Natural gas storage inventories went up by 63 Bcf for the week ended Oct. 23, according to EIA’s storage report released today. The build was in line with market expectations. The December contract for Henry Hub was trading at $2.36 as of this writing, up 6 cents from Wednesday’s close. The […]