trending Market Intelligence /marketintelligence/en/news-insights/trending/-bevWbVMbjAamU-PtrueZA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

47-Bcf withdrawal from Lower 48 natural gas storage meets expectations

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020

Essential Energy Insights - May 14, 2020


47-Bcf withdrawal from Lower 48 natural gas storage meets expectations

Storage operators drew a net 47 Bcf from natural gas inventories in the Lower 48 during the week to March 15, compared to a five-year-average draw of 56 Bcf, the U.S. Energy Information Administration reported.

The withdrawal, which came in close to S&P Global Platts analyst survey's 48 Bcf draw expectation, brought total Lower 48 working gas supply to 1,143 Bcf, or 315 Bcf below the year-ago level and 556 Bcf below the five-year average.

By region:

* In the East, inventories slid 17 Bcf on the week at 245 Bcf, 11% under a year ago.

* In the Midwest, storage levels fell 19 Bcf at 268 Bcf, down 16% from a year earlier.

* In the Mountain region, storage levels fell 4 Bcf at 62 Bcf, 31% under a year ago.

* In the Pacific region, inventories fell 6 Bcf at 96 Bcf, 43% under the year-ago level.

* In the South Central region, inventories fell 2 Bcf at 471 Bcf, 22% below the year before.

Of that total, 135 Bcf was in salt cavern facilities and 336 Bcf was in non-salt-cavern facilities. Working gas stocks rose 5% in salt cavern facilities from the previous week and were down 2.3% in non-salt-cavern facilities.

S&P Global Platts and S&P Global Market Intelligence are owned by S&P Global Inc.