trending Market Intelligence /marketintelligence/en/news-insights/trending/153iboul5qqajuj4s7r3jg2 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.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

EIA expected to report another triple-digit pull from gas storage

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

ChangePays Although Still Underrepresented Women in the C Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles


Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018

EIA expected to report another triple-digit pull from gas storage

The weekly natural gas inventory report to be released by the U.S. Energy Information Administration at 10:30 a.m. ET on Dec. 22 is expected to detail another triple-digit withdrawal this season for the week ended Dec. 16.

The agency could show a withdrawal from storage ranging from 195 Bcf to 205 Bcf, with an average 200-Bcf pull projected for the week under review. The figure will compare to a 101-Bcf five-year average withdrawal and a smallish 33-Bcf pull during the same week in 2015.

SNL Image

Heating degree day data from the National Oceanic and Atmospheric Administration for the review week ended Dec. 17 reflect cold weather that drove demand higher, outlining almost 85% more heating degree days compared to the same week in 2015 and 11.1% more degree days than normal for the week.

SNL Image

For the week ended Dec. 9, the EIA reported a net 147-Bcf withdrawal from natural gas inventories in the Lower 48. The pull exceeded the five-year average withdrawal of 79 Bcf and the 46-Bcf pull reported for the same week in 2015. The 147-Bcf withdrawal also brought the total U.S. working gas supply to 3,806 Bcf, turning the year-on-year surplus to a deficit of 50 Bcf and shrinking the year-on-five-year average storage surplus to 186 Bcf.

The withdrawal anticipated in the coming week's data would result in a total working gas supply of 3,606 Bcf. At the consensus pull, the year-on-five-year-average surplus would narrow to 87 Bcf while the deficit to the year-ago level would widen to 217 Bcf.

Market prices and included industry data are current as of the time of publication and are subject to change. For more detailed market data, including power and natural gas index prices, as well as forwards and futures, visit our Commodities Pages.