trending Market Intelligence /marketintelligence/en/news-insights/trending/X7h7GWopv0YUN-EINeq4sQ2 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

Natural gas storage pull expected to come in below historical averages

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon


Natural gas storage pull expected to come in below historical averages

The weekly natural gas inventory report to be released by the U.S. Energy Information Administration at 10:30 a.m. ET on Nov. 30 is expected to detail a withdrawal from storage that is below historical averages.

Analysts and traders surveyed are calling for a storage pull from 30 Bcf to 47 Bcf, with a consensus withdrawal pegged at 38 Bcf for the week ended Nov. 24. The latest figure will compare to a 43-Bcf year-ago pull and the 47-Bcf five-year average withdrawal.

SNL Image

For the week ended Nov. 17, the agency reported a net 46 Bcf was pulled from storage, leaving total U.S. working gas at 3,726 Bcf, or 319 Bcf below the year-ago level and 121 Bcf below the five-year average of 3,847 Bcf.

Citi Futures energy analyst Tim Evans wrote in a Nov. 29 research note to clients that mild temperatures in many regions of the country during the report period suggest a bearish storage report "before the impact of the colder temperatures is felt."

Degree day data from the National Oceanic and Atmospheric Administration for the review week ended Nov. 25 reflects warmer weather that is less supportive of demand. For the period ended Nov. 25, heating degree days were 33.1% fewer than normal for the week and 20.4% fewer than the corresponding week in 2016.

SNL Image

Furthermore, market sources have said that overall natural gas demand is likely to be impacted due to closures resulting from the two-day Thanksgiving holiday during the period under review.

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.