trending Market Intelligence /marketintelligence/en/news-insights/trending/yRVmU3BGlH7m_rCowGA5yA2 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

204-Bcf draw from Lower 48 gas storage comes slightly below expectations

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

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


204-Bcf draw from Lower 48 gas storage comes slightly below expectations

Natural gas storage operators drew a net 204 Bcf from Lower 48 inventories in the week to March 8, versus the five-year-average draw of 99 Bcf, the U.S. Energy Information Administration reported.

The draw, which came in right around an S&P Global Platts analyst survey's expected 208 Bcf withdraw, brought total working gas supply to 1,186 Bcf, or 359 Bcf below the year-ago level and 569 Bcf below the five-year average.

By region:

* In the East, inventories slid 49 Bcf on the week at 262 Bcf, 18% under a year earlier.

* In the Midwest, stockpiles were down 51 Bcf at 287 Bcf, 19% below the year-ago level.

* In the Mountain region, stockpiles dropped 7 Bcf at 66 Bcf, down 30% from the year before.

* In the Pacific region, inventories declined 10 Bcf at 102 Bcf, down 40% from the year-ago level.

* In the South Central region, stockpiles declined 88 Bcf at 469 Bcf, 23% below the year before.

Of that total, 129 Bcf of gas was in salt cavern facilities and 340 Bcf was non-salt cavern. Working gas stocks dropped 28% in salt cavern facilities from the previous week and dropped 9.8% in non-salt cavern facilities.

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