BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

S&P Global Platts Survey of Analysts Suggests U.S. EIA Data to Show 87-Bcf Draw to Natural Gas Stocks


The U.S. Energy Information Administration (EIA) on Thursday is expected to report an 87-billion cubic feet (Bcf) withdrawal for the week that ended March 16, according to a survey of analysts by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets.



Responses to the survey ranged for a withdrawal of 77 Bcf to 95 Bcf. The EIA plans to release its weekly storage report at 10:30 am EDT on Thursday.



An 87 Bcf draw would be less than the 137 Bcf withdrawal reported at this time in 2017 but more than the five-year average pull of 53 Bcf.



A withdrawal within analysts’ expectations of 87 Bcf would deplete stocks to 1.445 trillion cubic feet (Tcf). The deficit versus the five-year average would expand to 330 Bcf and the deficit against 2017 in the corresponding week would contract to 668 Bcf.



The withdrawal is expected to be slightly less than the 93 Bcf draw reported by the EIA for the week ended March 9. It dropped inventories to 1.532 Tcf, which was 31.9% less than the year-ago inventory of 2.250 Tcf, and 16.2% less than the five-year average of 1.828 Tcf. It was also the fourth consecutive draw to register below the five-year average.



Although the storage withdrawal season typically ends during the first week in April, early forecasts show net withdrawals continuing through the week ending April 13, providing at least one extra pull than usual before the flip to injection season.



An early forecast for the week ending March 23 calls for a 53 Bcf withdrawal, according to Platts Analytics. This would further expand the storage deficit versus the five-year average to 336 Bcf with three more withdrawals likely remaining before season’s end.



The weekly analyst survey is conducted by S&P Global Platts’ editorial team, and is published every Wednesday, one day ahead of the 10:30 a.m. (ET) Thursday release of the weekly natural gas storage report of the U.S. Energy Information Administration. Platts has been conducting this survey since January 2007. The survey includes 15 to 25 analysts, some on a rotational basis.



**In its weekly natural gas report, the EIA divides the U.S. into five storage regions: East, Midwest, South Central, Mountain and Pacific. The full listing of the states that comprise each can be found here.


CONTACT
Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com



About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We’re the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.



S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.


S&P Global Platts Media Contact update

Americas: Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com
EMEA and Asia: Alex Brog, +44 20 7176 7645, alex.brog@spglobal.com and Arnaud Humblot, +44 20 7176 6685, arnaud.humblot@spglobal.com

About S&P Global Platts

At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/platts/en



Register Now

Register here to receive S&P Global Platts press releases by Email