Yesterday we saw the first withdrawal from U.S. natural gas storage of the fall. Analysts expected a draw of 47 billion cubic feet, but the Energy Information Agency reported a much larger draw of 64 Bcf. This report reflects the impact of the first blast of wintry weather that swept through the week of December. Read the Rest…
Monthly Archive
for: ‘December, 2009’
Market Surprised By Yet Another Injection of Natural Gas
Many industry experts had expected to see the first withdrawal of natural gas this morning. But instead of getting the 2 bcf withdrawal that was expected, the first natural gas storage report of December showed an injection of 2 bcf. To put this in perspective, during the same week last year the Energy Information Agency. Read the Rest…
Does Latest Natural Gas Production Report Signal a Market Bottom?
For months analyst have been looking for the massive drop in rig counts to result in a decrease in natural gas production in the U.S. According to the Energy Information Agency’s latest production report, this has finally happened. Production in the lower 48 states fell by 1.4 billion cubic feet per day in September. This. Read the Rest…
