La Croix Energy Capital | Petroleum Derivative Trading

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Thursday, March 11, 2010

EIA Weekly NatGas Storage Report 5-Mar-10

NYMEX Natural Gas 60-min. Intra-day Price Profile
Summary
"Working gas in storage was 1,626 Bcf as of Friday, March 5, 2010, according to EIA estimates. This represents a net decline of 111 Bcf from the previous week. Stocks were 71 Bcf less than last year at this time and 19 Bcf above the 5-year average of 1,607 Bcf. In the East Region, stocks were 3 Bcf above the 5-year average following net withdrawals of 72 Bcf. Stocks in the Producing Region were 39 Bcf below the 5-year average of 587 Bcf after a net withdrawal of 32 Bcf. Stocks in the West Region were 55 Bcf above the 5-year average after a net drawdown of 7 Bcf. At 1,626 Bcf, total working gas is within the 5-year historical range."

Source: U.S. Energy Information Administration; NOAA