Feb 28-March 5:: Swings in nat gas demand will continue throughout the coming week as weather systems track across the country from west to east. After cooling this past weekend over the Midwest and East, warm high pressure will briefly build back in Tue-Wed for another return to lighter than normal demand. However, the next weather system in the series will be quick on its heels as it tracks out of the western US mid-week and across the northern and eastern US Thu-Sat with rain, snow, and cooler than normal conditions, resulting in a return to stronger demand. Overall, nat gas demand when averaged over the week will be MODERATE.
Feb 23 EIA Report Temps vs Normal
EIA Nat Gas Report: Feb 15
Nat Gas In Underground Storage
February 16: Today's EIA nat gas storage report showed a draw on supplies of -114 Bcf vs the 5-year average of -156 Bcf. We were again to the correct side this week, but a little heavy at -122 Bcf. This puts total supplies at 2,445 Bcf which is +87 larger than the 5-year average, and 303 Bcf less then this time last year. Next week's report should sport a little lighter draw due to milder than normal conditions again covering much of the country.
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