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Natural Gas Price Fundamental Daily Forecast – Following Weather Lower; Trader Reaction to $2.706 Sets Tone
US Energy Information Administration Weekly Storage Report The EIA on Thursday reported a 98 Bcf withdrawal from U.S. gas stocks for the week-ended February 26. Analysts were looking for a triple digit pull, so the report was deemed disappointing. Working gas in storage was 1,845 Bcf as of Friday, February 26, 2021, according to EIA estimates. This represents a net decrease of 98 Bcf from the previous week. Stocks were 277 Bcf less than last year at this time and 178 Bcf below the five-year average of 2.023 Bcf. At 1,845 Bcf, total working gas is within the five-year historical range. Liquefied Natural Gas Exports ... (full story)