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Lower 48 working Natural Gas stocks hit a new record for largest weekly net withdrawals in March

From eia.gov

Net withdrawals for the Lower 48 states totaled 204 billion cubic feet (Bcf) for the week ending March 8, 2019. This value is the largest value ever reported for March in the Weekly Natural Gas Storage Report (WNGSR). Out of the 20 largest reported March withdrawals, 5 have occurred since 2014, including last week’s (week ending March 1, 2019) reported net withdrawal of 149 Bcf. On a regional basis, net withdrawals totaled 88 Bcf and 51 Bcf in the South Central and South Central salt regions, respectively, setting new March highs since EIA adopted the five-region breakout. The Mountain region also set a new March ... (full story)

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  • Category: Fundamental Analysis