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Rover Natural Gas Pipeline Data ***NEW!***
Click the link above for full details on this important new source of natural gas supply and takeaway capacity from the booming Marcellus Shale.
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Natural Gas Storage Projection For September 16-22: Bullish Storage Injection Expected As Late-Summer Heatwave Boosts Demand
Friday, September 22, 2017
Today's commentary discussing my projection for next week's natural gas storage projection and near-term outlook for natural gas is published exclusively on Seeking Alpha. Click below to read the full article.
In its weekly Natural Gas Storage Report for the week of September 9-15, the EIA announced Thursday morning that inventories grew by +97 BCF. This was much larger than my projected +86 BCF build and was 24 BCF bearish versus the 5-year average. It was the third straight bearish weekly build and boosted the natural gas storage surplus versus the 5-year average from a negligible +8 BCF on August 25 to +67 BCF as of September 15. This growth in surplus has been due to the unfortunate combination of cooler-than-average temperatures, powerburn suppression and electrical outages associated with hurricanes Harvey and Maria, and the Labor Day Holiday. Unsurprisingly, following the report that was both bearish and worse than expected, natural gas cratered, falling 15 cents or 4.8...
Continue Reading Full Article (Seeking Alpha)...
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