Why Natural Gas Storage Numbers Are Misleading

Bill Powers submits:Today’s 78 billion cubic feet (bcf) natural gas storage injection for the week ending July 9th should be considered bullish for a variety of reasons. First, while the weather has been quite hot throughout most of the country during the first part of July, 78 bcf is 16% below the 5-year average injection of 93 bcf for a similar week and 13% below last year’s 90 bcf injection. Second, it shows that last week’s injection of 78 bcf, which was slightly ab

U.S. natural gas futures rose nearly 2 percent early on Friday, lifted to their highest mark in more than 20 months amid a tightening supply picture and more cold weather returning to consuming regions of the nation late this week. In addition a slew of spring power plant outages were helping to keep demand for gas-fired generation firm.

By Hard Assets Investor: The natural gas market is facing an unprecedented glut. We examine the latest outlook. Natural gas prices fell back below $2.30/mmbtu today after the Energy Information Administration reported that storage operators injected 11 bcf into storage last week. That was slightly above market expectations that were calling for an injection between 5 and 10 bcf. NATURAL GAS

By EconMatters: A two-day 10.7% rally helped natural-gas futures to a three-week high of $2.684 per mmbtu on Friday Feb. 17, partly sparked by more-than-expected supplies decline, Encana (ECA) shutting in production, and traders' short-covering.

By Hard Assets Investor: Year-over-year inventory deficit continues to decline despite scorching summer temperatures.

By Hard Assets Investor: By Sumit Roy Natural gas prices are trading at the lowest levels in years thanks to surging production and elevated inventory levels.

By Hard Assets Investor: The U.S. natural gas inventory deficit has almost been completely wiped out. The Energy Information Administration reported that storage operators injected 111 billion cubic feet of natural gas into storage in the week ending Sept. 23. That was above estimates that were calling for an injection between 99 bcf and 104 bcf, and well above last year’s build of 74 bcf and the five-year average of 71 bcf.

Hard Assets Investor submits: By Sumit Roy Natural gas prices move back toward $4 as forecasts for warm temperatures fail to offset a large storage injection and economic head winds.