Thursday, December 04, 2003 10:34:52 AM
NatGas - 59 bullish
Working gas in storage was 3,095 Bcf as of Friday, November 28, 2003, according to EIA estimates. This represents a net decline of 59 Bcf from the previous week. Stocks were 139 Bcf higher than last year at this time and 117 Bcf above the 5-year average of 2,978 Bcf. In the East Region, stocks were 25 Bcf above the 5-year average following net withdrawals of 35 Bcf. Stocks in the Producing Region were 76 Bcf above the 5-year average of 812 Bcf after a net withdrawal of 15 Bcf. Stocks in the West Region were 15 Bcf above the 5-year average after a net drawdown of 9 Bcf. At 3,095 Bcf, total working gas is within the 5-year historical range.
On target for possible -100 next week per Robry, that should wake some folks up...
Working gas in storage was 3,095 Bcf as of Friday, November 28, 2003, according to EIA estimates. This represents a net decline of 59 Bcf from the previous week. Stocks were 139 Bcf higher than last year at this time and 117 Bcf above the 5-year average of 2,978 Bcf. In the East Region, stocks were 25 Bcf above the 5-year average following net withdrawals of 35 Bcf. Stocks in the Producing Region were 76 Bcf above the 5-year average of 812 Bcf after a net withdrawal of 15 Bcf. Stocks in the West Region were 15 Bcf above the 5-year average after a net drawdown of 9 Bcf. At 3,095 Bcf, total working gas is within the 5-year historical range.
On target for possible -100 next week per Robry, that should wake some folks up...
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