Join me @ IBOtoolbox for free.
Mike Grimes
Member Since: 7/21/2011
performance / stats
Country: United States
Likes Received: 1379
Featured Member: 1 times
Associates: 250
Wall Posts: 4702
Comments Made: 353
Press Releases: 1965
Videos: 4
Phone: 877-212-1400
Skype:     mike.grimes52
profile visitor stats
TOTAL: 419905
are we ibo associates?
active associates
Whitney Jacqueline       
Last logged on: 10/17/2018

Terri Pattio    
Last logged on: 10/17/2018

My Network    
Last logged on: 10/17/2018

Wally Pieper    
Last logged on: 10/17/2018

Eugenijus Sakalauskas    
Last logged on: 10/17/2018

Lisa Smith     
Last logged on: 10/17/2018

Michael Gielfeldt     
Last logged on: 10/17/2018

Lonnie Glosup    
Last logged on: 10/17/2018

Marlena Burton    
Last logged on: 10/17/2018

nadda nadda    
Last logged on: 10/17/2018

James Randolph     
Last logged on: 10/17/2018

Pauline Burke    
Last logged on: 10/17/2018

mourad marketer    
Last logged on: 10/17/2018

Louise Douglas  
Last logged on: 10/17/2018

Lonnie E. Shipe, M.A.    
Last logged on: 10/17/2018

other ibo platforms

Mike Grimes   My Press Releases

Daily energy report

Published on 12/3/2017
For additional information  Click Here

Natural Gas Storage Report 

Withdrawal Season Week 4 (Week Ending November 24, 2017)
Fluctuating weather models continue to headline this year’s Withdrawal Season, as natural gas surpluses reflected an unexpectedly light pull for last week. Today, the EIA reported a net withdrawal of 33 Bcf, which was right in line with expectations of a 31 Bcf draw. To note, 53 and 50 Bcf were withdrawn this time in 2015 and 2016 respectively, though the five year average stands at 27 Bcf. The bulls came charging out of the holiday weekend with January through March 2018 futures rallying three straight days, as long-term forecasts shifted colder. Short-term demand is expected to remain mild until cooler temperatures arrive this weekend, indicating another potentially seasonally light withdrawal to be reported next Thursday.
Working natural gas inventories currently stand at 3,693 Bcf. This figure is 309 Bcf (8.4%) less than this time last year and 107 Bcf (2.9%) below the five year average.
The January 2018 NYMEX Future was depressed under $3.10/MMBtu before the report’s release, and has continued to fall to just over $3.04/MMBtu since.

Outlook for the Balance of Storage Season:

The graph below compares historical 12, 24 and 36 month strip prices and storage levels for the past 5 years.

The following table shows the injection numbers we will need to average by week to hit selected historical levels:

The following two graphs show current natural gas in storage compared to each of the last 5 years and weekly storage averages and patterns. 

The graph below shows the injections through the current week over the past 5 years. 

Finally, the graphics below depicts the 6 to 10 day temperature range outlook from the National Weather Service. 

Current Week's Outlook

Future Outlook

text energychoice to 63975

Member Note: To comment on this PR, simply click reply on the owners main post below.
-  Copyright 2016 IBOsocial  -            Part of the IBOtoolbox family of sites.