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Henry Hub Holds Gains on 223 bcf Stock Draw

NATGAS
USHomepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower BulletsNorth America

Henry Hub is holding previous gains and has shown no clear direction following the release of this week’s EIA storage data which came in above average but below expectation draw.

  • US Natgas FEB 25 up 0.6% at 3.99$/mmbtu
  • US Natgas MAR 25 up 0.6% at 3.53$/mmbtu
  • The EIA weekly gas inventories for the week ending Jan. 17 showed a slightly below expectation but well above-average withdrawal of 223 bcf. The seasonal five-year average shows a net withdrawal of around 167bcf.
  • Total stocks are down to 2,892 bcf and 57bcf below levels seen a year ago and just 21bcf above the previous five-year average of 2,871bcf.
  • Survey forecasts prior to data: -252 bcf (bbg), -240 bcf (Reuters), -251 bcf (WSJ)
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Henry Hub is holding previous gains and has shown no clear direction following the release of this week’s EIA storage data which came in above average but below expectation draw.

  • US Natgas FEB 25 up 0.6% at 3.99$/mmbtu
  • US Natgas MAR 25 up 0.6% at 3.53$/mmbtu
  • The EIA weekly gas inventories for the week ending Jan. 17 showed a slightly below expectation but well above-average withdrawal of 223 bcf. The seasonal five-year average shows a net withdrawal of around 167bcf.
  • Total stocks are down to 2,892 bcf and 57bcf below levels seen a year ago and just 21bcf above the previous five-year average of 2,871bcf.
  • Survey forecasts prior to data: -252 bcf (bbg), -240 bcf (Reuters), -251 bcf (WSJ)