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Oil, Gas, And Fracking News Read 21March 2021

Oil, Gas, And Fracking News Read 21March 2021
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Oil, Gas, And Fracking News Read14March 2021

The natural gas storage report from the EIA for the week ending March 5th indicated that the amount of natural gas held in underground storage in the US fell by 52 billion cubic feet to 1,793 billion cubic feet by the end of the week, which left our gas supplies 257 billion cubic feet, or 12.5% below the 2,050 billion cubic feet that were in storage on March 5th of last year, and 141 billion cubic feet, or 7.3% below the five-year average of 1,934 billion cubic feet of natural gas that have been in storage as of the 5th of March in recent years..the 52 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast of a 65 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, and was also less than 72 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and less than the average withdrawal of 89 billion cubic feet of natural gas that have been pulled out of nat

Natural Gas Price Fundamental Weekly Forecast - Bearish 10-15 Day Forecast to Weigh on Prices

forecasts Natural Gas Price Fundamental Weekly Forecast – Bearish 10-15 Day Forecast to Weigh on PricesAnalysts now expect a paltry withdrawal with the next government storage release on Thursday. Mar 15, 2021 05:25 AM GMT Natural gas futures started the new week with a gap to the downside as new weather forecasts revealed the warming trend will continue to weigh on demand. The early price action also suggests that traders are anticipating another anemic storage report from the U.S. government. Last week, May natural gas futures settled at $2.636, down $0.103 or -3.76%. Advertisement Start Trading US Energy Information Administration Weekly Storage Report On Thursday, the Energy Information Administration (EIA) reported a withdrawal of 52 Bcf from natural gas storage for the week-ended March 5, a result notably shy of expectations set by analysts ahead of the report.

Natural Gas Price Fundamental Daily Forecast - Trader Reaction to $2 706 Sets the Tone

Natural Gas Price Fundamental Daily Forecast - Trader Reaction to $2 706 Sets the Tone
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