Natural gas in storage fell 81 billion cubic feet in Feb 18 week
Natural gas in storage fell 81 billion cubic feet in the February 18 week. A withdrawal of 80 to 85 bcf was expected. Via EIA:
Working gas in storage was 1,830 Bcf as of Friday, February 18, 2011, according to EIA estimates. This represents a net decline of 81 Bcf from the previous week. Stocks were 48 Bcf less than last year at this time and 61 Bcf below the 5-year average of 1,891 Bcf. In the East Region, stocks were 96 Bcf below the 5-year average following net withdrawals of 57 Bcf. Stocks in the Producing Region were 46 Bcf above the 5-year average of 641 Bcf after a net withdrawal of 11 Bcf. Stocks in the West Region were 10 Bcf below the 5-year average after a net drawdown of 13 Bcf. At 1,830 Bcf, total working gas is within the 5-year historical range.