Withdrawals From Storage
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Gas prices soar to $20/ Mcf in California
… contract gained around 15� to 17� each day ending at a near record settlement price high of $6.57. Huge withdrawals from storage told most of this story. The American Gas Association estimated that withdrawal of gas topped 94 bcf for the …
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High gas and power prices dog California market
… December surged to $300/Mw-hr. Natural gas prices are sky rocketing because of tight supply of gas and huge withdrawals from storage in the West. �This is very early in the season for storage to be this low,� says Wayne Andrews, analyst …
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US, Russian gas supply vulnerable if 2002-03 winter unusually cold
… fold, depending on temperatures. For example, in the US, during the harsh 2000-01 winter, maximal weekly withdrawals from storage were more than 6 bcm, and the season closed with only 19 bcm in reserve. But during the mild 2001-02, one maximum …
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OGJ Newsletter
… last week). Why is the outlook for storage suddenly brighter than expected just a few weeks ago? Put simply, withdrawals from storage have not been as strong as most analysts reckoned would be the case. Salomon Smith Barney contends that the …
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OGJ Newsletter
… make gains Cold weather in much of the US in early February has ended a series of weeks of relatively small gas withdrawals from storage , said C.H. Guernsey & Co., Oklahoma City. According to the firm's models, cold weather during the first …
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U.S. gas deliverability, output gap widens
… estimate. Should the surplus in wellhead productive capacity decline, more reliance would be placed on gas withdrawals from storage to meet peak heating and cooling demand. Gas storage requirements can be met by maintaining gas productionellipsecloser …
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Gas markets to remain tight despite recent respite
… last week). Why is the outlook for storage suddenly brighter than expected just a few weeks ago? Put simply, withdrawals from storage have not been as strong as most analysts reckoned would be the case. Salomon Smith Barney contends that the …
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Guernsey & Co. says gas storage withdrawals starting later than usual
… the third week in November. "In each of the past 6 years, by the third week in November we had significant withdrawals from storage . However, our storage model estimates that the American Gas Association will again announce this week a net …
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Fourth quarter gas production could be lower than market suggests
… presently tops $2.50/MMBtu. At 22 bcf, withdrawals from storage were again small relative to historical averages ..... agency said the pattern of relatively small net withdrawals from storage likely will continue as the basis differential …
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EIA says gas drilling slump won't prevent low prices in 2002
… demand in the fourth quarter. Heating season temperatures for most of fourth quarter were above normal, causing withdrawals from storage to be delayed. If temperatures are normal for the rest of this winter, the agency said heating degree-days …
