Natural Gas Prices Move Higher On Record Supply Decline

Natural gas for January delivery is up 6 percent to $5.796 per 1,000 cubic feet in trading on the New York Mercantile Exchange.

Natural gas supplies fell by 207 billion cubic feet last week, a record decline for this point in the season.

Record cold temperatures throughout the natural gas consuming regions of the U.S. have led to a dramatic spike in natural gas demand.

Natural gas supplies remain 14 percent above the 5 year seasonal average after a long period of inventory builds resulting from a lack of demand in the industrial sector.

Natural Gas Inventory Report 12-17-09

Working gas in storage was 3,566 Bcf as of Friday, December 11, 2009, according to EIA estimates. This represents a net decline of 207 Bcf from the previous week. Stocks were 381 Bcf higher than last year at this time and 433 Bcf above the 5-year average of 3,133 Bcf. In the East Region, stocks were 179 Bcf above the 5-year average following net withdrawals of 93 Bcf. Stocks in the Producing Region were 197 Bcf above the 5-year average of 923 Bcf after a net withdrawal of 75 Bcf. Stocks in the West Region were 57 Bcf above the 5-year average after a net drawdown of 39 Bcf. At 3,566 Bcf, total working gas is above the 5-year historical range.

Natural Gas Inventory Report 12-10-09

Working gas in storage was 3,773 Bcf as of Friday, December 4, 2009, according to EIA estimates. This represents a net decline of 64 Bcf from the previous week. Stocks were 472 Bcf higher than last year at this time and 513 Bcf above the 5-year average of 3,260 Bcf. In the East Region, stocks were 191 Bcf above the 5-year average following net withdrawals of 31 Bcf. Stocks in the Producing Region were 241 Bcf above the 5-year average of 954 Bcf after a net withdrawal of 24 Bcf. Stocks in the West Region were 81 Bcf above the 5-year average after a net drawdown of 9 Bcf. At 3,773 Bcf, total working gas is above the 5-year historical range.

Natural Gas Inventory Report 12-03-09

Working gas in storage was 3,837 Bcf as of Friday, November 27, 2009, according to EIA estimates. This represents a net increase of 2 Bcf from the previous week. Stocks were 470 Bcf higher than last year at this time and 487 Bcf above the 5-year average of 3,350 Bcf. In the East Region, stocks were 168 Bcf above the 5-year average following net withdrawals of 7 Bcf. Stocks in the Producing Region were 243 Bcf above the 5-year average of 976 Bcf after a net injection of 8 Bcf. Stocks in the West Region were 76 Bcf above the 5-year average after a net addition of 1 Bcf. At 3,837 Bcf, total working gas is above the 5-year historical range.

Natural Gas Inventory Report 11-25-09

Working gas in storage was 3,835 Bcf as of Friday, November 20, 2009, according to EIA estimates. This represents a net increase of 2 Bcf from the previous week. Stocks were 404 Bcf higher than last year at this time and 442 Bcf above the 5-year average of 3,393 Bcf. In the East Region, stocks were 145 Bcf above the 5-year average following net withdrawals of 2 Bcf. Stocks in the Producing Region were 229 Bcf above the 5-year average of 982 Bcf after a net injection of 3 Bcf. Stocks in the West Region were 69 Bcf above the 5-year average after a net addition of 1 Bcf. At 3,835 Bcf, total working gas is above the 5-year historical range.

Natural Gas Inventory Report 11-19-09

Working gas in storage was 3,833 Bcf as of Friday, November 13, 2009, according to EIA estimates. This represents a net increase of 20 Bcf from the previous week. Stocks were 347 Bcf higher than last year at this time and 419 Bcf above the 5-year average of 3,414 Bcf. In the East Region, stocks were 127 Bcf above the 5-year average following net injections of 8 Bcf. Stocks in the Producing Region were 225 Bcf above the 5-year average of 983 Bcf after a net injection of 9 Bcf. Stocks in the West Region were 67 Bcf above the 5-year average after a net addition of 3 Bcf. At 3,833 Bcf, total working gas is above the 5-year historical range.

Natural Gas Inventory Report 11-13-09

Working gas in storage was 3,813 Bcf as of Friday, November 6, 2009, according to EIA estimates. This represents a net increase of 25 Bcf from the previous week. Stocks were 350 Bcf higher than last year at this time and 409 Bcf above the 5-year average of 3,404 Bcf. In the East Region, stocks were 118 Bcf above the 5-year average following net injections of 8 Bcf. Stocks in the Producing Region were 223 Bcf above the 5-year average of 976 Bcf after a net injection of 10 Bcf. Stocks in the West Region were 67 Bcf above the 5-year average after a net addition of 7 Bcf. At 3,813 Bcf, total working gas is above the 5-year historical range.

Natural Gas Inventory Report 11-05-09

Working gas in storage was 3,788 Bcf as of Friday, October 30, 2009, according to EIA estimates. This represents a net increase of 29 Bcf from the previous week. Stocks were 379 Bcf higher than last year at this time and 414 Bcf above the 5-year average of 3,374 Bcf. In the East Region, stocks were 123 Bcf above the 5-year average following net injections of 27 Bcf. Stocks in the Producing Region were 227 Bcf above the 5-year average of 962 Bcf after a net injection of 1 Bcf. Stocks in the West Region were 64 Bcf above the 5-year average after a net addition of 1 Bcf. At 3,788 Bcf, total working gas is above the 5-year historical range.

Natural Gas Inventory Report 10-29-09

Working gas in storage was 3,759 Bcf as of Friday, October 23, 2009, according to EIA estimates. This represents a net increase of 25 Bcf from the previous week. Stocks were 373 Bcf higher than last year at this time and 414 Bcf above the 5-year average of 3,345 Bcf. In the East Region, stocks were 109 Bcf above the 5-year average following net injections of 17 Bcf. Stocks in the Producing Region were 237 Bcf above the 5-year average of 951 Bcf after a net injection of 1 Bcf. Stocks in the West Region were 67 Bcf above the 5-year average after a net addition of 7 Bcf. At 3,759 Bcf, total working gas is above the 5-year historical range.

Natural Gas Inventory Report 10-22-09

Working gas in storage was 3,734 Bcf as of Friday, October 16, 2009, according to EIA estimates. This represents a net increase of 18 Bcf from the previous week. Stocks were 397 Bcf higher than last year at this time and 432 Bcf above the 5-year average of 3,302 Bcf. In the East Region, stocks were 114 Bcf above the 5-year average following net injections of 11 Bcf. Stocks in the Producing Region were 252 Bcf above the 5-year average of 935 Bcf after a net injection of 5 Bcf. Stocks in the West Region were 65 Bcf above the 5-year average after a net addition of 2 Bcf. At 3,734 Bcf, total working gas is above the 5-year historical range.

Natural Gas Investing Chart

Natural Gas Inventory Report 10-15-09

Working gas in storage was 3,716 Bcf as of Friday, October 9, 2009, according to EIA estimates. This represents a net increase of 58 Bcf from the previous week. Stocks were 450 Bcf higher than last year at this time and 474 Bcf above the 5-year average of 3,242 Bcf. In the East Region, stocks were 138 Bcf above the 5-year average following net injections of 38 Bcf. Stocks in the Producing Region were 266 Bcf above the 5-year average of 916 Bcf after a net injection of 13 Bcf. Stocks in the West Region were 69 Bcf above the 5-year average after a net addition of 7 Bcf. At 3,716 Bcf, total working gas is above the 5-year historical range.