DJ US GAS: Nymex Gas Rallies On Inventory, Supply Concerns futuresource.quote.com
Analysts and traders surveyed by Dow Jones Newswires said they expect government data scheduled for release Thursday to show a build in U.S. gas inventories of 29 billion cubic feet, according to the average prediction.
Bloomberg: New York Natural Gas Rises on Speculation of Supply Competition bloomberg.com
Inventories rose 30 billion cubic feet last week, according to the median of 15 analyst estimates compiled by Bloomberg.
Reuters: New York Mercantile Exchange natural gas futures ended higher on Wednesday, backed by firmer crude prices and technical buying after an early attempt to move lower stalled at support despite a weaker cash market and milder spring weather, traders said. www1.investorvillage.com
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Reuters: Most U.S. spot natural gas prices slid for the first time in three trading sessions Wednesday, with benchmark Henry Hub gas in Louisiana falling from its highest level in more than two years as mild, spring-like weather in much of the nation curbed demand. www1.investorvillage.com
Injection estimates for this week's EIA report ranged from 21 bcf to 40 bcf, with most traders and analysts expecting stocks to rise by about 29 bcf when weekly data is released at about 10:30 a.m. EDT, a Reuters survey showed.
Firm Physical Natural Gas Price next Day Delivery. Down almost everywhere. intelligencepress.com
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GULF PRODUCTION MONITOR: April 23, 2008 Independence Hub remains at zero today for the 15th straight day. Hub production fell to 218 MMcf/d on April 8 and dropped to zero the following day after a leak was discovered on Independence Trail. Enterprise, which operates Independence Trail, has not provided an update on the status of repairs, but said initially that the system would be down 1-4 weeks. Total Gulf production is up slightly today to 10.6 Bcf/d, but down from the 11.8 Bcf/d produced in March. bentekenergy.com
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Expectations for tomorrow's reported injection are:
Dow Jones Survey 29 Bcf Bloomberg Survey 30 Bcf Reuters Survey 29 Bcf BENTEK Storage Rpt N.A. robry825 25i Bcf z24blackjet 26 Bcf
Last year's injection 0 Bcf Five year average 46 Bcf
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