DJ UPDATE:US GAS: Futures End Flat On Mild Weather, Econ Concerns futuresource.quote.com
The U.S. Energy Information Administration is expected to report that 174 billion cubic feet of gas were withdrawn from storage during week ended Jan. 23, according to the average prediction of thirteen analysts and traders in a Dow Jones Newswires survey.
Bloomberg: Natural Gas Declines in New York on Ample Supplies in Storage bloomberg.com
Supplies probably dropped 176 billion cubic feet last week, according to the median of eight analyst estimates compiled by Bloomberg.
Reuters: * Benchmark Henry Hub up on cold, early futures strength * Most eastern prices slide on moderate weather forecasts * Ample supplies, economic concerns weigh on sentiment
NEW YORK, Jan 28 (Reuters) - U.S. spot natural gas prices traded mixed Wednesday based on regional weather forecasts, traders said... www1.investorvillage.com
Withdrawal estimates for this week's EIA storage report ranged from 135 bcf to 194 bcf, with most traders and analysts expecting stocks to fall by about 170 bcf when weekly data is released Thursday at about 10:30 a.m. EST, a Reuters survey showed. Stocks fell an adjusted 240 bcf for the same week in 2008, while the five-year average draw for that week is 184 bcf.
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Expectations for Fridays's reported draw are:
Dow Jones Survey -174 Bcf Bloomberg Survey -176 Bcf Reuters Survey -170 Bcf BENTEK Storage Rpt N.A. robry825 2003 model -186 Bcf, 2005 -198 Bcf, 2008 -186 Bcf z24blackjet -185 Bcf quehubo -190 Bcf
Last year's draw -240 Bcf Five year average -184 Bcf
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GULF PRODUCTION MONITOR January 28, 2009: Gulf production inched up today in evening flows to around 10.7 Bcf/d. Tenn announced that effective immediately, they will be reversing all header gas to resume its normal operations and be treated as 500 line receipts instead of 800 line receipts. Currently this represents roughly 20 MMcf/d but historically has been around 40 MMcf/d and can climb even higher when the interconnect with Garden Banks is heavily utilized. bentekenergy.com |