Winter was not quite done as US gas storage volumes flip back to withdrawals following an early injection, according to a survey of analysts by S&P Global Commodity Insights.
The US Energy Information Administration is expected to report a 27 Bcf withdrawal for the week ended April 1. Responses to the survey were wide, ranging from a 16 to 51 Bcf withdrawal. The EIA plans to release its weekly storage report on April 7 at 10:30 am ET. A 27 Bcf withdrawal from storage during the week ended April 1 would effectively be the inverse of the previous week’s 26 Bcf inventory build. It would also contrast the five-year average injection of 8 Bcf and the 19 Bcf addition reported during the corresponding week in 2021. Inventories would slip to 1.388 Tcf. The deficit to last year […]