Working gas in storage was 2,468 Bcf as of Friday, March 25, 2016, according to EIA estimates. This represents a net decline of 25 Bcf from the previous week. Stocks were 1,002 Bcf higher than last year at this time and 843 Bcf above the five-year average of 1,625 Bcf. At 2,468 Bcf, total working gas is above the five-year historical range.

Estimated withdrawal is between 20 Bcf and 24 Bcf

Vs

Actual withdrawal 25 Bcf

Analysts predict net withdrawal while this week’s storage report is expected to be a reversal from last, as a net withdrawal is the expectation of analysts for the week ended March 25. A consensus of analysts surveyed by Platts expects that the EIA will estimate a withdrawal of between 20 Bcf and 24 Bcf for the reporting week that ended March 25. A withdrawal within expectations would be more than the 10 Bcf withdrawal reported at this time in 2015 and directly in line with the 22 Bcf five-year average pull, according to EIA data. A withdrawal of more than 22 Bcf would mark only the second time this year that the pull was larger than both the five-year average and last year’s withdrawal in the corresponding week. The last time it occurred was for the week that ended January 22

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