Tight NatGas Market Weighed Down By Another Mild Weather Spell

By
January 31, 2013
Share:

We examine the latest developments in the natural gas market.

 

Natural gas fell after the Energy Information Administration reported that operators withdrew 194 billion cubic feet from storage last week, below the 200 to 204 bcf withdrawal most analysts were expecting (Related: WTI Nears $100 Amid Broad Risk Rally, Oil Volatility Plunges To Record Low).

However, the withdrawal was above last year's withdrawal of 132 bcf and the five-year average withdrawal of 173 bcf.

 


In turn, inventories now stand at 2802 bcf, which is 164 bcf below the year-ago level and 307 bcf above the five-year average (calculated using a slightly different methodology than the EIA).

 


The weather last week was very close to seasonal norms. But looking forward, the NOAA's 6- to 10-day outlook calls for mild temperatures across much of the U.S.

NOAA 6 TO 10 DAY OUTLOOK

 

ETF.COM CHANNELS

Interested in China? Use our China ETFs Channel, library, and ETF screener.

Interested in oil? Use our oil ETFs channel, library and ETF screener!

ETF DAILY DATA

The world's largest ETF topped the outflows list on Friday, April 29.

On Friday, April 29, SSgA was the issuer with the largest net outflows from its ETFs thanks to 'SPY'.

ETF.COM ANALYST BLOGS

By Drew Voros

With the broad equity ideas all taken, issuers look for thinner slices of exposure.

By David Lichtblau

How funds wash away capital gains through create/redeem process.

By Dave Nadig

End investors are the big winners; brokers—not so much.

By Dave Nadig

ETF industry petitions the SEC for market microstructure changes.

ETF INDUSTRY PERSPECTIVE

By Sprott Asset Management

New fund’s underlying index targets equities sentiment on social media.

By Kristi Kuechler

Avoid taking unrewarded—or unintended—risks.

By Vanguard

The investing giant outlines its expectations for the markets and global economy in 2016.