NatGas Production Must Increase Dramatically To Refill Inventories

March 13, 2014

Despite falling price, storage builds going forward must greatly outpace last year.


Natural gas was last trading down by more than 2.5 percent to $4.38/mmbtu—a two-month low—after the Energy Information Administration reported that operators withdrew 195 billion cubic feet from storage last week, within the range of analyst estimates.

The latest withdrawal was above last year’s draw of 145 bcf, and the five-year average draw of 101 bcf.

In turn, inventories now stand at 1,001 bcf, which is 937 bcf below the year-ago level and 857 bcf below the five-year average (calculated using a slightly different methodology than the EIA).



Learn why commodity ETFs are an essential part of a diversified portfolio with our Commodity ETFs channel.

Learn why bond ETFs are an essential part of a diversified portfolio with our bond ETF channel.


The ETF tracking the Dow Jones industrial average was the inflows leader on Thursday, Feb. 4.

ETF issuers saw little movement in their asset totals on Thursday, Feb. 4.


By Matt Hougan

Here's why you should attend the largest ETF conference in the world next month.

By Dave Nadig

Barclays built in a premium to this exchange-traded note, so back away.

By Sumit Roy

Why this probably isn't the start of a bear market.

By Dave Nadig

Many challenges ahead for the rapidly growing industry.


By Heidi Richardson

Opportunities in Germany and the eurozone.

By Shirish Malekar

How to protect your portfolio with liquid alts.