Front futures $4.10 -0.23. (5.2%)
From the EIA:
Weekly Natural Gas Storage Report
for week ending April 26, 2013. | Released: May 2, 2013 at 10:30 a.m. | Next Release: May 9, 2013
| Working gas in underground storage, lower 48 states Summary text CSV JSN | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Historical Comparisons | |||||||||||||||
| Stocks billion cubic feet (Bcf) |
Year ago (04/26/12) |
5-Year average (2008-2012) |
|||||||||||||
| Region | 04/26/13 | 04/19/13 | change | (Bcf) | % change | (Bcf) | % change | ||||||||
| East | 704 | 686 | 18 | 1,162 | -39.4 | 824 | -14.6 | ||||||||
| West | 339 | 334 | 5 | 370 | -8.4 | 285 | 18.9 | ||||||||
| Producing | 734 | 714 | 20 | 1,040 | -29.4 | 786 | -6.6 | ||||||||
| Salt | 198 | 187 | 11 | 250 | -20.8 | 146 | 35.6 | ||||||||
| Nonsalt | 536 | 526 | 10 | 790 | -32.2 | 640 | -16.3 | ||||||||
| Total | 1,777 | 1,734 | 43 | 2,572 | -30.9 | 1,895 | -6.2 | ||||||||
And from Investing.com:Summary
Working gas in storage was 1,777 Bcf as of Friday, April 26, 2013, according to EIA estimates. This represents a net increase of 43 Bcf from the previous week...
Natural gas futures plunge 5% after U.S. supply report
Natural gas futures plunged to a one-week low on Thursday, adding to losses after a report from the U.S. Energy Information Administration showed natural gas supplies rose more-than-expected last week.Our earlier post "Weekly Natural Gas Storage Survey: Injection of 34Bcf" was higher than Platts, Dow Jones, Reuters and Bloomberg and was still too low.
On the New York Mercantile Exchange, natural gas futures for delivery in June traded at USD4.130 per million British thermal units during U.S. morning trade, down 4.5% on the day.
Nymex gas prices fell by as much as 5% earlier in the day to hit a session low of USD4.103 per million British thermal units, the weakest level since April 26.
The June contract traded at USD4.290 prior to the release of the U.S. Energy Information Administration report.
The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended April 26 rose by 43 billion cubic feet, above expectations for an increase of 28 billion cubic feet....MORE
