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Weekly Natural Gas Storage Report for January 20th

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Miguel A. Rodriguez
Miguel A. Rodriguez
20 January 2023

Here are the latest details from the U.S. Energy Information Administration regarding natural gas inventories for the past week.  

On Thursday, natural gas futures fell over 4% to close at 3.38, an 18-month low. Working gas in storage was 2,820 Bcf as of Friday, January 13, 2023, according to EIA estimates. This represents a net decrease of 82 Bcf from the previous week. Stocks were 19 Bcf less than last year at this time, and 34 Bcf above the five-year average of 2,786 Bcf.  

 

At 2,820 Bcf, total working gas is within the five-year historical range. According to analysts, utilities drew less gas from storage than typical last week since the weather was warmer than usual, keeping heating demand low. 

 

 

Source: ir.eia.gov. 

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.