PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: The McGraw-Hill Companies, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Platts Pre-report Analyst Survey Suggests US EIA Data will Show a Draw from Natural Gas Stocks of 82 Bcf to 86 Bcf - The US Energy Information Administration (EIA) is expected Thursday to report withdrawal from natural gas inventories of 82 billion cubic feet (Bcf) to 86 Bcf for the week ending March 2, 2012, according to a Platts survey of analysts - Platts.com
Platts Pre-report Analyst Survey Suggests US EIA Data will Show a Draw from Natural Gas Stocks of 82 Bcf to 86 Bcf

 

NewswireToday - /newswire/ - Washington, DC, United States, 2012/03/07 - The US Energy Information Administration (EIA) is expected Thursday to report withdrawal from natural gas inventories of 82 billion cubic feet (Bcf) to 86 Bcf for the week ending March 2, 2012, according to a Platts survey of analysts - Platts.com. NYSE: MHP; NYSE: MHFI

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

A pull within that range would be larger than the 63-Bcf withdrawal in the same week in 2011 but smaller than the five-year-average drawdown of 92 Bcf, according to EIA data. As a result, the 756-Bcf surplus to a year ago could likely shrink, while the 780-Bcf surplus over the five-year average may expand.

The wider range of analyst estimates for the week that ended March 2 spanned from a withdrawal of 75 Bcf to 93 Bcf. The EIA estimated an 82-Bcf draw from storage for the week that ended February 24, dropping overall stocks to 2.513 trillion cubic feet (Tcf).

Gelber & Associates analyst Jonathan Arfa said last week's weather "was only marginally colder than the previous week's," but added that "large amounts of gas continued to be consumed for power generation, replacing relatively expensive coal and nuclear reactors that are undergoing maintenance."

Citi Futures Perspective analyst Tim Evans said the "expanding storage surplus could still pressure the market to new lows, but we can also imagine a scenario where the anticipation that reduced drilling activity will translate into weaker production could help prices hold firm, or even help lift the market at some point."

He added,"The rising storage surplus does indicate downward fundamental pressure on prices in our view, but the extreme in the storage capacity doesn't necessarily align with the extreme in prices."

About Platts
Founded in 1909, Platts is a leading global provider of energy, petrochemicals and metals information and a premier source of benchmark prices for those markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in 150 countries benefit from Platts’ coverage of the oil, petrochemicals, natural gas, electricity, coal, nuclear power, shipping, and metals markets. A division of The McGraw-Hill Companies, Platts has approximately 900 employees in more than 15 offices worldwide.

About The McGraw-Hill Companies
McGraw-Hill (mcgraw-hill.com) announced on September 12, 2011, its intention to separate into two public companies: McGraw-Hill Financial, a leading provider of content and analytics to global financial markets, and McGraw-Hill Education, a leading education company focused on digital learning and education services worldwide. McGraw-Hill Financial's leading brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Indices, Platts energy information services and J.D. Power and Associates. With sales of $6.2 billion in 2010, the Corporation has approximately 21,000 employees across more than 280 offices in 40 countries.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: The McGraw-Hill Companies, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Platts Pre-report Analyst Survey Suggests US EIA Data will Show a Draw from Natural Gas Stocks of 82 Bcf to 86 Bcf

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Kathleen Tanzy - Platts.com 
212-904-2860 kathleen_tanzy[.]platts.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any The McGraw-Hill Companies, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From The McGraw-Hill Companies, Inc. / Company Profile


Read Energy Most Recent Related Newswires:

Enel Group Confirmed in Euronext Vigeo Eiris Sustainability Indices for Fifth Straight Year
Invenergy Selects GE Renewable Energy to Provide Cyber Security for Entire Fleet
GNF3 Fuel Product Completes U.S. NRC Approved Process for New Fuel Product Introductions
Surging Demand from Data Centres Energises European Diesel Genset Market Finds Frost & Sullivan
Mexican Ministry of Energy Awards Three Geothermal Exploration Permits - A Key Step Forward for ENGIE and Reykjavik Geothermal
Forestalia Selects GE Renewable Energy to Provide 1,200 MW of Wind Power in the Largest European Auction to Date
Enel Launches E-Solutions - A New Global Business Line
Enel Buys A Stand-alone Battery Energy Storage Project in UK
GE Supports Power Grids of the Future with Europe’s First MVDC Link
ENGIE Launches Home Energy Business in the UK
Akenerji Selects GE’s Predix-based Operations Optimization Software to Improve Gas Thermal Plant Efficiencies and Performance
Enel Starts Construction of New 298 MW Wind Project in The United States
OPEC and Non-OPEC Nations Will Reduce Oil & Gas Production to Restore Supply-Demand Parity Finds Frost & Sullivan
ENGIE and AES Agree to Expand their LNG Marketing Partnership to Central America
GE to Supply Power Generation Technology for Ghana’s 400 MW Bridge Power Project

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)