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natural gas storage

Natural Gas Market Collapse

On Thursday, natural gas prices fell by nearly 6% to $2.945.  The break in gas prices below the key $3 per Mcf threshold puts them now at a seven-year low.  The price break was helped by another injection into storage of 52 Bcf.  This week's injection was below Wall Street's consensus anticipated 58 Bcf injection estimate, so it should have been a positive for gas prices.  However, projections are now calling for total storage volumes of 3.9 Tcf to be reached before the end of the injection season in nine weeks.  At that point, gas will need to be either shut in or

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