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Stock impact report

High U.S. natgas storage draws raise alarm for coming seasons [Reuters]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Reuters
High U.S. natgas storage draws raise alarm for coming seasons | Reuters 3 Min Read (Reuters) - U.S. natural gas prices could rise in 2018 after utilities pulled the second biggest amount of gas from storage on record over the winter, even though the season was slightly warmer than normal. That left total stockpiles about 20 percent below usual at the end of the heating season on March 31, and will require companies to add 16 percent more gas than usual into storage this summer just to get inventories back to normal levels before next winter. Some analysts think the market is putting too much weight on rising production to refill inventories this year, and is not worried enough about a projected increase in domestic demand and exports. “We feel the current market has become far too complacent and that prices are simply too low to account for demand growth and the amount of gas needed in storage for the next winter heating season,” Martin King, director institutional research at GMP Fir Show less Read more
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