Inventories for this time of the year remain astoundingly above average.
More Quotes from Rakesh Shankar:
We are entering spring with near-record levels of inventory. A recent cold spell notwithstanding, few people now care about surprises in this release, seeing as how total inventories are nearly 70 above average.Rakesh Shankar
This week essentially marks the death knell for winter.
Rakesh Shankar
The recent cold snap seems more like a last hurrah for Old Man Winter, and with barely a few weeks left in the winter season, inventories for natural gas remain in near record territory. This will ensure that any price gains for natural gas in the aftermath of today's report will be limited.
Rakesh Shankar
After a relatively swift recovering following the devastating hurricanes late last year, refinery utilization moderated sharply since the beginning of this year, and is yet to meaningfully recover.
Rakesh Shankar
There are some fears now in the natural-gas market of a return to colder than average weather for the next few weeks.
Rakesh Shankar
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