North American, and particularly US, natural gas storage levels are extremely low by any measure.
High storage levels tend to steepen contango, which then further improves storage economics.
Organismal RNAi knockdown of CG9186 results in a reduction in lipid storage levels of the fly.
The long-term (10-year) linear trend and average seasonality provide a more credible context for current storage levels.
Neither current nor forward pricing in Henry Hub or even key basis markets reflect 2018's comparatively supportive storage levels.
First, North America exited last winter with relatively low storage levels, leaving a larger than normal deficit to refill.
The decline in inventories brought crude oil storage levels close to a 26-year low reached in October, when storms disrupted operations on the Gulf Coast.
At the end of August, reservoir storage levels in some metropolitan cities were as low as 28.4percentt of maximum capacity.
The shape of the futures curve and its relationship to storage levels is something of a chicken-to-egg relationship, though.
"As we head into winter, we are running 20percentt below the five-year average and last year's storage levels, coming off one of the warmest winters on record," he said.
As discussed in the CGEP report "Low US Storage Levels Point to Winter Natural Gas Price Spike Risk" (October 16, 2018), extremely low natural gas storage levels (ultimately exacerbated by a sizable market position in time spreads) really should have foreshadowed this move, but this was clearly a market taken off guard.
