UK's "fuel low" indicator just came on
Mar 6, 2013
Bishop Hill in Energy: gas

Bloomberg has just reported that the UK's low fuel indicator just switched on:

U.K. stores of natural gas, pushed to record lows by a dearth of tanker imports, will be exhausted in about two weeks unless temperatures rise, reducing demand for the heating fuel.

The CHART OF THE DAY shows inventories at Rough, the U.K.’s largest gas-storage facility, are at the lowest level on record for the time of year. There were 6,490 gigawatt-hours of gas in storage yesterday, which will be depleted in 15 days if the average rate of withdrawal over the past two weeks continues, according to National Grid Plc (NG/) data.

See the chart here.

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