EIA - Natural Gas Storage Report - Oct 28

[dan_s]

Working gas in storage was 3,548 Bcf as of Friday, October 22, 2021, according to EIA estimates.
This represents a net increase of 87 Bcf from the previous week. < Should be the last large build.
Stocks were 403 Bcf less than last year at this time and 126 Bcf below the five-year average of 3,674 Bcf.
At 3,548 Bcf, total working gas is within the five-year historical range.

Weather turns bullish for gas in November. Take a look at the 10 day forecast for Chicago.
https://www.wunderground.com/forecast/u ... .88,-87.63

Chicago is the "Bull's Eye" for natural gas demand for space heating.

[dan_s]

I just went to the Weather Channel's website and scrolled thru the 10-day forecasts one day at a time.
https://weather.com/maps/tendayforecast

It looks to me like the first week of November is cold enough that we many see a draw from ngas storage for the week ending November 5. If so, that would be two weeks earlier than normal. The first draw from storage usually happens the 3rd week of November.

Regardless, it now looks like the US will begin the winter with storage 100 to 150 Bcf below the 5-year average AND we use a lot more gas now than we did five years ago.