Natural Gas Storage Report - Oct 24

[dan_s]

Working gas in storage was 3,606 Bcf as of Friday, October 18, 2019, according to EIA estimates.
This represents a net increase of 87 Bcf from the previous week. Stocks were 519 Bcf higher than last year at this time and 28 Bcf above the five-year average of 3,578 Bcf.
At 3,606 Bcf, total working gas is within the five-year historical range.

There s/b four more weeks of builds before the "official" start of winter heating season begins.

5-year average storage on November 15 is 3,732 Bcf. Storage capacity is over 4,200 Bcf.

My "SWAG" is that next week's build will be ~65 Bcf.

[dan_s]

Note from Aegis Energy: "EIA reported a build of 87 Bcf for the week ending 10/18/2019. This was smaller than the median estimate of 92 Bcf. Today’s stat fell within the expected range, which was 101 Bcf on the more bearish end, and 80 Bcf on the more bullish end. Prices were down in the five minutes following the announcement, to $2.285, from $2.3 just before 9:30am."