EIA - Natural Gas Storage Report - May 7

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

EIA - Natural Gas Storage Report - May 7

Post by dan_s »

Working gas in storage was 2,319 Bcf as of Friday, May 1, 2020, according to EIA estimates. This represents a net increase of 109 Bcf from the previous week.
Stocks were 796 Bcf higher than last year at this time and 395 Bcf above the five-year average of 1,924 Bcf.
At 2,319 Bcf, total working gas is within the five-year historical range.

On the surface this is bearish since we don't normally see triple digit builds in April, but there is going to be a lot of gas shut in during May & June.
Dan Steffens
Energy Prospectus Group
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