Natural Gas Storage Report - August 3
Posted: Thu Aug 03, 2017 10:51 am
Working gas in storage was 3,010 Bcf as of Friday, July 28, 2017, according to EIA estimates. This represents a net increase of 20 Bcf from the previous week. Stocks were 279 Bcf less than last year at this time and 87 Bcf above the five-year average of 2,923 Bcf. At 3,010 Bcf, total working gas is within the five-year historical range.
5-year average build for the last week of July is 40 BCF. Each week the storage level moves one step closer to the 5-year average.
Wall Street does not pay much attention to natural gas until after Labor Day.
5-year average build for the last week of July is 40 BCF. Each week the storage level moves one step closer to the 5-year average.
Wall Street does not pay much attention to natural gas until after Labor Day.