EIA natural gas storage report - June 16
Posted: Thu Jun 13, 2019 5:59 pm
Working gas in storage was 2,088 Bcf as of Friday, June 7, 2019, according to EIA estimates. This represents a net increase of 102 Bcf from the previous week. Stocks were 189 Bcf higher than last year at this time and 230 Bcf below the five-year average of 2,318 Bcf. At 2,088 Bcf, total working gas is within the five-year historical range.
To safely make it through the next winter heating seasons we need ~3,800 BCF in storage by mid-November.
To safely make it through the next winter heating seasons we need ~3,800 BCF in storage by mid-November.