EIA - Natural Gas Storage Report - Jan 3

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

EIA - Natural Gas Storage Report - Jan 3

Post by dan_s »

Working gas in storage was 3,192 Bcf as of Friday, December 27, 2019, according to EIA estimates.
This represents a net decrease of 58 Bcf from the previous week. Stocks were 484 Bcf higher than last year at this time and 38 Bcf below the five-year average of 3,230 Bcf.
At 3,192 Bcf, total working gas is within the five-year historical range.

As was expected, this report is bearish for natural gas prices. Next week's report should be about the same.
Dan Steffens
Energy Prospectus Group
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