EIA - Natural Gas Storage Report - Jan 3
Posted: Fri Jan 03, 2020 11:23 am
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.
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.