EIA - Natural Gas Storage Report - May 14
Posted: Thu May 14, 2020 9:53 am
Working gas in storage was 2,422 Bcf as of Friday, May 8, 2020, according to EIA estimates. This represents a net increase of 103 Bcf from the previous week.
Stocks were 799 Bcf higher than last year at this time and 413 Bcf above the five-year average of 2,009 Bcf.
At 2,422 Bcf, total working gas is within the five-year historical range.
Mild weather in May keeping a lid on demand for power generation. "Global Warming" is on the way, or maybe it is just "Summer". Storage builds will decline sharply in June.
Stocks were 799 Bcf higher than last year at this time and 413 Bcf above the five-year average of 2,009 Bcf.
At 2,422 Bcf, total working gas is within the five-year historical range.
Mild weather in May keeping a lid on demand for power generation. "Global Warming" is on the way, or maybe it is just "Summer". Storage builds will decline sharply in June.