EIA - Natural Gas Storage Report - June 11
Posted: Thu Jun 11, 2020 10:35 am
Working gas in storage was 2,807 Bcf as of Friday, June 5, 2020, according to EIA estimates. This represents a net increase of 93 Bcf from the previous week.
Stocks were 748 Bcf higher than last year at this time and 421 Bcf above the five-year average of 2,386 Bcf.
At 2,807 Bcf, total working gas is within the five-year historical range.
Aegis Energy: "EIA reported a build of 93 Bcf for the week ending 6/05/2020. This was smaller than the median estimate of 94 Bcf. Today’s stat fell within the expected range, which was 100 Bcf on the more bearish end, and 90 Bcf on the more bullish end. Prices were up in the five minutes following the announcement, to $1.809, from $1.808 just before 9:30am."
Stocks were 748 Bcf higher than last year at this time and 421 Bcf above the five-year average of 2,386 Bcf.
At 2,807 Bcf, total working gas is within the five-year historical range.
Aegis Energy: "EIA reported a build of 93 Bcf for the week ending 6/05/2020. This was smaller than the median estimate of 94 Bcf. Today’s stat fell within the expected range, which was 100 Bcf on the more bearish end, and 90 Bcf on the more bullish end. Prices were up in the five minutes following the announcement, to $1.809, from $1.808 just before 9:30am."