EIA - Natural Gas Storage Report - Nov 13
Posted: Fri Nov 13, 2020 7:33 pm
Working gas in storage was 3,927 Bcf as of Friday, November 6, 2020, according to EIA estimates. This represents a net increase of 8 Bcf from the previous week.
Stocks were 196 Bcf higher than last year at this time and 176 Bcf above the five-year average of 3,751 Bcf.
At 3,927 Bcf, total working gas is within the five-year historical range.
In the last 13 weeks (1 Qtr of a year) the total builds have been 268 BCF below the five year average. VERY BULLISH sign of supply/demand tightening.
We may see one more small build next week then winter draws begin.
Stocks were 196 Bcf higher than last year at this time and 176 Bcf above the five-year average of 3,751 Bcf.
At 3,927 Bcf, total working gas is within the five-year historical range.
In the last 13 weeks (1 Qtr of a year) the total builds have been 268 BCF below the five year average. VERY BULLISH sign of supply/demand tightening.
We may see one more small build next week then winter draws begin.