EIA - Natural Gas Storage Report - June 1
Posted: Thu Jun 01, 2023 11:03 am
Working gas in storage was 2,446 Bcf as of Friday, May 26, 2023, according to EIA estimates.
This represents a net increase of 110 Bcf from the previous week.
Stocks were 557 Bcf higher than last year at this time and 349 Bcf above the five-year average of 2,097 Bcf.
At 2,446 Bcf, total working gas is within the five-year historical range.
The build is just 9 Bcf higher than the 5-year average. The last two weeks of May are always the largest builds of the year.
We definitely need some HOT weather in the eastern half of the U.S. to increase power generation demand.
This represents a net increase of 110 Bcf from the previous week.
Stocks were 557 Bcf higher than last year at this time and 349 Bcf above the five-year average of 2,097 Bcf.
At 2,446 Bcf, total working gas is within the five-year historical range.
The build is just 9 Bcf higher than the 5-year average. The last two weeks of May are always the largest builds of the year.
We definitely need some HOT weather in the eastern half of the U.S. to increase power generation demand.