This is bullish as it takes a nice bite out of the storage surplus.
Working gas in storage was 3,083 Bcf as of Friday, August 18, 2023, according to EIA estimates.
This represents a net increase of 18 Bcf from the previous week.
Stocks were 513 Bcf higher than last year at this time and 268 Bcf above the five-year average of 2,815 Bcf.
At 3,083 Bcf, total working gas is within the five-year historical range.
EIA - Natural Gas Storage Report - Aug 24
EIA - Natural Gas Storage Report - Aug 24
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group