Natural Gas Storage Report - July 25

[dan_s]

Working gas in storage was 2,786 Bcf as of Friday, July 19, 2013, according to EIA estimates. This represents a net increase of 41 Bcf from the previous week. Stocks were 399 Bcf less than last year at this time and 46 Bcf below the 5-year average of 2,832 Bcf.

This is slightly bullish for Ngas. We need to see injections stay in the 40 bcf range for the next 3-4 weeks. We are now at the peak of summer demand.

[dan_s]

Why does natural gas demand go up in the summer? Read this.

http://finance.yahoo.com/news/why-summe ... 14963.html