Natural Gas Storage Report - July 25
Posted: Fri Jul 26, 2013 12:17 pm
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.
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.