Natural Gas Storage Report - August 21
Posted: Thu Aug 21, 2014 1:40 pm
Working gas in storage was 2,555 Bcf as of Friday, August 15, 2014, according to EIA estimates. This represents a net increase of 88 Bcf from the previous week. Stocks were 500 Bcf less than last year at this time and 535 Bcf below the 5-year average of 3,090 Bcf.
The short-term outlook for gas prices looks "OK" to me, but long-term (next summer) supply/demand could be quite bearish.
The short-term outlook for gas prices looks "OK" to me, but long-term (next summer) supply/demand could be quite bearish.