Natural Gas Storage Report - October 15
Posted: Thu Oct 15, 2015 11:20 am
Working gas in storage was 3,733 Bcf as of Friday, October 9, 2015, according to EIA estimates. This represents a net increase of 100 Bcf from the previous week. Stocks were 447 Bcf higher than last year at this time and 168 Bcf above the 5-year average of 3,565 Bcf.
It looks like storage will end up around 4,000 Bcf by mid-November when draws for winter heating season begin. This is a bit above the 5-year average (3,805 Bcf). Keep in mind that daily demand for gas is much higher today than it was five years ago.
To see weekly changes in storage the last five years go to: http://www.americanoilman.com/
It looks like storage will end up around 4,000 Bcf by mid-November when draws for winter heating season begin. This is a bit above the 5-year average (3,805 Bcf). Keep in mind that daily demand for gas is much higher today than it was five years ago.
To see weekly changes in storage the last five years go to: http://www.americanoilman.com/