EIA Natural Gas Storage Outlook

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  • #19473
    TradersCom
    Keymaster

    The EIA reported a draw of -20 Bcf…

    [article]1283[/article]

    #19524
    TradersCom
    Keymaster

    C=Reclassification.
    Reclassifications from working gas to base gas resulted in decreased working gas stocks of approximately 4 Bcf in the Mountain region for the week ending January 4, 2019. The implied flow for the week is a decrease of 87 Bcf to Lower 48 working gas stocks. (See Notes and Definitions for more information on “implied flow.”)

    Totals may not equal sum of components because of independent rounding.

    Summary

    Working gas in storage was 2,614 Bcf as of Friday, January 4, 2019, according to EIA estimates. This represents a net decrease of 91 Bcf from the previous week. Stocks were 204 Bcf less than last year at this time and 464 Bcf below the five-year average of 3,078 Bcf. At 2,614 Bcf, total working gas is below the five-year historical range.

    #19525
    ThePitBoss
    Participant

    Much bigger draw but appears so much money lost on natty that volatility dried up – at least until next time

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