Into The Vortex – EIA Natural Gas Storage Outlook

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  • #21664
    TradersCom
    Keymaster

    EIA reported a lower than expected build of…

    [article]1685[/article]

    #21695
    TradersCom
    Keymaster

    Summary

    Working gas in storage was 2,797 Bcf as of Friday, August 16, 2019, according to EIA estimates. This represents a net increase of 59 Bcf from the previous week. Stocks were 369 Bcf higher than last year at this time and 103 Bcf below the five-year average of 2,900 Bcf. At 2,797 Bcf, total working gas is within the five-year historical range.

    #21764
    ThePitBoss
    Participant

    Florida Governor Declares State of Emergency

    Governor Ron DeSantis issued an Executive Order, declaring a state of emergency for counties in the path of Hurricane Dorian. The Governor is urging all Floridians on the East Coast to prepare for impacts, as the latest forecasts from the National Hurricane Center project Hurricane Dorian will make landfall on Florida’s East Coast as a major hurricane.

    By declaring a state of emergency, Governor DeSantis is ensuring that state and local governments have ample time, resources and flexibility to prepare. The State Emergency Operations Center will activate to a Level 2 on Thursday morning, enhancing the coordination between federal, state and local emergency management agencies.

    “Today, I am declaring a state of emergency to ensure Florida is fully prepared for Hurricane Dorian,” said Governor DeSantis. “It’s important for Floridians on the East Coast to monitor this storm closely. Every Florida resident should have seven days of supplies, including food, water and medicine, and should have a plan in case of disaster. I will continue to monitor Hurricane Dorian closely with emergency management officials. The state stands ready to support all counties along the coast as they prepare.”

    “Because of the uncertainty in the track of this storm, every resident along the East Coast needs to be ready,” said Florida Division of Emergency Management Director Jared Moskowitz. “As updates come out, it’s important that Floridians continue to pay attention to media and local officials as the track of this storm has been changing and can continue to change rapidly. By having an Executive Order in place and by activating the State Emergency Operations Center to a Level 2, we are fully prepared to support any community that might be impacted.”

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