Preview EIA Natural Gas Storage #TCNG

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    Working gas in storage was 2,990 Bcf as of Friday, July 21, 2017, according to EIA estimates. This represents a net increase of 17 Bcf from the previous week. Stocks were 302 Bcf less than last year at this time and 111 Bcf above the five-year average of 2,879 Bcf. At 2,990 Bcf, total working gas is within the five-year historical range.

    Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2012 through 2016. The dashed vertical lines indicate current and year-ago weekly periods.

    Helmholtz Watson

    Smaller build under lowest forecast and still no power to even try $3.00 in Natgas – tightest seen this contract for a while – well since last week anyway.

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