EIA Natural Gas Storage Report 6-25-20
Working gas in storage was 3,012 Bcf as of Friday, June 19, 2020, according to EIA estimates. This represents a net increase of 120 Bcf from the previous week. Stocks were 739 Bcf higher than last year at this time and 466 Bcf above the five-year average of 2,546 Bcf. At 3,012 Bcf, the total working gas is within the five-year historical range.
The EIA reported an injection of 120 bcf which is higher than expectations of 107 bcf. This is well above the five-year average build of 73 bcf. The inventory is now 739 bcf above last year and 466 bcf ahead of the 5-yr average.
Henry Hub Natural Gas Futures CME
Comments