Natural Gas Inventory -50 bcf vs -50 bcf Expected

December 1, 2016 10:30 AM EST

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

(Updated)

Natural Gas Inventory -50 bcf vs -50 bcf Expected

Working gas in storage was 3,995 Bcf as of Friday, November 25, 2016, according to EIA estimates. This represents a net decline of 50 Bcf from the previous week. Stocks were 24 Bcf higher than last year at this time and 235 Bcf above the five-year average of 3,760 Bcf. At 3,995 Bcf, total working gas is above the five-year historical range.

Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(11/25/15)
5-year average
(2011-15)
Region11/25/1611/18/16net changeimplied flow Bcf% changeBcf% change
East912 935 -23 -23 924 -1.3 905 0.8
Midwest1,130 1,153 -23 -23 1,114 1.4 1,063 6.3
Mountain258 259 -1 -1 212 21.7 206 25.2
Pacific328 328 0 0 377 -13.0 364 -9.9
South Central1,367 1,370 -3 -3 1,345 1.6 1,222 11.9
Salt400 396 4 4 381 5.0 321 24.6
Nonsalt967 974 -7 -7 964 0.3 901 7.3
Total3,995 4,045 -50 -50 3,971 0.6 3,760 6.3

Working Gas in Underground Storage Compared with Five-Year Range

Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2011 through 2015. The dashed vertical lines indicate current and year-ago weekly periods.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Commodities, ETFs

Add Your Comment